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Note 1 - Summary of Significant Accounting Policies Nature of Operations and Basis of Presentation Imricor Medical Systems, Inc. is a U.S.-based medical device company that, along with its wholly-owned subsidiary incorporated in the Netherlands, Imricor B.V. (together, “Imricor” and the “Company”), seeks to address the current issues with traditional x-ray-guided ablation procedures through the development of magnetic resonance ("MR") imaging guided technology. Incorporated in the State of Delaware in 2006, the Company’s principal focus is the design, manufacturing, sale, and distribution of MR-compatible products for use in interventional cardiac magnetic resonance (“iCMR”) guided ablation procedures. Imricor’s technology utilizes an intellectual property (“IP”) portfolio that includes technology developed in-house, as well as IP originating from Johns Hopkins University, Koninklijke Philips N.V., and livetec Ingenieurbuero, GmbH. The Company is headquartered in Burnsville, Minnesota, where it has development and manufacturing facilities. The Company has prepared the accompanying unaudited condensed consolidated financial statements and notes in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information. Accordingly, they do not include all of the information and disclosures required by U.S. GAAP for complete financial statements. In the opinion of the Company’s management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments, which include normal recurring adjustments, necessary to fairly present the Company’s unaudited condensed consolidated interim financial information. The accompanying unaudited condensed consolidated balance sheet at December 31, 2025 has been derived from the audited financial statements at that date but does not include all of the information and disclosures required by U.S. GAAP for annual financial statements. The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full year. These unaudited condensed consolidated financial statements should be read in conjunction with the Company’s audited financial statements and notes thereto for the year ended December 31, 2025, as included in the Company's Registration Statement on Form 10-12G filed with the Securities and Exchange Commission (the “SEC”) on March 18, 2026, as amended by Amendment No. 1, filed on April 24, 2026, and Amendment No. 2, filed on May 15, 2026, and effective as of May 18, 2026. The unaudited condensed consolidated financial statements and notes include the accounts of Imricor Medical Systems, Inc. and its wholly-owned subsidiary, Imricor B.V. All intercompany transactions and balances have been eliminated in consolidation. The Company’s unaudited condensed consolidated financial statements and notes are presented in United States dollars, unless otherwise noted, which is also the functional currency. Estimates The preparation of unaudited condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents Cash and cash equivalents consist of funds in depository accounts, money market funds, and time deposits. The Company considers cash invested in highly liquid financial instruments with original maturities of three months or less at the date of purchase to be cash equivalents. The Company holds cash with high quality financial institutions and, at times, such balances are in excess of federal insurance limits. Cash and cash equivalents consisted of the following: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;margin-left:0px;margin-right:auto;width:80%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">June 30,</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">December 31,</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Cash and cash equivalents</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Cash</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">5,665,948</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">1,637,496</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Money market funds</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">40,794,601</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">7,472,940</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Time deposits</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">14,078,598</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">10,391,912</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Total cash and cash equivalents</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">60,539,147</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">19,502,348</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> </tbody></table> Marketable Securities The Company’s marketable securities consist of investments in U.S. Treasury bills with original maturities greater than three months from the date of purchase. These securities are classified as held-to-maturity debt securities because the Company has the positive intent and ability to hold them to maturity. Held-to-maturity securities are recorded at amortized cost, adjusted for any allowance for credit losses, with securities having remaining maturities of less than one year classified as current on the unaudited condensed consolidated balance sheets. The Company evaluates held-to-maturity securities for expected credit losses using a qualitative assessment methodology. As of June 30, 2026 and December 31, 2025, no allowance for credit losses was required. U.S. Treasury bills are backed by the full faith and credit of the U.S. government and are considered to have minimal credit risk. The Company excludes accrued interest from the amortized cost basis of held-to-maturity debt securities. Accrued interest totaled $59,111 and $117,949 as of June 30, 2026 and December 31, 2025, respectively. Accrued interest is included in prepaid expenses and other current assets on the unaudited condensed consolidated balance sheets. The Company recognizes interest income through accretion of the discount from the purchase price to par value over the holding period. Discount accretion is recognized in interest income on the unaudited condensed consolidated statements of operations. The following tables summarize the gross unrealized gains and losses related to the Company’s held-to-maturity marketable securities: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:27%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="14" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:71%;">As of June 30, 2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:27%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">Gross Unrealized</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">Gross Unrealized</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:27%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">Amortized Cost</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">Gains</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">(losses)</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">Fair Value</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:27%;">Marketable securities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:2%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:27%;">U.S. Treasury bills</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;">6,922,222</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;">56,550</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:2%;">$</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;">-</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;">6,978,772</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:27%;">Total marketable securities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;">6,922,222</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;">56,550</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:2%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;">-</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;">6,978,772</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:27%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="14" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:71%;">As of December 31, 2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr class="finHeading" style="font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:27%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">Gross Unrealized</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">Gross Unrealized</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr class="finHeading" style="font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:27%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">Amortized Cost</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">Gains</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">(losses)</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">Fair Value</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:#cceeff;font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:27%;">Marketable securities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:2%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:#ffffff;font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:27%;">U.S. Treasury bills</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;">21,277,609</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;">98,006</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:2%;">$</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;">-</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;">21,375,615</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:#cceeff;font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:27%;">Total marketable securities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;">21,277,609</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;">98,006</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:2%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;">-</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;">21,375,615</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> </tbody></table> Fair value is measured using Level 2 inputs (prices for similar assets or liabilities that are directly or indirectly observable in the marketplace). All held-to-maturity U.S. Treasury bills had remaining maturities of less than one year as of June 30, 2026. Purchases and maturities of held-to-maturity securities are presented within cash flows from investing activities on the unaudited condensed consolidated statements of cash flows. Accounts Receivable and Customer Concentrations Accounts receivable are unsecured, are recorded net of amounts expected for credit losses, and do not bear interest except if a revenue transaction has a significant financing component. The Company reviews the allowance for credit losses by considering factors such as historical experience and current economic conditions that may affect a customer’s ability to pay as of the balance sheet date. For current accounts receivable arising from revenue transactions, the Company assumes these factors do not change over the remaining life of the accounts receivable. Payment is generally due 30 days from the invoice date. When all collection efforts have been exhausted, the account is written off against the related allowance. To date the Company has not experienced any significant write-offs or significant deterioration of its accounts receivable aging, and therefore, no allowance for credit losses was considered necessary as of June 30, 2026 or December 31, 2025. As of June 30, 2026 and December 31, 2025, the Company had total current and long-term accounts receivable of $350,288 and $336,539, respectively, of which $95,673 was included in long-term accounts receivable as of both June 30, 2026 and December 31, 2025. Accounts receivable includes unbilled receivables of $45,757 as of both June 30, 2026 and December 31, 2025, which represents the current portion of minimum royalties due to the Company within the next 12 months from the respective balance sheet date. The long-term accounts receivable relates to minimum royalties due to the Company beyond 12 months from the respective balance sheet date. The following table sets forth information related to accounts receivable for the six months ended June 30: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;margin-left:0px;margin-right:auto;width:80%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="6" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Six