v3.25.1

Note 14 - Common Stock Reserved for Issuance

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Common Stock Reserved For Issuance [Text Block]

14. COMMON STOCK RESERVED FOR ISSUANCE

The Company is required to reserve and keep available out of its authorized but unissued shares of common stock a number of shares sufficient to affect the exercise of all classes of preferred stock, convertible promissory notes, options granted and available for grant under the incentive plans and warrants to purchase common stock.

		December 31, 2024				December 31, 2023
Outstanding common stock warrants			153,147				96,598
Outstanding stock options and RSUs			89,325				89,449
Preferred shares			7,852,840				808,050
Shares reserved for conversion of future preferred share issuance			500,735				531,262
Shares reserved for future option grants and RSUs			29,094				8,917
Shares reserved for Lincoln Park			—				64,653
Shares reserved for Madryn Noteholders			118,182				118,182
Shares reserved for EW Noteholders			190,910				—
Total common stock reserved for issuance			8,934,233				1,717,111

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- Definition

Common Stock reserved for issuance represents authorized but unissued shares of Common Stock, sufficient to affect the conversion of all outstanding shares of convertible preferred stock, plus options granted and available for grant under the incentive plans.

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