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Stockholders Equity
 9 Months Ended
Sep. 30, 2025
Stockholders Equity  
Stockholders' Equity

12. Stockholders’ Equity

 

Stock Issuance Activity

In the first nine months of 2025 the Company issued common stock as follows:

 

 

·

Sold 1,337,758 shares of common stock at an average price of approximately $20.80 per share for net proceeds of $27,823,261.

 

·

Issued 24,500 shares of common stock for outstanding stock options for net proceeds of $155,810.

 

·

Issued 62,284 shares of common stock for outstanding stock options via cashless exercises by employees.

 

Stock Purchase Warrants Outstanding

There was no activity in the Company’s stock purchase warrants since December 31, 2024, therefore there were no stock purchase warrants outstanding at September 30, 2025. Activity in stock purchase warrants is as follows:

 

 

 

Number of

Warrants

 

 

Exercise

Prices

 

Balance December 31, 2023

 

 

289,294

 

 

$

5.60-7.00

 

Exercised

 

 

(176,789)

 

$5.60

 

Balance June 30, 2024

 

 

112,505

 

 

$

5.60-7.00

 

Exercised

 

 

(112,505)

 

$

5.60-7.00

 

Balance December 31, 2024 and September 30, 2025

 

 

-

 

 

$-