Sharps Technology, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

Subsequent Events	6 Months Ended
Jun. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Note 15. Subsequent Events Acquisition The Company closed on the Acquisition for the shares of Safegard Medical (see Note 5) on July 8, 2022 and released $2,450,000 in escrow funds. The remaining $50,000 in escrow will be held until finalization of any transfer taxes due. Employment Agreement Subsequent to June 30, 2022, the Company cancelled the consulting agreement with Alan Blackman, Co- Chairman and Chief Operating Officer and entered into an Employment Agreement which provides for annual salary of $256,000 and provisions compensation adjustments, expense and tax differential reimbursements, benefits and bonuses. At June 30, 2022, the Company approved and accrued a $250,000 bonus to Mr. Blackman for services provided in 2022.

Subsequent Events

6 Months Ended

Jun. 30, 2022

Subsequent Events [Abstract]

Subsequent Events

Note 15. Subsequent Events

Acquisition

The Company closed on the Acquisition for the shares of Safegard Medical (see Note 5) on July 8, 2022 and released $2,450,000 in escrow funds. The remaining $50,000 in escrow will be held until finalization of any transfer taxes due.

Employment Agreement

Subsequent to June 30, 2022, the Company cancelled the consulting agreement with Alan Blackman, Co- Chairman and Chief Operating Officer and entered into an Employment Agreement which provides for annual salary of $256,000 and provisions compensation adjustments, expense and tax differential reimbursements, benefits and bonuses. At June 30, 2022, the Company approved and accrued a $250,000 bonus to Mr. Blackman for services provided in 2022.