Accrued Inducement Grant |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Accrued Inducement Grant | |
| Accrued Inducement Grant | Note 7 – Accrued Inducement Grant On June 17, 2025, the Company entered into an employment agreement with an executive which included a commitment to issue a fully vested inducement grant of 500,000 shares of common stock of the Company. The fair value of the shares to be issued at the contract date (June 17, 2025) was $3,485,000 based on the closing price of the Company’s common stock of $6.97 per share. At June 30, 2025, the mark-to-market increase in the fair value of the shares to be issued was $1,705,000, based on the closing price of the Company’s common stock of $10.38 per share, resulting in a total fair value of $5,190,000 which shares had not been issued as of June 30, 2025. |