| Schedule of Reconciliation Statement of Common Stock Held By FPA |
The
reconciliation statement of the Common Stock held by the FPA holders is as follows:
Schedule
of Reconciliation Statement of Common Stock Held By FPA
| | |
Vellar | | |
Midtown East | | |
Verdun | | |
Total | |
| | |
Shares | | |
Amount | | |
Shares | | |
Amount | | |
Shares | | |
Amount | | |
Shares | | |
Amount | |
| Balance, December 31, 2023 and December 31, 2024 | |
| 48,560 | | |
$ | 1,214,005 | | |
| 75,896 | | |
$ | 1,897,405 | | |
| 58,912 | | |
$ | 1,472,811 | | |
| 183,368 | | |
$ | 4,584,221 | |
| Less: reclassification to additional paid-in capital | |
| - | | |
| (1,214,005 | ) | |
| - | | |
| (1,897,405 | ) | |
| - | | |
| (1,472,811 | ) | |
| - | | |
| (4,584,221 | ) |
| Less: issuance of Series B Convertible Preferred Stock and Series B Warrants as
per the Exchange and Cancellation Agreements | |
| (48,560 | ) | |
| - | | |
| (75,896 | ) | |
| - | | |
| (58,912 | ) | |
| - | | |
| (183,368 | ) | |
| - | |
| Balance, December 31, 2025 | |
| - | | |
$ | - | | |
| - | | |
$ | - | | |
| - | | |
$ | - | | |
| - | | |
$ | - | |
|
| Schedule of Forward Purchase Agreement |
Schedule of Forward Purchase Agreement
| Seller | |
Series
B Convertible
Preferred Stock (shares) | | |
Series
B Warrants | |
| Verdun | |
| 1,607 | | |
| 103,485 | |
| Midtown | |
| 2,070 | | |
| 133,301 | |
| Vellar | |
| 1,325 | | |
| 85,325 | |
| Total | |
| 5,002 | | |
| 322,111 | |
|