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Stockholders’ Equity
 6 Months Ended
Jun. 30, 2025
Stockholders’ Equity [Abstract]  
STOCKHOLDERS’ EQUITY

NOTE 11 – STOCKHOLDERS’ EQUITY

 

During the three months ended March 31, 2025, the Company sold 90,762 shares of common stock from its ATM Offering, for total proceeds of $187,913. 

 

During the three months ended March 31, 2025, there was an increase to additional paid in capital for stock option expense of $33,875.

 

During the three months ended March 31, 2025, there was a decrease to additional paid in capital for Series A preferred stock dividend expense of $30,630.

  

During the three months ended June 30, 2025, the Company sold 517,969 shares of common stock from its ATM Offering, for total net proceeds of $699,873. 

 

During the three months ended June 30, 2025, there was an increase to additional paid in capital for stock option expense of $33,875.

 

During the three months ended June 30, 2025, the Company agreed to issued 400,000 shares of common stock for payment of various accounts payable and the VFS loan (Note 7) totaling $696,000. The shares were valued at $1.87, the closing stock price on the date of grant, for a total value of $748,000, resulting in a loss on the extinguishment of debt of $52,000. As of June 30, 2025, the shares have not yet been issued by the transfer agent and are disclosed as common stock to be issued. The 400,000 shares were issued by August 15, 2025.

 

Refer to Note 13 for shares issued to related parties.