v3.25.2
Subsequent Events
6 Months Ended
Jun. 30, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

9 — SUBSEQUENT EVENTS

 

On August 1, 2025, the Company, entered into a sales agreement (the “ATM”) with A.G.P./Alliance Global Partners (the “Sales Agent”) providing for the sale by the Company of its shares of common stock, from time to time, through the ATM, with certain limitations on the amount of Common Stock that may be offered and sold by the Company. The aggregate market value of the shares of Common Stock eligible for sale under the ATM prospectus supplement filed in connection with the ATM was $4,983,000 which is based on the limitations of such offerings under SEC regulations. The ATM provides that the Company will pay the Sales Agent commissions for its services in acting as agent in the sale of shares of common stock pursuant to the ATM. The Sales Agent will be entitled to compensation at a fixed commission rate of 3.0% of the gross proceeds from the sale of shares of common stock pursuant to the ATM.

 

On August 1, 2025, the Company’s stockholders approved an amendment to the Company’s Certificate of Incorporation to increase the authorized number of shares of the Company’s Common Stock, from 50,000,000 to 100,000,000.