Months Ended June 30,</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Balance at January 1</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">336,539</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">486,772</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Decrease from accounts receivable collected</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">(39,995</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">(149,102</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Increase for accounts receivable not yet collected</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">53,744</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">58,485</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Balance at June 30</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">350,288</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">396,155</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> </tbody></table> During the six months ended June 30, 2026, the Company had sales to 4 customers that individually accounted for 46%, 16%, 13%, and 10% of sales recognized for the period. During the six months ended June 30, 2025, the Company had sales to 2 customers that individually accounted for 53% and 32% of sales recognized for the period. As of June 30, 2026, the Company had accounts receivable from 3 customers that represented 61%, 18%, and 13% of the accounts receivable balance, compared to 3 customers that represented 65%, 19%, and 15% of the accounts receivable balance as of December 31, 2025. Inventories Inventories are stated at the lower of cost or net realizable value, with cost determined on the first-in, first-out (“FIFO”) method. The establishment of allowances for excess and obsolete inventories is based on historical usage and estimated exposure on specific inventory items. Inventories consisted of the following: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;margin-left:0px;margin-right:auto;width:80%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">June 30,</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">December 31,</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Inventories - Current Portion</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Raw materials</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">298,834</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">292,566</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Work in process</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">211,260</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">103,215</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Finished goods</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">835,662</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">700,284</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Total Inventories - Current Portion</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">1,345,756</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">1,096,065</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Inventories - Long-term</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Raw materials</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">512,565</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">415,383</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:62%;">Finished goods</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:16%;">552,836</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:16%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Total Inventories - Long-term</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">1,065,401</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">415,383</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Total Inventories</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">2,411,157</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">1,511,448</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> </tbody></table> Raw materials include components used to manufacture the Company’s capital equipment and consumable products. Long-term inventories represent raw materials and finished goods that the Company does not expect to consume in production or sell within twelve months. The inventories currently classified as long-term are not subject to expiration. The Company utilizes significant estimates in determining the realizable value of its inventories, including the future revenue forecasts that will result in product sales. These estimates have a corresponding impact on the inventory values recorded as of June 30, 2026 and December 31, 2025. Management continually evaluates the likelihood of future sales based on current economic conditions, expiration timing of products, and product design changes prior to sale of product on hand. If actual conditions are less favorable than those the Company has projected, it may need to increase its reserves for excess and obsolete inventories. Any increases in the Company’s reserves will adversely impact its results of operations. The establishment of a reserve for excess and obsolete inventories establishes a new cost basis in the inventory. Future sales of inventory on hand at June 30, 2026 will result in recognition of cost of sales based on initial inventory costs, net of reserves taken for expected realization values. For the three months ended June 30, 2026 and 2025, the Company recorded inventory reserve expense of $213,758 and $214,719, respectively. For the six months ended June 30, 2026 and 2025, the Company recorded inventory reserve expense of $269,566 and $214,719, respectively. Property and Equipment Property and equipment are stated at cost. Additions and improvements that extend the lives of assets are capitalized, while expenditures for repairs and maintenance are expensed as incurred. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. Amortization of leasehold improvements is computed on a straight-line basis over the shorter of the estimated useful lives of the related assets or life of the lease. The standard estimated useful lives of property and equipment are as follows: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:"Times New Roman";font-size:9pt;text-indent:0px;height:auto;margin-left:0px;margin-right:auto;width:80%;"><tbody><tr style="background-color:rgb(204, 238, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:40%;">Office furniture and equipment (years)</td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:57%;">5</td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:40%;">Lab and production equipment (years)</td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:57%;">5</td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:40%;">Computer equipment (years)</td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:57%;">3 - 5</td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:40%;">MR scanner (years)</td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:57%;">7</td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:40%;">Leasehold improvements</td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td class="ck-editor__editable ck-editor__nested-editable" colspan="1" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:57%;">Lesser of useful life or remaining lease term</td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> </tbody></table> The Company reviews property and equipment and right-of-use (“ROU”) assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If the impairment tests indicate that the carrying value of the asset, or asset group, is greater than the expected undiscounted cash flows to be generated by such asset or asset group, further analysis is performed to determine the fair value of the asset or asset group. To the extent the fair value of the asset or asset group is less than its carrying value, an impairment loss is recognized equal to the amount the carrying value of the asset or asset group exceeds its fair value. The Company generally measures fair value by considering sale prices for similar assets or asset groups, or by discounting estimated future cash flows from such assets or asset groups using an appropriate discount rate. Considerable management judgment is necessary to estimate the fair value of assets or asset groups, and accordingly, actual results could vary significantly from such estimates. Assets to be disposed of would be reported at the lower of the carrying amount or fair value less costs to sell. To date, the Company has not recognized any impairment loss for property and equipment and ROU assets. Leases At the inception of a contract, the Company determines whether the contract is or contains a lease based on all relevant facts and circumstances. Leases with a term greater than 12 months are recognized on the unaudited condensed consolidated balance sheets as ROU assets and corresponding current and non-current lease liabilities. Amounts expected to be paid within 12 months are classified as current lease liabilities, with the remainder classified as non-current lease liabilities. The Company has elected not to recognize leases with terms of 12 months or less on the unaudited condensed consolidated balance sheets. Lease payments for short-term leases are recognized as an expense on a straight-line basis over the lease term. The Company includes lease option extensions in the assessment of the lease arrangement when it is reasonably certain the option will be exercised. ROU assets and the corresponding lease liabilities are recorded based on the present value of lease payments to be made over the lease term. The discount rate used to calculate the present value is the rate implicit in the lease, or if not readily determinable, the Company’s incremental borrowing rate. The Company’s incremental borrowing rate is the rate of interest that the Company would have to pay to borrow on a collateralized basis over a similar term, an amount equal to the lease payments in a similar economic environment. Certain adjustments to the ROU asset may be required for items such as initial direct costs or incentives received. See Note 5 for additional disclosure on leases. For all asset classes of its leases, the Company has elected to account for the lease and non-lease components together for all classes of underlying assets. Research and Development Costs The Company expenses research and development costs as incurred. Other Assets Other assets on the unaudited condensed consolidated balance sheets include security deposits related to the Company’s operating leases, an equity investment, and a derivative asset. Other assets consisted of the following: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;width:80%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:62%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">June 30,</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">December 31,</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:62%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:62%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:62%;">Security deposit</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">41,097</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">60,488</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:62%;">Equity investment</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">69,560</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">69,560</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:62%;">Derivative asset</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">56,243</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:62%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">110,657</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">186,291</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> </tbody></table> The equity investment of $69,560 is held at cost. There have been no impairment losses or observable price changes recognized for the six months ended June 30, 2026 and 2025. Patents Expenditures for patent costs are charged to operations as incurred. Income Taxes Income taxes are recorded under the liability method. Deferred income taxes are provided for temporary differences between financial reporting and tax bases of assets and liabilities. Deferred tax assets are reduced by a valuation allowance to the extent the realization of the related deferred tax asset is not