| Warrants |
Note
10. Warrants
The
warrants that are accounted for as liabilities in accordance with ASC 815-40, are presented as a Warrant liability in the accompanying
condensed consolidated balance sheet. The warrant liabilities are measured at fair value at inception and on a recurring basis, with
changes in fair value presented within the condensed consolidated statement of operations.
The
Warrant liability at June 30, 2026 and December 31, 2025 consists of the following:
Schedule of Warrant Liability
| | |
June 30, 2026 | | |
December 31, 2025 | |
| Trading and Overallotment Warrants | |
$ | 47 | | |
$ | 37 | |
| Note Warrants | |
| 1 | | |
| 1 | |
| Offering Warrants – May 2024 | |
| 288 | | |
| 453 | |
| Offering Warrants – January 2025 – Series B | |
| 49,195 | | |
| 96,959 | |
| Total Warrant Liability | |
$ | 49,531 | | |
$ | 97,450 | |
The
Warrants outstanding at June 30, 2026 and December 31, 2025, were as follows:
Schedule of Warrant Outstanding
| | |
June 30, 2026 | | |
December 31, 2025 | |
| Trading and Overallotment Warrants | |
| 1,335 | | |
| 1,335 | |
| Note Warrants | |
| 36 | | |
| 36 | |
| Offering Warrants – May 2024 | |
| 453 | | |
| 453 | |
| Offering Warrants -January 2025 -Series A | |
| 12,391 | | |
| 12,391 | |
| Offering Warrants – January 2025 – Series B | |
| 5,307 | | |
| 5,307 | |
| Prefunded – cash and in kind | |
| 24,409,439 | | |
| 37,717,312 | |
| Cash and stapled warrants | |
| 63,213,672 | | |
| 63,213,672 | |
| Warrants issued to strategic advisor | |
| 4,428,467 | | |
| 6,321,367 | |
| Warrants issued for services arrangement | |
| 72,094 | | |
| 72,094 | |
| Total Warrants Outstanding | |
| 92,143,194 | | |
| 107,343,967 | |
|