Commitments and Contingencies |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commitments and Contingencies Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Commitments and Contingencies | Note 10 – Commitments and Contingencies
Registration and other stockholder rights
In connection with various of its investment transactions, the Company entered into registration rights agreements with stockholders, pursuant to which the investors were granted certain demand registration rights and/or piggyback and/or resale registration rights in connection with subsequent registered offerings of the Company’s common stock.
Leases
The Company has a continuing liability under its former headquarters’ office lease, which lease was assigned to a third party in April 2024 but for which it remains liable to the landlord. Maturities under this lease as of March 31, 2026 by year are as follows:
For the three months ended March 31, 2026 and 2025, lease costs of $58,496 are classified as operating expenses in the unaudited condensed consolidated statements of operations.
The remaining term of the lone operating lease as of March 31, 2026 is 5.9 years and reflects a discount rate of 10%. In the three months ended March 31, 2026 and 2025, cash paid for amounts under the lone operating lease were $58,496 and are classified as cash used in operating activities.
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