v3.25.1
WARRANTS (Tables)
3 Months Ended
Mar. 31, 2025
Other Liabilities Disclosure [Abstract]  
Schedule of Warrants
The following table presents information about the Company’s outstanding warrants:
Number of Underlying Shares (1)
Weighted-Average Exercise Price at March 31, 2025
Remaining Contractual Life at March 31, 2025
(No. Years)
March 31,
2025
December 31,
2024
Liability-classified warrants
Issued April 2017781781 $127.950.08
Equity-classified warrants
Acquired October 202029,44629,446 $0.155.48
Issued February 2020 (2)218,050 $—
Subtotal29,446 247,496 $0.15
Total warrants30,227 248,277 $3.45
____________________
(1)If the Company subdivides (by any stock split, stock dividend, recapitalization, or otherwise) its outstanding shares of its common stock into a smaller number of shares, the warrant exercise price is proportionately reduced and the number of shares under outstanding warrants is proportionately increased. Additionally, if the Company combines (by combination, reverse stock split, or otherwise) its outstanding shares of common stock into a smaller number of shares, the warrant exercise price is proportionately increased and the number of shares under outstanding warrants is proportionately decreased.
(2)Subject to specified conditions, the Company may voluntarily reduce the warrant exercise price of the warrants issued in February 2020.

A summary of the Company’s warrant activity during the three months ended March 31, 2025 is as follows:

Common Stock Warrants
NumberWeighted Average Exercise Price
Outstanding at December 31, 2024
248,277$14.91 
Exercised(1)
(207,492)$16.50 
Expired(10,558)$16.50 
Outstanding at March 31, 2025
30,227$3.45 
(1)Includes 92,346 warrants that were surrendered in cashless exercises