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STOCK TRANSACTIONS
 6 Months Ended
Jun. 30, 2025
STOCK TRANSACTIONS  
STOCK TRANSACTIONS

NOTE 4 – STOCK TRANSACTIONS

a.During the three months ended March 31, 2025, the Company issued 908,000 shares of Common Stock in connection with the exercise of warrants issued in 2020 generating proceeds equal to approximately $2.1 million from such exercises. The remaining warrants expired on March 11, 2025. Accordingly, as of March 12, 2025, no warrants remained outstanding.
b.During the six months ended June 30, 2025, the Company sold, in the aggregate, 2,775,215 shares of Common Stock under the Sales Agreement. The Company generated gross proceeds equal to approximately $7.0 million in connection with such sales (issuance costs were $0.2 million).
c.During the six months ended June 30, 2025, the Company issued, in the aggregate, 198,625 shares of Common Stock in connection with the exercise of options to purchase 198,625 shares of Common Stock by certain current and former employees of the Company. The Company received cash proceeds equal to $0.3 million in connection with such exercises.