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SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 9 — SUBSEQUENT EVENTS

 

In October 2025, the Company entered into multiple consulting agreements, pursuant to which an aggregate of 305,333 restricted shares of the Company’s common stock were issued as consideration for services. Additionally, the Company granted stock options to two advisors to acquire 200,000 shares of common stock at an exercise price of $1.50 per share. The options have a term of five years and were fully vested upon issuance.

 

On October 15, 2025, the Company entered into an Amendment No. 2 (the “EDA Amendment”) to a equity distribution agreement, dated April 29, 2025 (the “Equity Distribution Agreement”) with Maxim Group LLC, as exclusive sales agent (“Agent”). The Equity Distribution Agreement has established an “at-the-market” offering through which the Company may sell, from time to time to the Agent, shares of the Company’s common stock (the “ATM Program”). The EDA Amendment was entered into by and between the Company and the Agent in order to increase the maximum amount of shares of the Company’s common stock that may be issued and sold through the Agent, from an aggregate offering price $3,100,000 to an aggregate offering price of up to $10,000,000. As of October 15, 2025, up to approximately $4,273,859 in aggregate amount of the Shares are available for sale under the ATM Program based on the respective baby shelf rules. As of this date, 157,000 shares have been sold under the ATM program.