v3.26.1
Stockholders’ Deficit (Tables)
3 Months Ended
Mar. 31, 2026
Stockholders' Equity Note [Abstract]  
Schedule of stock by class
At March 31, 2026, Series A Convertible Preferred Stock consisted of the following:

Shares AuthorizedShares Issued Shares OutstandingStated Value per ShareCarrying ValueCumulative Accrued Preferred Dividends
Dividend - Three Months Ended March 31, 2026
Liquidation Preference
35,000 119 119 $1,000 $1,876,587 $42,820 $42,820 $2,183,820 
At March 31, 2026, Series A Convertible Preferred Stock (Mezzanine equity) consisted of the following:

Shares AuthorizedShares Issued Shares OutstandingStated Value per ShareCarrying ValueCumulative Accrued Preferred Dividends
Dividend - Three Months Ended March 31, 2026
Liquidation Preference
35,000 349 15 $1,000 $242,589 $5,560 $5,560 $283,560 
Schedule of common stock issuable upon exercise of warrants outstanding
The following table is a summary of the number of shares of the Company’s Common Stock issuable upon exercise of warrants outstanding at March 31, 2026, including adjusted exercise price for full ratchet antidilution protection for some warrants:
Number of
Warrants
Number of
Warrants Exercised
Number of
Warrants Cancelled
Number of
Warrants Exercisable
Exercise
Price
Adjusted Exercise
Price
Adjusted Number of
Warrants Exercisable
Expiration
Date
2022 July Institutional/Accredited Investor Warrants1414$1,080,000.00$1,080,000.0014January 29, 2028
Underwriter Warrants - February 2024 offering673136$14,400.00$14,400.0036February 2, 2029
2024 February Institutional/Accredited Investor Warrants - series A667667$14,400.00$14,400.00667February 2, 2029
2024 February Institutional/Accredited Investor Warrants - series C66762542$14,400.00$14,400.0042February 2, 2029
2024 October Institutional/Accredited Investor Warrants2,8832,8831,436$13.31$8.52123,425October 31, 2029
2025 May Institutional/Accredited Investor Warrants28,54428,544$14.04$8.521232,984May 30, 2030
2025 July Institutional/Accredited Investor Pre-funded Warrants2,7572,757$0.0018$0.0018Until Exercised in Full
2025 July Institutional/Accredited Investor Warrants402402$756.00$756.00402July 11, 2030
2025 September Institutional/Accredited Investor Warrants5,4655,465$3.0798$8.521213,039September 10, 2030
2025 November Institutional/Accredited Investor Warrants13,66313,663$2.49$8.5232,599November 27, 2030
2025 December 17, Institutional/Accredited Investor Warrants5,4655,465$69.84$8.5213,039December 17, 2030
2025 December 26 Institutional/Accredited Investor Warrants5,4655,465$55.15$8.5213,039December 26, 2030
2025 December 30 Institutional/Accredited Investor Warrants140,825140,825$63.92$8.521,056,190December 30, 2030
2025 December Institutional/Accredited Investor Pre-Funded Warrants3,0851,5431,543$0.0018$0.00181,543Until Exercised in Full
2026 January Institutional/Accredited Investor Warrants12,38712,387$31.40$8.5245,638January 29, 2031
2026 February Institutional/Accredited Investor Warrants13,66313,663$20.33$8.5232,599February 10, 2031
2026 March 6 Institutional/Accredited Investor Warrants16,94316,943$16.38$8.5232,599March 6, 2031
2026 March 27 Institutional/Accredited Investor Warrants98,13898,138$11.32$8.52117,354March 27, 2031
May 2025 Consulting Warrants4,1674,167$756.00$756.004,167May 7, 2030
May 2025 Consulting Warrants4,1674,167$900.00$900.004,167May 7, 2030
May 2025 Consulting Warrants4,1674,167$1,080.00$1,080.004,167May 7, 2030
May 2025 Consulting Warrants926926$720.00$720.00926May 18, 2030
May 2025 Consulting Warrants926926$900.00$900.00926May 18, 2030
May 2025 Consulting Warrants926926$1,080.00$1,080.00926May 18, 2030
366,3797,183656359,9771,410,488
Schedule of class of treasury stock
The share repurchase activity pursuant to this authorization is as follows:
 
March 31, 2026December 31, 2025
Beginning balance
Shares repurchased— — 
Average purchase price per share$— $— 
Amount spent on repurchased shares$— $— 
Aggregate Board of Directors repurchase authorizations during the period— $— 
Ending balance
Schedule of preferred units
At March 31, 2026, Fermata's Entity Preferred Units consisted of the following:

Units AuthorizedUnits Issued Units OutstandingFair Value per UnitsCarrying ValueCumulative Preferred Returns
Preferred Returns - Three Months Ended March 31, 2026
Liquidation Preference
4,900,000 4,900,000 4,900,000 $0.0340 $166,698 $17,305 $4,488 $184,003