assured. The Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more-likely-than not threshold, the amount recognized in the unaudited condensed consolidated financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority. Loss per Share Basic net loss per share is computed by dividing net loss by the weighted average number of common shares outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted average number of common shares outstanding during the period, after taking into consideration the exercise and issuance of all potential common stock equivalents in computing the weighted-average number of common shares outstanding, unless their effect is anti-dilutive. Potentially dilutive securities include stock options and warrants, which are evaluated using the treasury stock method, and convertible notes, which are evaluated using the if-converted method. The following table presents the computation of basic and diluted net loss per share for the three and six months ended June 30: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:"Times New Roman";font-size:9pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td colspan="6" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;">Three Months Ended June 30,</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td colspan="6" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;">Six Months Ended June 30,</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:32%;">Net loss for basic calculation</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(7,381,761</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(7,795,322</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(25,138,772</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(13,141,353</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;">Adjustments for change in fair value of</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:32%;">option and warrant liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:14%;">(295,934</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:14%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:14%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:14%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:32%;">Net loss for diluted calculation</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:14%;">(7,677,695</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:14%;">(7,795,322</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:14%;">(25,138,772</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:14%;">(13,141,353</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;">)</td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:32%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:14%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:14%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:14%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:14%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;">Weighted-average shares outstanding — basic</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">340,251,459</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">320,381,058</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">330,652,571</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">296,574,416</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;">Effect of dilutive securities:</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;"></td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;">Stock options</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">3,394,385</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;">Warrants</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">1,018,816</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;">Weighted-average shares outstanding — diluted</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">344,664,661</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">320,381,058</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">330,652,571</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">296,574,416</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;">Net loss per share:</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;"></td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;">Basic</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(0.02</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(0.02</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(0.08</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(0.04</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;">Diluted</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(0.02</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(0.02</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(0.08</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(0.04</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td></tr> </tbody></table> The following table presents potentially dilutive securities that were excluded from the calculation of diluted net loss per share for the three and six months ended June 30 because their inclusion would have been anti-dilutive: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:"Times New Roman";font-size:9pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:32%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td colspan="6" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:32%;">Three Months Ended June 30,</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td colspan="6" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:32%;">Six Months Ended June 30,</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td></tr> <tr class="finHeading" style="font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:32%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:15%;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:15%;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:15%;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:15%;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td></tr> <tr style="font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:32%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td></tr> <tr style="background-color:#cceeff;font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:32%;">Exercise of stock options</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">35,936,577</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">39,331,086</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">40,988,116</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">39,331,086</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td></tr> <tr style="background-color:#ffffff;font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:32%;">Conversion of convertible notes (related party)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">26,020,693</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">23,570,817</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">26,020,693</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">23,570,817</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td></tr> <tr style="background-color:#cceeff;font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:32%;">Exercise of warrants</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">3,115,590</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">5,216,158</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">5,216,158</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">5,216,158</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td></tr> <tr style="background-color:#ffffff;font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:32%;">Total</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">65,072,860</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 3px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">68,118,061</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 3px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">72,224,967</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 3px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">68,118,061</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 3px;width:1%;"></td></tr> </tbody></table> Foreign Currency Exchange (Losses) Gains As of June 30, 2026 and December 31, 2025, the Company had cash accounts denominated in Euros and Australian dollars, accounts payable that are denominated in Euros and Australian dollars, lease liabilities denominated in Euros, and accounts receivable denominated in Euros and Hungarian forint. These assets and liabilities have been remeasured into U.S. dollars at period-end exchange rates. Foreign currency exchange (loss) gain of $(683,434) and $1,285,261 for the three months ended June 30, 2026 and 2025, respectively, and $(281,024) and $1,159,493 for the six months ended June 30, 2026 and 2025, respectively, are included on the unaudited condensed consolidated statements of operations within other income (expense). Revenue Recognition In order for an arrangement to be considered a contract, it must be probable that the Company will collect the consideration to which it is entitled for goods or services to be transferred. The Company then assesses the goods or services promised within the contract to determine whether each promised good or service is a performance obligation. Performance obligations are promises in a contract to transfer a distinct good or service to the customer that (i) the customer can benefit from on its own or together with other readily available resources, and (ii) is separately identifiable from other promises in the contract. The Company determines the transaction price based on the amount of consideration the Company expects to receive for providing the promised goods or services in the contract. Consideration may be fixed, variable, or a combination of both. At contract inception for arrangements that include variable consideration, the Company estimates the probability and extent of consideration it expects to receive under the contract utilizing either the most likely amount method or expected amount method, whichever best estimates the amount expected to be received. The Company then considers any constraints on the variable consideration and includes in the transaction price variable consideration to the extent it is deemed probable that a significant reversal in the amount of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is subsequently resolved. The Company’s product revenue is derived from sales of both capital equipment and single use consumables used in iCMR-guided cardiac ablation procedures. Capital equipment includes the Company’s systems such as the Advantage-MR EP Recorder/Stimulator System and NorthStar Mapping System as well as related third party equipment, while consumables primarily comprise the Company’s catheters, including the Vision-MR Ablation Catheter and Vision-MR Diagnostic Catheter, and related accessories. For equipment and consumable product sales that contain a single performance obligation, the Company recognizes revenue when control is transferred to the customer. This occurs at a point in time when title to the goods and risk of loss transfers. The transaction price is based on invoice price, net of any variable consideration. When accounting for a contract that contains multiple performance obligations, the Company must develop judgmental assumptions to determine the estimated standalone selling price (“SSP”) for each performance obligation identified in the contract. The Company utilizes the observable SSP when available, which represents the price charged for the promised product or service when sold separately. When the SSP for the Company’s products or services are not directly observable, the Company determines the SSP using relevant information available and applies suitable estimation methods including, but not limited to, the cost-plus margin approach. The Company then allocates the transaction price to each performance obligation based on the relative SSP and recognizes as revenue the amount of the transaction price that is allocated to the respective performance obligation when (or as) control is transferred to the customer and the performance obligation is satisfied. Revenue from service contracts is recognized over the contract period on a straight-line basis, as the customer benefits from the services throughout the service contract period. Revenue is derived from both domestic and foreign countries. Sales tax