| Schedule of Reserved Shares of Common Stock for Future Issuance |
The
Company reserved shares of common stock, as adjusted for the recapitalization (see Note 3) and for the Reverse Stock Split, on an as-converted
basis, for future issuance as follows:
| | |
December
31, | |
| | |
2025 | | |
2024 | |
| Conversion of Series A preferred
stock | |
| — | | |
| 20,060 | |
| Conversion of Series B preferred stock | |
| — | | |
| 24,408 | |
| Conversion of Series C/C-1 preferred stock | |
| — | | |
| 37,907 | |
| Outstanding options under 2025 Plan | |
| 12,527 | | |
| 13,705 | |
| Issuance of options under the 2025 Plan | |
| 100,386 | | |
| 7,194 | |
| Outstanding common stock warrants | |
| 233,822 | | |
| — | |
| Issuance of earnout shares
(1) | |
| 38,750 | | |
| — | |
| | |
| 385,485 | | |
| 103,274 | |
| (1) | These earnout shares exclude 12,916 shares allocated to Milestone III, as Milestone III expired as of December 31, 2025. |
|
| Schedule of Convertible Preferred Stock |
Convertible
preferred stock as of December 31, 2024 consisted of the following:
| | |
Shares
Authorized | | |
Share
Issued and Outstanding | | |
Liquidation
Preference | | |
Carrying
Amount | | |
Original
Issue Price | |
| Series A | |
| 4,350,314 | | |
| 4,350,314 | | |
$ | 5,307 | | |
$ | 5,231 | | |
$ | 1.22 | |
| Series B | |
| 5,293,175 | | |
| 5,293,175 | | |
| 13,815 | | |
| 13,701 | | |
| 2.61 | |
| Series C | |
| 7,358,151 | | |
| 6,670,703 | | |
| 37,623 | | |
| 37,476 | | |
| 5.64 | |
| Series C-1 | |
| 1,549,742 | | |
| 1,549,742 | | |
| 7,439 | | |
| 8,741 | | |
$ | 4.80 | |
| | |
| 18,551,382 | | |
| 17,863,934 | | |
$ | 64,184 | | |
$ | 65,149 | | |
| | |
|