XML 53 R39.htm IDEA: XBRL DOCUMENT v3.25.4
Stockholders’ Equity (Tables)
12 Months Ended
Dec. 31, 2025
Stockholders’ Equity [Abstract]  
Schedule of Ending Balance of RSU for the 2022 Plan

Ending balances for the 2022 Plan as of December 31, 2025 and December 31, 2024, are as follows: 

 

Description  Number of
Shares
 
Balance as of December 31, 2024   3,780,961 
Increase in shares authorized under the 2022 Plan   11,957,189 
Restricted stock units granted   (4,791,602)
Common stock issued   (193,453)
Balance as of December 31, 2025   10,753,095 
Schedule of Summary of RSU Activity

Summary of RSU activity for the year ended December 31, 2025, follows:

 

   Number of
RSUs
   Weighted
Average
Grant Price
 
Balance as on December 31, 2024   
-
    
-
 
RSUs granted   4,941,602    0.65 
RSUs forfeited   (150,000)   0.65 
Balance as on December 31, 2025   4,791,602    0.65 
Schedule of Warrants and Rights Activity

Warrant activity, for the year ended December 31, 2025, was as follows:

 

   Expiration
date
  Contractual
life
(years)
  Warrants
Outstanding
   Warrants
Exercised
   Warrants
Outstanding
   Weighted
Average
Exercise Price
   Average
Remaining
Contractual
Life
(Years)
 
GEM Warrants issued on October 23, 2023  10/23/2028  5   1,700,884    
          -
    1,700,884    371.90(1)    2.81 
Follow-On Warrants issued on November 21, 2023  11/24/2028  5   8,333,333    (4,218,751)   4,114,582    0.75    2.90 
New Warrants issued on April 6, 2025  11/24/2028  3.7   8,437,502    (7,521,668)   915,834    0.75    3.90 
Series A-1 Warrants issued on July 18, 2025  10/8/2030  5   13,333,334    (11,220,141)   2,113,193    0.15    4.7755 
Series A-2 Warrants issued on July 18, 2025  10/8/2027  2   13,333,334    (12,831,253)   502,081    0.15    1.77 
Placement Agent Warrants issued on July 18, 2025  10/8/2027  5   666,667    (354,167)   312,500    0.19    1.77 
Private Placement Warrants issued on July 22, 2025  9/12/2030  5   14,285,718    (13,133,812)   1,151,906    0.35    4.70 
RDO Placement Agent Warrants issued on July 22, 2025  9/12/2030  5   714,286    (625,000)   89,286    0.44    4.70 
Warrants outstanding on December 31, 2025         60,805,058    (49,904,792)   10,900,266    58.46    3.37 

 

(1)The exercise price of the GEM Warrants has not been adjusted as a result of the ongoing litigation. See “Note 15––Commitments and Contingencies––Legal Matters––GEM Yield Bahamas Limited Litigation” herein for more information.