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Stock Warrants (Tables)

9 Months Ended

Sep. 30, 2025

Stock Warrants

Summary of all warrant activity

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​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	Weighted Average
​		Number of		Weighted Average			Remaining
​	​	Warrants	​	Exercise Price			Contractual Life
Balance at December 31, 2023		—	​	$	—	​	—
Granted	​	1,938,600	​	​	1.47	​	4.74 years
Exercised	​	(510,000)	​	​	0.0001	​	—
Forfeited	​	—	​	​	—	​	—
Balance at December 31, 2024	​	1,428,600	​	​	2.0	​	4.74 years
​	​	​	​	​	​	​	​
Granted	​	11,645,460	​	​	0.64	​	4.61
Exercised	​	(4,827,280)	​	​	0.001	​	—
Forfeited	​	—	​	​	—	​	—
Balance at September 30, 2025	​	8,246,780	​	​	1.26	​	4.50

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Tabular disclosure of warrant activity.

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