v3.26.1
Warrants
12 Months Ended
Dec. 31, 2025
Warrants  
Warrants

Note 9 – Warrants

 

Warrant activity for the years ended December 31, 2025 and 2024 are summarized as follows:

 Schedule of warrant activity

Warrants   Number of
Warrants
   Weighted
Average
Exercise Price
   Average
Remaining
Contractual
Term (Years)
   Aggregate
Intrinsic
Value
 
Outstanding - December 31, 2023    1,350,000   $0.10    1.26   $1,984,500 
Exercisable - December 31, 2023    1,350,000   $0.10    1.26   $1,984,500 
Granted    250,000   $1.00           
Exercised    -                
Cancelled/Forfeited    -                
Outstanding - December 31, 2024    1,600,000   $0.24    1.63   $1,231,000 
Exercisable - December 31, 2024    1,600,000   $0.24    1.63   $1,231,000 
Granted    500,000   $1.00           
Exercised    -                
Cancelled/Forfeited    -                
Outstanding - December 31, 2025    2,100,000   $0.42    1.00   $2,622,000 
Exercisable - December 31, 2025    2,100,000   $0.42    1.00   $2,622,000 

 

In December 2024, the Company extended the maturity dates of 1,000,000 warrants from December 31, 2024 to December 31, 2026. The value resulting from this modification was not considered material to the financial statements.

 

In December 2025, the Company extended the maturity dates of 600,000 warrants from December 31, 2025 to December 31, 2026. The value resulting from this modification was not considered material to the financial statements.