v3.25.2
Stockholders? Equity (Deficit) (Tables)
6 Months Ended
Jun. 30, 2025
Stockholders? Equity (Deficit)  
Schedule of Warrants and Rights Activity

 

 

Number

of RSUs

 

 

Weighted Average Grant Price

 

Balance as on December 31, 2024

 

 

 

 

 

 

RSUs granted

 

 

840,743

 

 

 

1.40

 

RSUs forfeited

 

 

(50,000 )

 

 

1.40

 

Balance as on June 30, 2025

 

 

790,743

 

 

 

1.40

 

 

 

June 30,

2025

 

 

December 31, 2024

 

Reserved but unissued shares under the 2022 Plan

 

 

3,780,961

 

 

 

-

 

Outstanding restricted stock units

 

 

(790,743 )

 

 

3,780,961

 

Reserved but unissued shares at end of period

 

 

2,990,218

 

 

 

3,780,961

 

Schedule of Warrant activity

 

 

Issue date

 

Contractual life (years)

 

 

Warrants Outstanding

 

 

Warrants Exercised

 

 

Warrants Outstanding

 

 

Weighted Average Exercise Price

 

 

Average Remaining Contractual Life (Years)

 

GEM Warrants Issued on October 23, 2023

 

10/23/2023

 

5

 

 

 

1,700,884

 

 

 

 

 

 

1,700,884

 

 

 

371.9

 

 

 

3.31

 

Follow-on Warrants Issued on November 21, 2023

 

11/21/2023

 

5

 

 

 

8,333,333

 

 

 

(4,218,751 )

 

 

4,114,582

 

 

 

0.75

 

 

 

3.39

 

Additional Warrants Issued on April 6, 2025

 

04/06/2025

 

3.7

 

 

 

8,437,502

 

 

 

 

 

 

8,437,502

 

 

 

0.75

 

 

 

3.47

 

Warrants outstanding on June 30, 2025

 

 

 

 

 

 

 

18,471,719

 

 

 

(4,218,751 )

 

 

14,252,968

 

 

 

34.93

 

 

 

3.42