Stockholders' Deficit (Tables)
|
3 Months Ended |
Mar. 31, 2025 |
Dec. 31, 2024 |
Stockholders’ Deficit [Abstract] |
|
|
Schedule of Shares of Common Stock are Reserved for Future Issuance |
The following shares of common stock are
reserved for future issuance:
Convertible notes payable | |
| 480,608 | |
Stock options issued and outstanding | |
| 104,823 | |
Stock purchase warrants | |
| 5,381,916 | |
| |
| 5,967,347 | |
|
The following shares of common stock
are reserved for future issuance:
Convertible notes payable | |
| 464,217 | |
Stock options issued and outstanding under Old Nukk equity incentive plan | |
| 4,823 | |
Stock purchase warrants | |
| 5,465,249 | |
| |
| 5,934,289 | |
|
Schedule of Shares of Common Stock Issuable upon Exercise of Warrants Outstanding |
The following table summarizes
the shares of the Company’s common stock issuable upon exercise of warrants outstanding at March 31, 2025:
| | Warrants Outstanding | | | | Range of Exercise Price | | | Number Outstanding at March 31, 2025 | | | Weighted Average Remaining Contractual Life (Years) | | | Weighted Average Exercise Price | | Public and Private Warrants | | $ | 92.00 | | | | 837,625 | | | | 0.58 | | | $ | 14.32 | | April 2024 Warrants | | | 6.88 | | | | 14,535 | | | | 0.01 | | | | 0.02 | | June 2024 Warrants | | | 2.00 | | | | 150,000 | | | | 0.12 | | | | 0.06 | | August 2024 Warrants | | | 2.00 | | | | 175,000 | | | | 0.14 | | | | 0.07 | | November 2024 Warrant | | | 2.41 | | | | 351,424 | | | | 0.30 | | | | 0.16 | | Pre-funded Warrants | | | 0.0001 | | | | 1,353,333 | | | | 1.18 | | | | 0.00 | | Private Placement Warrant | | | 6.00 | | | | 2,499,999 | | | | 2.19 | | | | 2.79 | | | | $ | 0.0001 – 92.00 | | | | 5,381,916 | | | | 4.52 | | | $ | 17.42 | |
The following table summarizes
the shares of the Company’s common stock issuable upon exercise of warrants outstanding at December 31, 2024:
| | Warrants Outstanding | | | | Range of Exercise Price | | | Number Outstanding at December 31, 2024 | | | Weighted Average Remaining Contractual Life (Years) | | | Weighted Average Exercise Price | | Public and Private Warrants | | $ | 92.00 | | | | 837,625 | | | | 0.61 | | | $ | 14.10 | | April 2024 Warrants | | | 6.88 | | | | 14,535 | | | | 0.01 | | | | 0.02 | | June 2024 Warrants | | | 2.00 | | | | 150,000 | | | | 0.12 | | | | 0.05 | | August 2024 Warrants | | | 2.00 | | | | 175,000 | | | | 0.15 | | | | 0.06 | | November 2024 Warrant | | | 2.41 | | | | 351,424 | | | | 0.31 | | | | 0.15 | | Pre-funded Warrants | | | 0.0001 | | | | 1,436,666 | | | | 1.30 | | | | 0.00 | | Private Placement Warrant | | | 6.00 | | | | 2,499,999 | | | | 2.27 | | | | 2.74 | | | | $ | 0.0001 – 92.00 | | | | 5,465,249 | | | | 4.77 | | | $ | 17.12 | |
|
The following table summarizes the shares of
the Company’s common stock issuable upon exercise of warrants outstanding at December 31, 2024:
| | Warrants Outstanding | | | | Range of Exercise Price | | | Number Outstanding at December 31, 2024 | | | Weighted Average Remaining Contractual Life (Years) | | | Weighted Average Exercise Price | | Public and Private Warrants | | $ | 92.00 | | | | 837,625 | | | | 0.61 | | | $ | 14.10 | | April 2024 Warrants | | | 6.88 | | | | 14,535 | | | | 0.01 | | | | 0.02 | | June 2024 Warrants | | | 2.00 | | | | 150,000 | | | | 0.12 | | | | 0.05 | | August 2024 Warrants | | | 2.00 | | | | 175,000 | | | | 0.15 | | | | 0.06 | | November 2024 Warrant | | | 2.41 | | | | 351,424 | | | | 0.31 | | | | 0.15 | | Pre-funded Warrants | | | 0.0001 | | | | 1,436,666 | | | | 1.30 | | | | 0.00 | | Private Placement Warrant | | | 6.00 | | | | 2,499,999 | | | | 2.27 | | | | 2.74 | | | | $ | 0.0001 – 92.00 | | | | 5,465,249 | | | | 4.77 | | | $ | 17.12 | |
