v3.26.1
STOCK WARRANTS
3 Months Ended
Mar. 31, 2026
Stock Warrants  
STOCK WARRANTS

10. STOCK WARRANTS

 

The Company has the following warrants outstanding as of March 31, 2026, all of which are exercisable:

 

   Warrants   Weighted-
Average
Exercise
Price
   Weighted-
Average
Remaining
Contractual
Life (Years)
   Aggregate
Intrinsic
Value
 
                 
Outstanding at January 1, 2026   1,681,392   $3.23    N/A   $3,339 
Granted   -    -    -    - 
Forfeited   -    -    -    - 
Exercised   -    -    -    - 
Outstanding at March 31, 2026, all vested   1,681,392   $3.23    N/A   $4,144 

 

At March 31, 2026, the intrinsic value of the outstanding warrants was $4,144.

 

In connection with the PIPE offering that occurred in 2025, pre-funded warrants were granted to purchase up to an aggregate of 1,677,996 shares of Common Stock at a purchase price per warrant of $9.5099. Each of the pre-funded warrants is exercisable for one share of Common Stock at the exercise price of $0.0001 per pre-funded warrant share, immediately exercisable, and may be exercised at any time until all of the pre-funded warrants issued in the PIPE are exercised in full. There is no expiration date or contractual life associated with the pre-funded warrants and therefore, the weighted-average remaining contractual life cannot be calculated.