The following table summarizes the Company’s
issuances and (retirement) of common stock during the periods ending March 31, 2026 and 2025:
| Date | | Shares
Issued | | | Purpose | | Fair Value
per Share(1) | | | Total Value | | | Q1 2026 | | | 875 | | | Development Committee | | | 8.99 | (1) | | | 7,866 | | | Q1 2026 | | | 1,050 | | | Advisory Board | | | 8.00 | (1) | | | 8,400 | |
| 1) | Stock-Based Compensation – Advisory Board and Development Committee: The Company issues restricted shares of common stock to members of its Advisory Board and Development Committee as compensation for advisory, strategic, and development-related services. Such awards are non-employee stock-based compensation arrangements and are accounted for in accordance with ASC 718, Compensation—Stock Compensation. The fair value of the shares issued is measured on the grant date based on the closing market price of the Company’s common stock and is recognized as stock-based compensation expense over the period in which the related services are rendered. All shares issued under these arrangements are fully vested upon issuance and are subject to the terms of the applicable advisory or committee agreements. |
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