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Stockholders Equity
 9 Months Ended
Sep. 30, 2024
Stockholders Equity  
Stockholders' Equity

12. Stockholders’ Equity

 

Stock Issuance Activity

 

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

 

 

·

Sold 664,874 shares of common stock at an average price of $11.18 per share for net proceeds of $7,432,216.

 

·

Issued 223,816 shares of common stock upon exercise of warrants for $1,253,370.

 

·

Issued 50,002 shares of common stock upon exercise of stock options for $280,011.

 

·

Issued 126,398 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

 

Exercised

 

 

(47,027)

 

$5.60

 

Balance September 30, 2024

 

 

65,478

 

 

$

5.60-7.00

 

These warrants expire as follows:

 

 

 

Shares

 

 

Exercise Price

 

 

Expiration

Date

 

 

 

 

11,906

 

 

$5.60

 

 

October 15, 2024

 

 

 

 

53,572

 

 

$7.00

 

 

November 12, 2024

 

 

 

 

65,478