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Warrants (Tables)
9 Months Ended
Sep. 30, 2024
Warrants  
Summary of Activity Related to Warrants

A summary of activity related to warrants for the periods presented is as follows:

 

   Shares   Weighted Average Exercise Price   Weighted Average Remaining Contractual Term 
Outstanding as of December 31, 2022   1,056,452    0.40*    
Issued – March 2023   357,136   $0.40*    
Issued – June 2023   1,254,000    0.40*    
Issued – November 2023   815,958    2.49     
Exercised   (250,000)        
Outstanding as of December 31, 2023   3,233,546   $1.24     
Exercised   (829,500)   0.60*    
Issued – March 6, 2024   829,394    0.40**    
Issued – March 7, 2024   136,860    1.51     
Issued – April 12, 2024   1,418,919    0.40**    
Issued – May 31, 2024   1,632,970    0.40**    
Issued – July 29, 2024   1,079,914    0.40**    
Issued – August 27, 2024   1,238,237    0.40      
Outstanding as of September 30, 2024   8,740,340   $0.62    3.00 
Exercisable as of September 30, 2024   8,740,340   $0.62    3.00 

 

* Reflects the exercise price after the March 2024 Down Round Trigger events on March 6, 2024 as described above.
** Reflects the exercise price after the August 2024 Down Round Trigger events on August 27, 2024 as described above.