| Common Stock Warrants |
6.
Common Stock Warrants
A
summary of warrant activity for the six months ended June 30, 2025 is presented below:
Schedule of Warrant Activity
| Subject to Exercise | |
Number of
Warrants | | |
Weighted
Average
Exercise Price | | |
Weighted Average
Life (Years) | |
| Outstanding as of December 31, 2024 | |
| 309,037 | | |
$ | 92.94 | | |
| 3.04 | |
| Issued – 2025 | |
| 3,031,250 | | |
| 3.47 | | |
| 3.28 | |
| Forfeited/Expired – 2025 | |
| - | | |
| - | | |
| - | |
| Exercised – 2025 | |
| (346,250 | ) | |
| - | | |
| - | |
| Outstanding as of June 30, 2025 | |
| 2,994,037 | | |
$ | 13.09 | | |
| 3.20 | |
As
of June 30, 2025, the Company had outstanding exercisable, but unexercised common stock warrants as follows:
Schedule
of Outstanding Exercisable but Unexercised Common Stock Warrants
| Date Issued | |
Exercise Price | | |
Number of
Warrants | | |
Expiration date |
| October 2021 | |
$ | 9,072.00 | | |
| 1,279 | | |
October 13, 2026 |
| October 2022 | |
$ | 2,332.80 | | |
| 3,010 | | |
October 12, 2027 |
| October 2022 | |
$ | 1,944.00 | | |
| 3,142 | | |
October 12, 2027 |
| October 2022 | |
$ | 0.00 | | |
| 399 | | |
October 12, 2027 |
| November 2023 | |
$ | 24.96 | | |
| 23,732 | | |
November 16, 2028 |
| November 2023 | |
$ | 38.40 | | |
| 1,427 | | |
May 21, 2029 |
| March 2024 | |
$ | 19.20 | | |
| 7,814 | | |
March 6, 2029 |
| August 2024 | |
$ | 12.00 | | |
| 130,210 | | |
February 2, 2026 |
| August 2024 | |
$ | 12.00 | | |
| 130,210 | | |
August 2, 2029 |
| August 2024 | |
$ | 20.10 | | |
| 7,814 | | |
August 2, 2029 |
| June 2025 | |
$ | 4.00 | | |
| 1,250,000 | | |
October 17, 2027 |
| June 2025 | |
$ | 4.00 | | |
| 1,250,000 | | |
June 30, 2030 |
| June 2025 | |
$ | 5.00 | | |
| 75,000 | | |
June 30, 2030 |
| June 2025 | |
$ | 0.001 | | |
| 110,000 | | |
- |
| Total outstanding warrants at June 30, 2025 | |
| | | |
| 2,994,037 | | |
|
Based
on a fair market value of $4.03 per share on June 30, 2025, there were 399 exercisable but unexercised in-the-money common stock warrants
on that date. Accordingly, the intrinsic value attributed to exercisable but unexercised common stock warrants at June 30, 2025 was $519,897.
|