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SHAREHOLDERS EQUITY
12 Months Ended
Dec. 31, 2024
SHAREHOLDERS EQUITY  
SHAREHOLDERS' EQUITY

NOTE 4—SHAREHOLDERS’ EQUITY

 

At December 31, 2024 and 2023, a total of 6,385,255 shares of common stock were issued and outstanding.

 

In connection with a public offering on August 11, 2022, the Company issued a five-year warrant to the underwriter. The warrant allows the underwriter to purchase up to 75,000 common shares at $5.00 per share. This warrant is exercisable after 180 days, and expires on August 8, 2027. This warrant is equity-classified.

 

During 2024, there were no shares issued related to the exercise of stock options or warrants. During 2023 there were 200,000 shares issued related to the exercise of stock options and no shares issued related to the exercise of warrants.