and value added taxes in foreign jurisdictions that are collected from customers and remitted to governmental authorities are accounted for on a net basis and therefore are excluded from net sales. Product sales include shipment and handling fees charged to customers. Shipping and handling costs associated with outbound freight after control over a product has transferred to a customer are accounted for as a fulfillment cost and are included in cost of goods sold. As of June 30, 2026, $129,794 of a contract’s transaction price was allocated to an unsatisfied performance obligation. The Company expects to recognize the revenue related to this performance obligation during 2027. Royalties On June 1, 2012, the Company licensed certain intellectual property to a customer which included a royalty of 3% of product sales, subject to a minimum of $50,000 per year through 2028. The minimum guaranteed royalties were recognized upon the execution of the license agreement as these proceeds were not variable consideration. The remaining minimum royalty payments to be received, less the portion which represents future interest expected to be received within 12 months is included in Accounts receivable and the amounts expected to be received in future periods beyond 12 months are included in Accounts receivable, long term. Any royalties received in the future which are more than the minimum guaranteed royalty will be recognized when they are earned. Contract Liabilities In 2013, the Company licensed certain intellectual property to a customer in exchange for an upfront non-refundable license fee and milestone payments, which can total up to $7,000,000. The Company collected $6,000,000 of these milestone payments, including the non-refundable license fee, on or before October 2016. A total of $373,333 of this amount is deferred as of June 30, 2026 and December 31, 2025. The customer sold the portion of the business which held this license in May 2018, and the license has been assigned to the purchaser. The project is still on hold with no plans to work on final development during the next 12 months, and therefore, the contract liability is included in long-term liabilities on the unaudited condensed consolidated balance sheets as of June 30, 2026 and December 31, 2025. The Company invoices its customers for product revenue based on the billing schedules in its sales arrangements. Service contracts are billed in advance, prior to the services having been performed, and the associated deferred revenue is recognized over the term of the service contract period. Amounts received prior to satisfying the above revenue recognition criteria are recorded as contract liabilities on the unaudited condensed consolidated balance sheets, with the contract liabilities to be recognized beyond one year being classified as non-current contract liabilities. As of June 30, 2026 and December 31, 2025, the Company had total current and long-term contract liabilities of $1,116,132 and $1,119,788, respectively, of which $1,085,753 was included in long-term liabilities as of June 30, 2026 and December 31, 2025. As of June 30, 2026, the Company expects to recognize the balance included in long-term liabilities at an indeterminable time because a portion of the balance relates to milestone payments for a project that is currently on hold, as discussed above, while recognition of the remaining balance is contingent upon obtaining certain regulatory approvals. The decrease in contract liabilities is due to recognition of revenue for completion of performance obligations that were included in contract liabilities at the beginning of the period. The following table sets forth information related to the contract liabilities for the six months ended June 30: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;margin-left:0px;margin-right:auto;width:80%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:62%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td colspan="6" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px;width:36%;">Six Months Ended June 30,</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px 0px 1px;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:62%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px;width:17%;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px 0px 1px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px;width:17%;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px 0px 1px;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:62%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:62%;">Balance at January 1</td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:16%;">1,119,788</td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:16%;">1,158,052</td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:62%;">Decrease from revenue recognized for completion of performance obligations that were included in contract liabilities at the beginning of the period included in:</td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:62%;">Service revenue</td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:16%;">(22,501)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:16%;">(28,396)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:62%;">Increase for revenue deferred as the performance obligation has not been satisfied related to:</td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:62%;">Product revenue</td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:16%;">3,324</td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:16%;">-</td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:62%;">Service revenue</td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:Times New Roman;font-size:9pt;padding:0px;width:16%;">15,521</td><td style="border-bottom:1px solid #000000;font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:Times New Roman;font-size:9pt;padding:0px;width:16%;">3,159</td><td style="border-bottom:1px solid #000000;font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:62%;">Balance at June 30</td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px;width:16%;">1,116,132</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px 0px 3px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px;width:16%;">1,132,815</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px 0px 3px;width:1%;"> </td></tr> </tbody></table> Derivative Asset, Option Liabilities, and Warrant Liabilities The Capital Commitment Agreement (“Agreement”) with GEM Global Yield LLC SCS (“GGY”) (discussed further in Note 8) meets the definition of a derivative and was recorded upon issuance within other assets on the unaudited condensed consolidated balance sheets at fair value. The derivative asset is revalued at each balance sheet date, with changes in fair value recorded on the unaudited condensed consolidated statements of operations as other income (expense). The Company estimates the fair value of the asset using the Monte Carlo Simulation model. Also, in connection with the Agreement with GGY, the Company issued 5,700,000 options which were determined to qualify as liabilities in accordance with Accounting Standards Codification (“ASC”) 480-10, Distinguishing Liabilities from Equity and ASC 815-40, Derivatives and Hedging. Additionally, the Company issued warrants in connection with the equity raises in August and October 2023 (Note 9), where 2,100,568 warrants were determined to qualify as liabilities due to the exercise price being denominated in a currency other than the Company’s functional currency. The result of this accounting treatment is that the options and warrants are recorded upon issuance as liabilities on the unaudited condensed consolidated balance sheets at fair value and are revalued at each balance sheet date, with the change in fair value recorded on the unaudited condensed consolidated statements of operations as other income (expense). The Company estimates the fair value of the liabilities using the Black-Scholes pricing model. See Notes 8 and 9 for further details and assumptions used in the Black-Scholes pricing model and Monte Carlo Simulation model. Stock-Based Compensation The Company measures and records compensation expense using the applicable accounting guidance for share-based payments related to equity awards granted to directors and employees. The fair value of stock options, including performance awards, without a market condition is estimated at the date of grant, using the Black-Scholes option-pricing model. The fair value of stock options with a market condition is estimated at the date of grant using the Monte Carlo Simulation model. The Black-Scholes and Monte Carlo Simulation valuation models incorporate assumptions as to stock price volatility, the expected life of options or awards, a risk-free interest rate, and dividend yield. The Company’s policy is to account for forfeitures as they occur and compensation expense is recognized on a straight-line basis over the vesting period for awards with service and market conditions; for awards with performance conditions, expense is recognized over the requisite service period for awards for which the performance condition is considered probable of being achieved. Compensation expense is recognized for all awards over the vesting period to the extent the employees or directors meet the requisite service requirements, whether or not the award is ultimately exercised. Conversely, when an employee or director does not meet the requisite service requirements and forfeits the award prior to vesting, any compensation expense previously recognized for the award is reversed. See Note 9 for further details and assumptions used in the Black-Scholes pricing model. Fair Value Measurement ASC 820, Fair Value Measurements, (“ASC 820”) provides guidance on the development and disclosure of fair value measurements. Under this accounting guidance, fair value is defined as an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or a liability. The accounting guidance classifies fair value measurements in one of the following three categories for disclosure purposes: <table style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;height:auto;width:100%;"><tbody><tr style="background-color:#cceeff;"><td style="font-family:Times New Roman;font-size:9pt;padding:0px;vertical-align:top;width:3%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:Times New Roman;font-size:9pt;padding:0px;vertical-align:top;width:8%;">Level 1: </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;vertical-align:top;width:89%;">Quoted prices in active markets for identical assets or liabilities.</td></tr> <tr style="background-color:#ffffff;"><td style="font-family:Times New Roman;font-size:9pt;padding:0px;vertical-align:top;width:3%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:Times New Roman;font-size:9pt;padding:0px;vertical-align:top;width:8%;">Level 2: </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;vertical-align:top;width:89%;">Inputs other than Level 1 prices for similar assets or liabilities that are directly or indirectly observable in the marketplace.</td></tr> <tr style="background-color:#cceeff;"><td style="font-family:Times New Roman;font-size:9pt;padding:0px;vertical-align:top;width:3%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:Times New Roman;font-size:9pt;padding:0px;vertical-align:top;width:8%;">Level 3: </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;vertical-align:top;width:89%;">Unobservable inputs which are supported by little or no market activity and values determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant judgment or estimation.