v3.26.1
Common Stock
12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Common Stock

Note 13 Common Stock

 

The Company is authorized to issue up to 121,000,000 shares of common stock with $0.0001 par value. Common stockholders are entitled to dividends if and when declared by the Board of Directors. As of December 31, 2025 and 2024, there were 36,920,226 and 36,688,266 shares issued and outstanding. No dividends on common stock had been declared by the Company.

 

As of December 31, 2025 and 2024, the Company had reserved shares of common stock for issuance as follows:

 

   2025   2024 
         
Common Stock Outstanding   36,920,226    36,688,266 
Warrants Outstanding   14,107,989    14,107,989 
Contingent Earnout Shares   26,000,000    26,000,000 
Performance Based Management Earnout   -    2,000,000 
2023 Equity Incentive Plan Available for Future Issuance    2,542,011    2,773,971 
Employee Stock Purchase Plan Available for Future Issuance   1,000,000    1,000,000 
Total   80,570,226    82,570,226