Annual report [Section 13 and 15(d), not S-K Item 405]

Stockholders??? Equity (Tables)

v3.26.1
Stockholders’ Equity (Tables)
12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Schedule of Changes in Preferred Stock Outstanding

The following table summarizes the changes in Preferred Stock outstanding for the year ended December 31, 2025:

 

    Shares  
Outstanding at December 31, 2024      
Issued     3,300  
Converted to Common Stock     (145 )
Outstanding at December 31, 2025     3,155  
Schedule of Fair Value Measurement Inputs and Valuation Techniques

 

Expected volatility     122.66 %
Risk-free interest rate     4.38 %
Stock price on date of grant   $ 15.00  
Exercise price   $ 17.50  
Dividend yield     0.00 %
Expected term     0.5 to 5.5 years  

 

2025 Warrants

 

Expected volatility     54.0% - 58.0 %
Risk-free interest rate     3.84% -4.39 %
Stock price on date of grant   $ 0.51 -0.60  
Exercise price   $ 0.64  
Dividend yield     0.00 %
Expected term     5.0 years  
Schedule of Shareholder Equity Warrants Outstanding

A summary of warrants outstanding as of December 31, 2025 and 2024 were as follows:

 

    Shares  
Outstanding at December 31, 2023      
Issued     666,667  
Exercised      
Expired      
Outstanding at December 31, 2024     666,667  
Issued     11,262,808  
Exercised     (946,266 )
Exchanged     (466,666 )
Expired      
Outstanding at December 31, 2025     10,516,543