XML 35 R24.htm IDEA: XBRL DOCUMENT v3.25.2
Common Stock Warrants
6 Months Ended
Jun. 30, 2025
Common Stock Warrants  
Common Stock Warrants

Note 17 – Common Stock Warrants

 

Warrants to purchase a total of 2,287,415 shares of common stock at a weighted average exercise price of $2.34 per share, with a weighted average remaining life of approximately 6.19 years, were outstanding as of June 30, 2025.

 

Exercise of Warrants

 

On February 14, 2025, the Company received aggregate proceeds of $38,157 on the exercise of Representative’s Warrants to purchase an aggregate of 39,747 shares of common stock.

 

On June 4, 2025, Kaufman Kapital exercised warrants to purchase an aggregate of 1,000,000 shares of the Company’s common stock at an exercise price of $1.00 per share. These warrants were originally issued in connection with the Kaufman Kapital Senior Secured Convertible note. The exercises resulted in aggregate cash proceeds of $1,000,000.

 

During the period ended June 30, 2025, additional warrants were exercised to purchase an aggregate of 135,000 shares of the Company’s common stock at an exercise price of $1.00 per share. The exercises resulted in aggregate cash proceeds of $135,000.