</td></tr> </tbody></table> The Company evaluates assets and liabilities subject to fair value measurements on a recurring basis to determine the appropriate level at which to classify them for each reporting period. This determination requires significant judgments to be made by the Company. The carrying value of financial assets and liabilities recorded at fair value is measured on a recurring or nonrecurring basis. Financial assets and liabilities measured on a non-recurring basis are those that are adjusted to fair value when a significant event occurs. The Company had no financial assets or liabilities carried and measured on a nonrecurring basis during the reporting periods. Financial assets and liabilities measured on a recurring basis are those that are adjusted to fair value each time a financial statement is prepared. The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis, based on the fair value hierarchy: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="14" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:54%;">As of June 30, 2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">Level 1</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">Level 2</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">Level 3</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">Total</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Current Liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Current portion of convertible notes (related party)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">33,186,900</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">33,186,900</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Option liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">4,286,736</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">4,286,736</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Total Current Liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">37,473,636</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">37,473,636</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Long-term Liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Warrant liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">2,256,802</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">2,256,802</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Total Long-term Liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">2,256,802</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">2,256,802</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="14" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:54%;">As of December 31, 2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr class="finHeading" style="font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">Level 1</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">Level 2</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">Level 3</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">Total</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr class="finHeading" style="font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Other Assets</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Derivative asset</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">56,243</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">56,243</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Total Other Assets</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">56,243</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">56,243</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Current Liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Current portion of convertible notes (related party)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">11,745,700</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">11,745,700</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Option liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">3,157,717</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">3,157,717</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Total Current Liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">14,903,417</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">14,903,417</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Long-term Liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Convertible notes, net of current portion (related party)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">13,268,500</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">13,268,500</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Warrant liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">1,828,677</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">1,828,677</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Total Long-term Liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">15,097,177</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">15,097,177</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> </tbody></table> The convertible notes (related party) (Note 7), the derivative asset and option liabilities (Note 8), and the warrant liabilities (Note 9) are recognized at fair value on a recurring basis at June 30, 2026 and December 31, 2025, and are all classified as Level 3. There have been no transfers between levels. The Company estimates the fair value of the asset or liabilities using the Monte Carlo Simulation model or Black-Scholes pricing model. See Notes 7, 8, and 9 for further details and assumptions used in the respective pricing model. As of June 30, 2026 and December 31, 2025, the recorded values of cash and cash equivalents, prepaid expenses, accounts payable, and accrued expenses and other liabilities approximate their fair values due to the short-term nature of these items. Bioscience Innovation Grant In August 2023, the Company received a $1,158,000 grant from the North Dakota Department of Agriculture as part of the department’s Bioscience Innovation Grant (“BIG") program. The grant money is obtained by submitting requests for reimbursement of specific expenses incurred to support the remaining approval process of the Company’s products in the US. The Company has elected to account for the reimbursement as a government grant. U.S. GAAP does not currently include grant accounting guidance that is in effect related to transfers of assets from governments to business entities, therefore, the Company has elected to follow the grant accounting model in International Accounting Standard (“IAS”) 20, Accounting for Government Grants and Disclosure of Government Assistance. In accordance with IAS 20, the Company cannot recognize any income from the grant until there is reasonable assurance (similar to the “probable” threshold in U.S. GAAP) that any conditions attached to the grant will be met and that the grant will be received. Once it is reasonably assured that the grant conditions will be met and that the grant will be received, grant income is recorded on a systematic basis over the periods in which the Company incurred the reimbursable expenses for which the grant is intended to compensate. Income from the grant can be presented as either other income or as a reduction in the expenses for which the grant was intended to compensate. The grant program ended on June 30, 2025. Income of $248,373 for the three months ended June 30, 2025, and $658,546 for the six months ended June 30, 2025, was included in government grant income on the unaudited condensed consolidated statements of operations. The Dutch Research and Development Act Grant In March 2026, the Company received a $34,814 grant from the Dutch Research and Development Act ("WBSO"). The WBSO provides compensation for a part of research and development wages and other costs through a reduction in payroll taxes. The Company has elected to account for the reimbursement as a government grant. U.S. GAAP does not currently include grant accounting guidance that is in effect related to transfers of assets from governments to business entities, therefore, the Company has elected to follow the grant accounting model in International Accounting Standard (“IAS”) 20, Accounting for Government Grants and Disclosure of Government Assistance. In accordance with IAS 20, the Company cannot recognize any income from the grant until there is reasonable assurance (similar to the “probable” threshold in U.S. GAAP) that any conditions attached to the grant will be met and that the grant will be received. Once it is reasonably assured that the grant conditions will be met and that the grant will be received, grant income is recorded on a systematic basis over the periods in which the Company incurred the reimbursable expenses for which the grant is intended to compensate. Income from the grant can be presented as either other income or as a reduction in the expenses for which the grant was intended to compensate. Income of $34,814 was included in government grant income on the unaudited condensed statements of operations for the three and six months ended June 30, 2026. Recently Adopted Accounting Pronouncements The Company considers the applicability and impact of all Accounting Standard Updates (“ASUs”). ASUs not discussed below were assessed and determined to be either not applicable or are expected to have minimal impact on the Company’s unaudited condensed consolidated financial statements and related notes. In July 2025, the Financial Accounting Standards Board (“FASB”) issued ASU 2025-05, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets, which provides a practical expedient for entities estimated expected credit losses on current accounts receivable and current contract assets arising from transactions under Topic 606. The practical expedient permits an entity to assume current conditions as of the balance sheet date that do not change for the remaining life of the current accounts receivable and current contract assets. The Company adopted this standard as of January 1, 2026, on a prospective basis and elected the practical expedient for all in scope current trade receivables and current contract assets. Adoption of the ASU did not have a material impact on the Company’s unaudited condensed consolidated financial statements. In November 2024, the FASB issued ASU 2024-04, Debt – Debt with Conversion and Other Options (Subtopic 470-20), which amends ASC 470-20 to clarify the circumstances in which an entity is required to account for a settlement of a debt instrument as an induced conversion. The Company adopted this standard as of January 1, 2026, prospectively. Adoption of the ASU did not have a material impact on the Company’s unaudited condensed consolidated financial statements. Recent Accounting Pronouncements In November 2024, the FASB issued ASU 2024-03, Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40). The amendment requires disaggregated disclosure of income statement expenses for public business entities (“PBEs”). The ASU does not change the expense captions an entity presents on the face of the income statement; rather, it requires disaggregation of certain expense captions into specified categories in disclosures within the footnotes to the financial statements. The standard is effective for fiscal years beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The Company is currently assessing the potential impact of adopting this new guidance on our unaudited condensed consolidated financial statements and related disclosures. In December 2025, the FASB issued ASU 2025-10, Government Grants (Topic 832): Accounting for Government Grants Received by Business Entities, which establishes recognition, measurement, and presentation guidance for government grants received by business entities, distinguishing between grants related to assets and grants related to income. The guidance requires a government grant to be recognized when it is probable that the entity will comply with the conditions of the grant and that the grant will be received. The standard is effective for fiscal years beginning after December 15, 2028, for public business entities, and after December 15, 2029, for all other entities, with early adoption permitted. The Company is currently assessing the potential impact of adopting this new guidance on our interim unaudited condensed consolidated financial statements and related disclosures. In December 2025, the FASB issued ASU 2025-11, Interim Reporting (Topic 270): Narrow-Scope Improvements, which clarifies interim disclosure requirements and the applicability of Topic 270, resulting in a consolidated list of all interim disclosures required by U.S. GAAP. The amendments include a disclosure principle that requires entities to disclose events since the end of the last annual reporting period that have a material impact on the entity. The standard is effective for interim periods within fiscal years beginning after December 15, 2027, for public business entities, and after December 15, 2028, for all other entities, with early adoption permitted. The Company is currently assessing the potential impact of adopting this new guidance on our interim unaudited condensed consolidated financial statements and related disclosures.

