STOCK OPTIONS, WARRANTS AND RESTRICTED STOCK UNITS |
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| STOCK OPTIONS, WARRANTS AND RESTRICTED STOCK UNITS | NOTE 6 — STOCK OPTIONS, WARRANTS AND RESTRICTED STOCK UNITS
Options
The Company does not have an Incentive Stock Plan in place.
Restricted Stock Units (“RSU”)
Transactions involving restricted stock units issued are summarized as follows:
During the three months ended March 31, 2025 and March 31, 2024, the Company granted performance-based, restricted stock units.
As of March 31, 2025, stock-based compensation related to restricted stock awards of $ remains unamortized.
Warrants
The Company issued warrants in 2024 and 2023 in connection with debt issuances. Warrants to purchase shares of the Company’s common stock warrants have a five-year term, are fully vested upon issuance, exercisable upon the completion of a qualified financing typically at a cash exercise price equal to % of the per share price of Company’s common stock sold to third-party investors in that qualified financing.
Transactions involving stock warrants issued are summarized as follows:
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