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Stockholders Equity
 6 Months Ended
Jun. 30, 2024
Stockholders Equity  
Stockholders' Equity

12. Stockholders’ Equity

 

Stock Issuance Activity

 

In the first six months of 2024 the Company issued common stock as follows:

 

 

·

Sold 265,016 shares of common stock at an average price of $8.15 per share for net proceeds of $2,160,884.

 

·

Issued 176,789 shares of common stock in exchange for outstanding warrants for $990,019.

 

·

Issued 26,786 shares of common stock in exchange for outstanding stock options for $150,001.

 

·

Issued 92,368 shares of common stock for outstanding stock options via cashless exercise.

 

Stock Purchase Warrants Outstanding

 

The activity in stock purchase warrants is as follows:

 

Number of

Warrants

 

 

Exercise Prices

 

Balance December 31, 2022 and 2023

 

 

289,294

 

 

$5.60-7.00

 

Exercised

 

 

(147,026)

 

 

$5.60

 

Balance March 31, 2024

 

 

142,268

 

 

$5.60-7.00

 

Exercised

 

 

(29,763)

 

 

$5.60

 

Balance June 30, 2024

 

 

112,505

 

 

$5.60-7.00

 

 

These warrants expire as follows:

 

Shares

 

 

Exercise Price

 

 

Expiration Date

 

 

 

 

58,933

 

 

$5.60

 

 

October 15, 2024

 

 

 

 

53,572

 

 

$7.00

 

 

November 12, 2024

 

 

 

 

112,505