XML 27 R16.htm IDEA: XBRL DOCUMENT v3.25.2
NOTE 10 – STOCK PURCHASE OPTION
 6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
NOTE 10 – STOCK PURCHASE OPTION

NOTE 10 – STOCK PURCHASE OPTION

 

On January 14, 2025, the Company issued a Common Stock Purchase Option (the “Option”) to ADI Funding LLC (“ADI Funding”) under a stock purchase agreement for $100,000 that expired on July 14, 2025, for the right to acquire up to 187,500 shares of common stock. The exercise price per share of the common stock under the Option shall be 70% of the VWAP of the common stock during the then 10 Trading Days immediately preceding but not including the date of exercise. The obligation to exercise each specified portion of the Option is subject to the exercise price, being not less than $8.80 per share on the relevant Option exercise date.  As of June 30, 2025, the Company did not receive the $100,000 and the options were not in effect, and the Options had no impact to the accompanying financial statements. On July 14, 2025, the stock purchase agreement was terminated.