The following table summarizes the shares of
the Company’s common stock issuable upon exercise of warrants outstanding at September 30, 2024:
| | Warrants Outstanding | | | | Range of Exercise Price | | | Number Outstanding at September 30, 2024 | | | Weighted Average Remaining Contractual Life (Years) | | | Weighted Average Exercise Price | | Public and Private Warrant | | $ | 92.00 | | | | 837,625 | | | | 3.02 | | | $ | 65.46 | | April 2024 Warrant | | | 6.88 | | | | 14,535 | | | | 0.03 | | | | 0.08 | | June 2024 Warrant | | | 2.00 | | | | 150,000 | | | | 0.61 | | | | 0.25 | | August 2024 Warrant | | | 2.00 | | | | 175,000 | | | | 0.72 | | | | 0.30 | | | | $ | 2.00 – 92.00 | | | | 1,177,160 | | | | 4.38 | | | $ | 66.09 | |
|
Schedule of Warrant Activities |
Warrant activities for
the three months ended March 31, 2025 were as follows:
| |
Number of Options | | |
Weighted Average Exercise
Price | |
Outstanding at December 31, 2024 | |
| 5,465,249 | | |
| 17.12 | |
Exercised | |
| (83,333 | ) | |
| - | |
Outstanding at March 31, 2025 | |
| 5,381,916 | | |
$ | 17.42 | |
|
Warrant activities for the three months ended December 31, 2024 and
the years ended September 30, 2024 and 2023 were as follows:
| |
Number of Options | | |
Weighted Average Exercise
Price | |
Outstanding at September 30, 2022 | |
| 837,625 | | |
$ | 92.00 | |
Issued | |
| — | | |
| — | |
Outstanding at September 30, 2023 | |
| 837,625 | | |
| 92.00 | |
Issued | |
| 339,535 | | |
| 2.21 | |
Outstanding at September 30, 2024 | |
| 1,177,160 | | |
| 66.10 | |
Issued | |
| 2,851,423 | | |
| 4.83 | |
Outstanding at December 31, 2024 | |
| 4,028,583 | | |
$ | 22.73 | |
|
Schedule of Issued Shares of Common Stock Consideration for Services Rendered Valued at Fair Market Value on the Grant |
|
During the three months ended December 31, 2024,
the Company issued shares of its common stock to settle obligations to vendors at fair value on the grant dates using the reported closing
share price on the dates of grant as follows:
| |
Common stock shares | | |
Fair value | | |
Carrying value obligation | | |
Gain (loss) on extinguishment | |
October 2024 | |
| 100,000 | | |
$ | 200,000 | | |
$ | 140,000 | | |
$ | (60,000 | ) |
November 2024 | |
| 254,660 | | |
| 559,993 | | |
| 392,000 | | |
| (167,993 | ) |
| |
| 354,660 | | |
$ | 759,993 | | |
$ | 532,000 | | |
$ | (227,993 | ) |
During the year ended September 30, 2024, the
Company issued shares of its common stock to settle obligations to vendors were valued at fair value on the grant dates using the reported
closing share prices on the dates of grant as follows:
| |
Common stock shares | | |
Fair value | | |
Carrying value obligation | | |
Gain (loss) on extinguishment | |
January 2024 | |
| 25,338 | | |
$ | 750,000 | | |
$ | 750,000 | | |
$ | — | |
May 2024 | |
| 87,500 | | |
| 501,000 | | |
| 324,601 | | |
| (176,399 | ) |
July 2024 | |
| 148,694 | | |
| 374,788 | | |
| 262,352 | | |
| (112,436 | ) |
July 2024 | |
| 37,500 | | |
| 95,400 | | |
| 252,000 | | |
| 156,600 | |
July 2024 | |
| 37,500 | | |
| 95,400 | | |
| 150,000 | | |
| 54,600 | |
July 2024 | |
| 25,000 | | |
| 63,600 | | |
| 63,600 | | |
| — | |
| |
| 361,532 | | |
$ | 1,880,188 | | |
$ | 1,802,553 | | |
$ | (77,635 | ) |
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