SCHEDULE OF WARRANTS OUTSTANDING |
The
following table is a summary of the Company’s warrants outstanding and exercisable as of June 30, 2025.
SCHEDULE OF WARRANTS OUTSTANDING
| |
| |
| |
Exercise
Price | | |
Number
of Warrants Outstanding and Common Stock Underlying Warrants | |
| |
Issuance
Date | |
Expiration
Date | |
per
Share | | |
June
30, 2025 | | |
December
31, 2024 | |
Unmodified August 2022 Warrants(1) | |
August 25, 2022 | |
August 25, 2027 | |
$ | 13.20 | | |
| 433,321 | | |
| 433,321 | |
Modified August 2022 Warrants(1) | |
August 25, 2022 | |
August 25, 2027 | |
$ | 4.13 | | |
| 55,553 | | |
| 55,553 | |
January 2024 Purchase Warrants(2) | |
January 26, 2024 | |
July 26, 2029 | |
$ | 4.13 | | |
| 171,000 | | |
| 171,000 | |
July 2024 Purchase Warrants(2) | |
July 9, 2024 | |
July 9, 2027 | |
$ | 2.25 | | |
| 1,248,527 | | |
| 1,248,527 | |
August 2024 Purchase Warrants(2) | |
August 1, 2024 | |
August 1, 2029 | |
$ | 1.36 | | |
| 2,566,667 | | |
| 2,566,667 | |
March 2025 Warrants(1) | |
March 12, 2025 | |
March 12, 2030 | |
$ | 0.50 | (3) | |
| 12,298,177 | | |
| - | |
| |
| |
| |
| | | |
| 16,773,245 | | |
| 4,475,068 | |
|
(1) |
Liability
classified |
|
(2) |
Equity
classified |
|
(3) |
The
exercise price will be discounted to $0.25 if the warrants are exercised prior to March 12, 2027 |
|
SCHEDULE OF STOCK OPTION ACTIVITY |
The
following table summarizes stock option activity for the 2019 Plan during the six months ended June 30, 2025.
SCHEDULE OF STOCK OPTION ACTIVITY
| |
| | |
Options outstanding at December 31, 2024 | |
| 861,342 | |
Options granted | |
| 120,900 | |
Options forfeited or expired | |
| (301,749 | ) |
Options outstanding at June 30, 2025 | |
| 680,493 | |
|
SUMMARY OF RSU ACTIVITY |
The
following table summarizes RSU activity for the 2019 Plan during the six months ended June 30, 2025.
SUMMARY OF RSU ACTIVITY
| |
| | |
RSUs outstanding at December 31, 2024 | |
| 149,061 | |
RSUs granted | |
| 6,458 | |
RSUs vested and issued | |
| (131,926 | ) |
RSUs forfeited or expired | |
| (5,000 | ) |
RSUs outstanding at June 30, 2025 | |
| 18,593 | |
| |
| | |
RSUs vested and unissued at June 30, 2025 | |
| 18,593 | |
|
ALLOCATION OF NON-CASH STOCK BASED COMPENSATION EXPENSE BY FUNCTIONAL AREA |
The
allocation of non-cash stock-based compensation expense by functional area for the three and six months ended June 30, 2025 and 2024
was as follows.
ALLOCATION OF NON-CASH STOCK BASED COMPENSATION EXPENSE BY FUNCTIONAL AREA
(in
thousands) | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| |
Three Months
Ended | | |
Six Months
Ended | |
| |
June
30, | | |
June
30, | |
(in
thousands) | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
Cost of revenue | |
$ | 2 | | |
$ | 8 | | |
$ | 9 | | |
$ | 26 | |
Research and development | |
| (9 | ) | |
| 24 | | |
| 1 | | |
| 90 | |
Sales and marketing | |
| (5 | ) | |
| 19 | | |
| 18 | | |
| 44 | |
General and administrative | |
| 27 | | |
| 71 | | |
| 90 | | |
| 324 | |
Total | |
$ | 15 | | |
$ | 122 | | |
$ | 118 | | |
$ | 484 | |
Stock-based compensation
expense | |
$ | 15 | | |
$ | 122 | | |
$ | 118 | | |
$ | 484 | |
|