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Common Stock
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Common Stock

 

  7. Common Stock

 

During the six months ended June 30, 2025, the Company issued 90,790,297 shares of its common stock as follows:

 

  · The Company issued 62,804,832 shares of its common stock upon the conversion of $3,267,000 in convertible notes and $536,000 of accrued interest, net of unamortized discount of $1,572,000, pursuant to convertible notes conversion prices of $0.02 to $0.15.
     
  · The Company issued 15,418,805 shares of its common stock upon the exercise of stock options and warrants of $727,000 with conversion prices of $0.02 to $0.15 per share.
     
  · The Company issued 9,050,000 shares of its common stock for services of $1,451,000 valued at $0.04 to $0.19 per share based on the closing price of the Company’s common stock on the dates granted.
     
  · The Company issued 1,500,000 shares of its common stock to its corporate secretary as compensation of $240,000 valued at $0.16 per share.
     
  · The Company issued 2,016,660 shares of its common stock upon the cashless exercise of warrants at $0.03 to $0.15 per share for $99,000, which were applied to the settlement of vendor accounts payable.