v3.26.1
Equity Securities (Tables)
3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Schedule of Equity Securities

A summary of the Company’s equity securities as of March 31, 2026, is as follows:

 

Description  Authorized   Issued   Reserved   Outstanding 
Common Stock, par value $0.0001   250,000,000    4,022,143    -    4,022,143 
Preferred Stock   10,000,000    -    -    - 
Warrants   -    5,424,598    -    5,424,598 
2021 Omnibus Equity Incentive Plan   153,586    152,568    1,018    152,477 
Nonqualified Inducement Stock Option Grant   15,000    15,000    -    15,000 
Total equity securities   260,168,586    9,614,309    1,018    9,614,218 

Schedule of Information of Outstanding Warrants

 

   Quantity of Warrants Outstanding as of         
Description  March 31, 2026   December 31, 2025   Exercise Price   Expiration Date 
Pre-IPO Series 1a Warrants   -    19   $49,200    03/14/2026 
IPO Warrants   1,230    1,230    16,800    8/17/2026 
IPO Underwriter Warrants   53    53    19,320    8/17/2026 
March 2023 Offering Placement Agent Warrants   753    753    579.38    3/16/2028 
May 2023 PIPE Placement Agent Warrants   371    371    428.45    5/23/2028 
November 2023 Placement Agent Warrants   1,619    1,619    122.09    11/20/2028 
May 2024 Series A Common Warrants   2,334    2,334    49.10    11/21/2029 
May 2024 Placement Agent Warrants   3,613    3,613    64.50    11/21/2029 
September 2024 PIPE Placement Agent Warrants   13,386    13,386    22.88    3/18/2030 
January 2025 PIPE Warrants   80,051    80,051    12.70    7/15/2030 
January 2025 Repriced PIPE Warrants   120,734    120,734    2.04    (1)
January 2025 PIPE Placement Agent Warrants   14,053    14,053    15.88    7/15/2030 
March 2025 Warrant Inducement Series A   498,080    498,080    12.84    7/15/2030 
March 2025 Warrant Inducement Series B   468,813    468,813    12.84    1/15/2027 
March 2025 Financial Advisor Warrants   33,840    33,840    16.05    7/15/2030 
December 2025 PIPE Series C Warrants   2,022,062    2,022,062    2.04    (1)
December 2025 PIPE Series D Warrants   2,022,062    2,022,062    2.04    (2)
December 2025 PIPE Placement Agent Warrants   141,544    141,544    2.55    (1)
Total warrants outstanding   5,424,598    5,424,617           

 

(1) Warrants are subject to Shareholder approval. Expiration date is 5 years from shareholder approval date.
(2) Warrants are subject to Shareholder approval. Expiration date is 24 months from shareholder approval date.