SUBSEQUENT EVENTS |
3 Months Ended |
|---|---|
Mar. 31, 2026 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENTS | 18. SUBSEQUENT EVENTS
ATM Agreement
From April 1, 2026 through As of May 14, 2026, the Company has sold shares of common stock for an aggregate purchase price of approximately $2.4 million under the ATM Agreement.
Asset Purchase Agreement
As of May 15, 2026, the Company entered into an Asset Purchase Agreement under which the Company’s wholly owned subsidiary agreed to acquire certain intellectual property assets which are the subject of an April 7, 2025 Amaze Partnership Agreement. The purchase price will be $3 million which sum shall be payable solely from sums received by the Company under the ELOC.
The Seller shall receive the first $150,000, and the balance, if any, shall be paid to an affiliate of the counterparty to the equity line of credit agreement. In exchange, the seller notes owed to the affiliate will be canceled regardless of whether any payments are made.
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