CORRECTION OF PRIOR-PERIOD ERRORS

3 Months Ended

Mar. 31, 2026

NOTE 2 - CORRECTION OF PRIOR-PERIOD ERRORS

Error Identified in the Year Ended December 31, 2021

During the year ended December 31, 2021, the Company incorrectly expensed a portion of the value of the net shares issued by the Company in non-cash stock option exercises as compensation expense. The Company determined that the value of the net shares issued in non-cash option exercises was incorrectly expensed in the original filing, resulting in an overstatement of compensation expense. The correction of this error resulted in a decrease to accumulated deficit by $3,407,443 and a corresponding decrease to additional paid-in capital as of December 31, 2021. The cumulative impact of this correction has been reflected as an adjustment to opening accumulated deficit and additional paid-in capital in the Statements of Changes in Stockholders’ Equity as of December 31, 2024 (the beginning of the earliest period presented), and the March 31, 2025 ending balances presented in this filing.

Restated Financial Information

The following table presents the effects of the restatement on the Company’s previously reported statements of stockholders’ equity as of December 31, 2024 and as of March 31, 2025:


	As Previously Reported			Adjustment			As Restated
As of December 31, 2024
Additional paid-in-capital	$	184,363,772		$	(3,407,443	)	$	180,956,329
Accumulated deficit	$	(150,406,434	)	$	3,407,443		$	(146,998,991	)


	As Previously Reported			Adjustment			As Restated
As of March 31, 2025
Additional paid-in-capital	$	186,984,976		$	(3,407,443	)	$	183,577,533
Accumulated deficit	$	(155,103,458	)	$	3,407,443		$	(151,696,015	)