Nature of Operations and Basis of Presentation Imricor Medical Systems, Inc. is a U.S.-based medical device company that, along with its wholly-owned subsidiary incorporated in the Netherlands, Imricor B.V. (together, “Imricor” and the “Company”), seeks to address the current issues with traditional x-ray-guided ablation procedures through the development of magnetic resonance ("MR") imaging guided technology. Incorporated in the State of Delaware in 2006, the Company’s principal focus is the design, manufacturing, sale, and distribution of MR-compatible products for use in interventional cardiac magnetic resonance (“iCMR”) guided ablation procedures. Imricor’s technology utilizes an intellectual property (“IP”) portfolio that includes technology developed in-house, as well as IP originating from Johns Hopkins University, Koninklijke Philips N.V., and livetec Ingenieurbuero, GmbH. The Company is headquartered in Burnsville, Minnesota, where it has development and manufacturing facilities. The Company has prepared the accompanying unaudited condensed consolidated financial statements and notes in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information. Accordingly, they do not include all of the information and disclosures required by U.S. GAAP for complete financial statements. In the opinion of the Company’s management, the accompanying unaudited condensed consolidated financial statements reflect all adjustments, which include normal recurring adjustments, necessary to fairly present the Company’s unaudited condensed consolidated interim financial information. The accompanying unaudited condensed consolidated balance sheet at December 31, 2025 has been derived from the audited financial statements at that date but does not include all of the information and disclosures required by U.S. GAAP for annual financial statements. The results of operations for the interim periods are not necessarily indicative of the results to be expected for the full year. These unaudited condensed consolidated financial statements should be read in conjunction with the Company’s audited financial statements and notes thereto for the year ended December 31, 2025, as included in the Company's Registration Statement on Form 10-12G filed with the Securities and Exchange Commission (the “SEC”) on March 18, 2026, as amended by Amendment No. 1, filed on April 24, 2026, and Amendment No. 2, filed on May 15, 2026, and effective as of May 18, 2026. The unaudited condensed consolidated financial statements and notes include the accounts of Imricor Medical Systems, Inc. and its wholly-owned subsidiary, Imricor B.V. All intercompany transactions and balances have been eliminated in consolidation. The Company’s unaudited condensed consolidated financial statements and notes are presented in United States dollars, unless otherwise noted, which is also the functional currency.

