| Schedule of stock by class |
At March 31, 2026, Series A Convertible Preferred Stock consisted of the following:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Shares Authorized | | Shares Issued | | Shares Outstanding | | Stated Value per Share | | Carrying Value | | Cumulative 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 Authorized | | Shares Issued | | Shares Outstanding | | Stated Value per Share | | Carrying Value | | Cumulative 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 | |
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| 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 Warrants | 14 | | — | | | | — | | 14 | | $1,080,000.00 | | $1,080,000.00 | | 14 | | January 29, 2028 | | Underwriter Warrants - February 2024 offering | 67 | | — | | | | 31 | | 36 | | $14,400.00 | | $14,400.00 | | 36 | | February 2, 2029 | | | | | | | | | | | | | | | | | | | | 2024 February Institutional/Accredited Investor Warrants - series A | 667 | | — | | | | — | | 667 | | $14,400.00 | | $14,400.00 | | 667 | | February 2, 2029 | | | | | | | | | | | | | | | | | | | | 2024 February Institutional/Accredited Investor Warrants - series C | 667 | | — | | | | 625 | | 42 | | $14,400.00 | | $14,400.00 | | 42 | | February 2, 2029 | | 2024 October Institutional/Accredited Investor Warrants | 2,883 | | 2,883 | | | | — | | 1,436 | | $13.31 | | $8.5212 | | 3,425 | | October 31, 2029 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2025 May Institutional/Accredited Investor Warrants | 28,544 | | — | | | | — | | 28,544 | | $14.04 | | $8.5212 | | 32,984 | | May 30, 2030 | | 2025 July Institutional/Accredited Investor Pre-funded Warrants | 2,757 | | 2,757 | | | | — | | — | | $0.0018 | | $0.0018 | | — | | Until Exercised in Full | | 2025 July Institutional/Accredited Investor Warrants | 402 | | — | | | | — | | 402 | | $756.00 | | $756.00 | | 402 | | July 11, 2030 | | 2025 September Institutional/Accredited Investor Warrants | 5,465 | | — | | | | — | | 5,465 | | $3.0798 | | $8.5212 | | 13,039 | | September 10, 2030 | | 2025 November Institutional/Accredited Investor Warrants | 13,663 | | — | | | | — | | 13,663 | | $2.49 | | $8.52 | | 32,599 | | November 27, 2030 | | 2025 December 17, Institutional/Accredited Investor Warrants | 5,465 | | — | | | | — | | 5,465 | | $69.84 | | $8.52 | | 13,039 | | December 17, 2030 | | 2025 December 26 Institutional/Accredited Investor Warrants | 5,465 | | — | | | | — | | 5,465 | | $55.15 | | $8.52 | | 13,039 | | December 26, 2030 | | 2025 December 30 Institutional/Accredited Investor Warrants | 140,825 | | — | | | | — | | 140,825 | | $63.92 | | $8.52 | | 1,056,190 | | December 30, 2030 | | 2025 December Institutional/Accredited Investor Pre-Funded Warrants | 3,085 | | 1,543 | | | | — | | 1,543 | | $0.0018 | | $0.0018 | | 1,543 | | Until Exercised in Full | | 2026 January Institutional/Accredited Investor Warrants | 12,387 | | — | | | | — | | 12,387 | | $31.40 | | $8.52 | | 45,638 | | January 29, 2031 | | 2026 February Institutional/Accredited Investor Warrants | 13,663 | | — | | | | — | | 13,663 | | $20.33 | | $8.52 | | 32,599 | | February 10, 2031 | | 2026 March 6 Institutional/Accredited Investor Warrants | 16,943 | | — | | | | — | | 16,943 | | $16.38 | | $8.52 | | 32,599 | | March 6, 2031 | | 2026 March 27 Institutional/Accredited Investor Warrants | 98,138 | | — | | | | — | | 98,138 | | $11.32 | | $8.52 | | 117,354 | | March 27, 2031 | | May 2025 Consulting Warrants | 4,167 | | — | | | | — | | 4,167 | | $756.00 | | $756.00 | | 4,167 | | May 7, 2030 | | May 2025 Consulting Warrants | 4,167 | | — | | | | — | | 4,167 | | $900.00 | | $900.00 | | 4,167 | | May 7, 2030 | | May 2025 Consulting Warrants | 4,167 | | — | | | | — | | 4,167 | | $1,080.00 | | $1,080.00 | | 4,167 | | May 7, 2030 | | May 2025 Consulting Warrants | 926 | | — | | | | — | | 926 | | $720.00 | | $720.00 | | 926 | | May 18, 2030 | | May 2025 Consulting Warrants | 926 | | — | | | | — | | 926 | | $900.00 | | $900.00 | | 926 | | May 18, 2030 | | May 2025 Consulting Warrants | 926 | | — | | | | — | | 926 | | $1,080.00 | | $1,080.00 | | 926 | | May 18, 2030 | | 366,379 | | 7,183 | | | | 656 | | 359,977 | | | | | | 1,410,488 | | |
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| Schedule of preferred units |
At March 31, 2026, Fermata's Entity Preferred Units consisted of the following:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Units Authorized | | Units Issued | | Units Outstanding | | Fair Value per Units | | Carrying Value | | Cumulative 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 | |
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