Quarterly report [Sections 13 or 15(d)]

Equity Securities (Tables)

v3.26.1
Equity Securities (Tables)
3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Schedule of Equity Securities

A summary of the Company’s equity securities as of March 31, 2026, is as follows:

 

Description   Authorized     Issued     Reserved     Outstanding  
Common Stock, par value $0.0001     250,000,000       4,022,143       -       4,022,143  
Preferred Stock     10,000,000       -       -       -  
Warrants     -       5,424,598       -       5,424,598  
2021 Omnibus Equity Incentive Plan     153,586       152,568       1,018       152,477  
Nonqualified Inducement Stock Option Grant     15,000       15,000       -       15,000  
Total equity securities     260,168,586       9,614,309       1,018       9,614,218  

Schedule of Information of Outstanding Warrants

 

    Quantity of Warrants Outstanding as of              
Description   March 31, 2026     December 31, 2025     Exercise Price     Expiration Date  
Pre-IPO Series 1a Warrants     -       19     $ 49,200       03/14/2026  
IPO Warrants     1,230       1,230       16,800       8/17/2026  
IPO Underwriter Warrants     53       53       19,320       8/17/2026  
March 2023 Offering Placement Agent Warrants     753       753       579.38       3/16/2028  
May 2023 PIPE Placement Agent Warrants     371       371       428.45       5/23/2028  
November 2023 Placement Agent Warrants     1,619       1,619       122.09       11/20/2028  
May 2024 Series A Common Warrants     2,334       2,334       49.10       11/21/2029  
May 2024 Placement Agent Warrants     3,613       3,613       64.50       11/21/2029  
September 2024 PIPE Placement Agent Warrants     13,386       13,386       22.88       3/18/2030  
January 2025 PIPE Warrants     80,051       80,051       12.70       7/15/2030  
January 2025 Repriced PIPE Warrants     120,734       120,734       2.04       (1 )
January 2025 PIPE Placement Agent Warrants     14,053       14,053       15.88       7/15/2030  
March 2025 Warrant Inducement Series A     498,080       498,080       12.84       7/15/2030  
March 2025 Warrant Inducement Series B     468,813       468,813       12.84       1/15/2027  
March 2025 Financial Advisor Warrants     33,840       33,840       16.05       7/15/2030  
December 2025 PIPE Series C Warrants     2,022,062       2,022,062       2.04       (1 )
December 2025 PIPE Series D Warrants     2,022,062       2,022,062       2.04       (2 )
December 2025 PIPE Placement Agent Warrants     141,544       141,544       2.55       (1 )
Total warrants outstanding     5,424,598       5,424,617                  

 

(1) Warrants are subject to Shareholder approval. Expiration date is 5 years from shareholder approval date.
(2) Warrants are subject to Shareholder approval. Expiration date is 24 months from shareholder approval date.