DIRECT LISTING FEES |
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| DIRECT LISTING FEES | NOTE 6. DIRECT LISTING FEES
In October 2025, the Company completed the direct listing of its common stock on the NASDAQ stock exchange. In relation to the direct listing, the Company engaged a financial advisor to perform certain financial services for the Company. As a result, the Company agreed to issue the financial advisor common stock with an aggregate value of $250,000 and cash payments totaling $1,072,200. The cash payments consist of a $272,200 payment due by December 15, 2025, and five quarterly payments of $160,000 due beginning on March 30, 2026.
In October 2025, the Company issued shares of common stock to the financial advisor in satisfaction of the common stock owed and recorded $250,000 of compensation expense as a component of professional fees on the accompanying statement of operations for the year ended December 31, 2025. The Company recorded the remaining $800,000 due to the financial advisor at present value, resulting in liability of $754,154 presented as direct listing fees payable on the accompanying balance sheet as of December 31, 2025.
Future payments owed to the financial advisor for direct listing services as of December 31, 2025, are as follows:
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