v3.25.2
Stockholders Equity
 6 Months Ended
Jun. 30, 2025
Stockholders Equity  
Stockholders' Equity

12. Stockholders’ Equity

 

Stock Issuance Activity

In the first six months of 2025 the Company issued common stock as follows:

 

 

·

Sold 380,000 shares of common stock at an average price of $16.95 per share for net proceeds of $6,246,713.

 

·

Issued 13,281 shares of common stock for outstanding stock options via cashless exercises by employees.

 

Stock Purchase Warrants Outstanding

 

There was no activity in the Company’s stock purchase warrants since December 31, 2024, therefore there were no stock purchase warrants outstanding at June 30, 2025. Activity in stock purchase warrants is as follows:

 

 

 

Number of Warrants

 

 

Exercise Prices

 

Balance December 31, 2023

 

 

289,294

 

 

$

5.60-7.00

 

Exercised

 

 

(147,026)

 

$5.60

 

Balance March 31, 2024

 

 

142,268

 

 

$

5.60-7.00

 

Exercised

 

 

(29,763)

 

$5.60

 

Balance June 30, 2024

 

 

112,505

 

 

$

5.60-7.00

 

Exercised

 

 

(112,505)

 

$

5.60-7.00

 

Balance December 31, 2024 and June 30, 2025

 

 

-

 

 

$-