Estimates The preparation of unaudited condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and Cash Equivalents Cash and cash equivalents consist of funds in depository accounts, money market funds, and time deposits. The Company considers cash invested in highly liquid financial instruments with original maturities of three months or less at the date of purchase to be cash equivalents. The Company holds cash with high quality financial institutions and, at times, such balances are in excess of federal insurance limits. Cash and cash equivalents consisted of the following: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;margin-left:0px;margin-right:auto;width:80%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">June 30,</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">December 31,</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Cash and cash equivalents</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Cash</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">5,665,948</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">1,637,496</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Money market funds</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">40,794,601</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">7,472,940</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Time deposits</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">14,078,598</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">10,391,912</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Total cash and cash equivalents</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">60,539,147</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">19,502,348</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> </tbody></table>

5665948

1637496

40794601

7472940

14078598

10391912

60539147

19502348

Marketable Securities The Company’s marketable securities consist of investments in U.S. Treasury bills with original maturities greater than three months from the date of purchase. These securities are classified as held-to-maturity debt securities because the Company has the positive intent and ability to hold them to maturity. Held-to-maturity securities are recorded at amortized cost, adjusted for any allowance for credit losses, with securities having remaining maturities of less than one year classified as current on the unaudited condensed consolidated balance sheets. The Company evaluates held-to-maturity securities for expected credit losses using a qualitative assessment methodology. As of June 30, 2026 and December 31, 2025, no allowance for credit losses was required. U.S. Treasury bills are backed by the full faith and credit of the U.S. government and are considered to have minimal credit risk. The Company excludes accrued interest from the amortized cost basis of held-to-maturity debt securities. Accrued interest totaled $59,111 and $117,949 as of June 30, 2026 and December 31, 2025, respectively. Accrued interest is included in prepaid expenses and other current assets on the unaudited condensed consolidated balance sheets. The Company recognizes interest income through accretion of the discount from the purchase price to par value over the holding period. Discount accretion is recognized in interest income on the unaudited condensed consolidated statements of operations. The following tables summarize the gross unrealized gains and losses related to the Company’s held-to-maturity marketable securities: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:27%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="14" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:71%;">As of June 30, 2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:27%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">Gross Unrealized</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">Gross Unrealized</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:27%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">Amortized Cost</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">Gains</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">(losses)</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">Fair Value</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:27%;">Marketable securities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:2%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:27%;">U.S. Treasury bills</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;">6,922,222</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;">56,550</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:2%;">$</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;">-</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;">6,978,772</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:27%;">Total marketable securities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;">6,922,222</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;">56,550</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:2%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;">-</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;">6,978,772</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:27%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="14" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:71%;">As of December 31, 2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr class="finHeading" style="font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:27%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">Gross Unrealized</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">Gross Unrealized</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr class="finHeading" style="font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:27%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">Amortized Cost</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">Gains</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">(losses)</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">Fair Value</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:#cceeff;font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:27%;">Marketable securities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:2%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:#ffffff;font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:27%;">U.S. Treasury bills</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;">21,277,609</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;">98,006</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:2%;">$</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;">-</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;">21,375,615</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:#cceeff;font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:27%;">Total marketable securities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;">21,277,609</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;">98,006</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:2%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;">-</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:15%;">21,375,615</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> </tbody></table> Fair value is measured using Level 2 inputs (prices for similar assets or liabilities that are directly or indirectly observable in the marketplace). All held-to-maturity U.S. Treasury bills had remaining maturities of less than one year as of June 30, 2026. Purchases and maturities of held-to-maturity securities are presented within cash flows from investing activities on the unaudited condensed consolidated statements of cash flows.

59111

117949

6922222

56550

6978772

6922222

56550

6978772

21277609

98006

21375615

21277609

98006

21375615

Accounts Receivable and Customer Concentrations Accounts receivable are unsecured, are recorded net of amounts expected for credit losses, and do not bear interest except if a revenue transaction has a significant financing component. The Company reviews the allowance for credit losses by considering factors such as historical experience and current economic conditions that may affect a customer’s ability to pay as of the balance sheet date. For current accounts receivable arising from revenue transactions, the Company assumes these factors do not change over the remaining life of the accounts receivable. Payment is generally due 30 days from the invoice date. When all collection efforts have been exhausted, the account is written off against the related allowance. To date the Company has not experienced any significant write-offs or significant deterioration of its accounts receivable aging, and therefore, no allowance for credit losses was considered necessary as of June 30, 2026 or December 31, 2025. As of June 30, 2026 and December 31, 2025, the Company had total current and long-term accounts receivable of $350,288 and $336,539, respectively, of which $95,673 was included in long-term accounts receivable as of both June 30, 2026 and December 31, 2025. Accounts receivable includes unbilled receivables of $45,757 as of both June 30, 2026 and December 31, 2025, which represents the current portion of minimum royalties due to the Company within the next 12 months from the respective balance sheet date. The long-term accounts receivable relates to minimum royalties due to the Company beyond 12 months from the respective balance sheet date. The following table sets forth information related to accounts receivable for the six months ended June 30: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;margin-left:0px;margin-right:auto;width:80%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="6" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Six Months Ended June 30,</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Balance at January 1</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">336,539</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">486,772</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Decrease from accounts receivable collected</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">(39,995</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">(149,102</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Increase for accounts receivable not yet collected</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">53,744</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">58,485</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Balance at June 30</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">350,288</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">396,155</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> </tbody></table> During the six months ended June 30, 2026, the Company had sales to 4 customers that individually accounted for 46%, 16%, 13%, and 10% of sales recognized for the period. During the six months ended June 30, 2025, the Company had sales to 2 customers that individually accounted for 53% and 32% of sales recognized for the period. As of June 30, 2026, the Company had accounts receivable from 3 customers that represented 61%, 18%, and 13% of the accounts receivable balance, compared to 3 customers that represented 65%, 19%, and 15% of the accounts receivable balance as of December 31, 2025.

