v3.25.1
CAPITAL STOCK
3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
CAPITAL STOCK

NOTE 5 – CAPITAL STOCK

 

Common Stock

 

On January 22, 2025, the Company entered in a securities purchase agreement pursuant to which the Company sold 2,600,000 shares of the Company’s common stock at a purchase price of $1.70 per share in a registered direct offering. The Company received approximately $3.8 million in net proceeds.

 

Warrants

 

A summary of warrant activity and related information for 2025 is presented below:

SUMMARY OF WARRANT ACTIVITY

 

   Warrants   Weighted-Average
Exercise Price
   Aggregate
Intrinsic Value
 
             
Outstanding at January 1, 2025   94,400   $2.46      
Issued             
Exercised             
Expired             
Outstanding at March 31, 2025   94,400   $2.46   $ 
Exercisable at March 31, 2025   94,400   $2.46   $