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Note 18. Subsequent Events

The Company held a special meeting of shareholders Ìý(the “Special Meeting”) of the Company on June 28, 2019. At the Special Meeting, the CompanyÂ’s shareholders approved a proposal to reduce the number of authorized shares of common stock from 250,000,000 to 40,000,000 shares, and the number of authorized shares of preferred stock from 10,000,000 to 1,000,000 shares (the “Authorized Share Reduction”), and a corresponding Amendment to the CompanyÂ’s Certificate of Incorporation, as amended, to effect the Authorized Share Reduction.

On June 28, 2019, the Company then amended its Certificate of Incorporation by reducing its authorized common stock to 40,000,000 and preferred stock to 1,000,000 shares.