350288

336539

95673

45757

336539

486772

-39995 -149102 53744 58485

350288

396155

0.46

0.16

0.13

0.10

0.53

0.32

0.61

0.18

0.13

0.65

0.19

0.15

Inventories Inventories are stated at the lower of cost or net realizable value, with cost determined on the first-in, first-out (“FIFO”) method. The establishment of allowances for excess and obsolete inventories is based on historical usage and estimated exposure on specific inventory items. Inventories consisted of the following: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;margin-left:0px;margin-right:auto;width:80%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">June 30,</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">December 31,</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Inventories - Current Portion</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Raw materials</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">298,834</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">292,566</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Work in process</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">211,260</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">103,215</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Finished goods</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">835,662</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">700,284</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Total Inventories - Current Portion</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">1,345,756</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">1,096,065</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Inventories - Long-term</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Raw materials</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">512,565</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">415,383</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:62%;">Finished goods</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:16%;">552,836</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:16%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Total Inventories - Long-term</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">1,065,401</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">415,383</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Total Inventories</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">2,411,157</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">1,511,448</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> </tbody></table> Raw materials include components used to manufacture the Company’s capital equipment and consumable products. Long-term inventories represent raw materials and finished goods that the Company does not expect to consume in production or sell within twelve months. The inventories currently classified as long-term are not subject to expiration. The Company utilizes significant estimates in determining the realizable value of its inventories, including the future revenue forecasts that will result in product sales. These estimates have a corresponding impact on the inventory values recorded as of June 30, 2026 and December 31, 2025. Management continually evaluates the likelihood of future sales based on current economic conditions, expiration timing of products, and product design changes prior to sale of product on hand. If actual conditions are less favorable than those the Company has projected, it may need to increase its reserves for excess and obsolete inventories. Any increases in the Company’s reserves will adversely impact its results of operations. The establishment of a reserve for excess and obsolete inventories establishes a new cost basis in the inventory. Future sales of inventory on hand at June 30, 2026 will result in recognition of cost of sales based on initial inventory costs, net of reserves taken for expected realization values. For the three months ended June 30, 2026 and 2025, the Company recorded inventory reserve expense of $213,758 and $214,719, respectively. For the six months ended June 30, 2026 and 2025, the Company recorded inventory reserve expense of $269,566 and $214,719, respectively.

298834

292566

211260

103215

835662

700284

1345756

1096065

512565 415383 552836 0

1065401

415383

2411157 1511448

213758

214719

269566

214719

Property and Equipment Property and equipment are stated at cost. Additions and improvements that extend the lives of assets are capitalized, while expenditures for repairs and maintenance are expensed as incurred. Depreciation is computed using the straight-line method over the estimated useful lives of the assets. Amortization of leasehold improvements is computed on a straight-line basis over the shorter of the estimated useful lives of the related assets or life of the lease. The standard estimated useful lives of property and equipment are as follows: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:"Times New Roman";font-size:9pt;text-indent:0px;height:auto;margin-left:0px;margin-right:auto;width:80%;"><tbody><tr style="background-color:rgb(204, 238, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:40%;">Office furniture and equipment (years)</td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:57%;">5</td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:40%;">Lab and production equipment (years)</td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:57%;">5</td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:40%;">Computer equipment (years)</td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:57%;">3 - 5</td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:40%;">MR scanner (years)</td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:57%;">7</td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:40%;">Leasehold improvements</td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td class="ck-editor__editable ck-editor__nested-editable" colspan="1" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:57%;">Lesser of useful life or remaining lease term</td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> </tbody></table> The Company reviews property and equipment and right-of-use (“ROU”) assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If the impairment tests indicate that the carrying value of the asset, or asset group, is greater than the expected undiscounted cash flows to be generated by such asset or asset group, further analysis is performed to determine the fair value of the asset or asset group. To the extent the fair value of the asset or asset group is less than its carrying value, an impairment loss is recognized equal to the amount the carrying value of the asset or asset group exceeds its fair value. The Company generally measures fair value by considering sale prices for similar assets or asset groups, or by discounting estimated future cash flows from such assets or asset groups using an appropriate discount rate. Considerable management judgment is necessary to estimate the fair value of assets or asset groups, and accordingly, actual results could vary significantly from such estimates. Assets to be disposed of would be reported at the lower of the carrying amount or fair value less costs to sell. To date, the Company has not recognized any impairment loss for property and equipment and ROU assets.

P5Y

P3Y

P5Y

P7Y

Leases At the inception of a contract, the Company determines whether the contract is or contains a lease based on all relevant facts and circumstances. Leases with a term greater than 12 months are recognized on the unaudited condensed consolidated balance sheets as ROU assets and corresponding current and non-current lease liabilities. Amounts expected to be paid within 12 months are classified as current lease liabilities, with the remainder classified as non-current lease liabilities. The Company has elected not to recognize leases with terms of 12 months or less on the unaudited condensed consolidated balance sheets. Lease payments for short-term leases are recognized as an expense on a straight-line basis over the lease term. The Company includes lease option extensions in the assessment of the lease arrangement when it is reasonably certain the option will be exercised. ROU assets and the corresponding lease liabilities are recorded based on the present value of lease payments to be made over the lease term. The discount rate used to calculate the present value is the rate implicit in the lease, or if not readily determinable, the Company’s incremental borrowing rate. The Company’s incremental borrowing rate is the rate of interest that the Company would have to pay to borrow on a collateralized basis over a similar term, an amount equal to the lease payments in a similar economic environment. Certain adjustments to the ROU asset may be required for items such as initial direct costs or incentives received. See Note 5 for additional disclosure on leases. For all asset classes of its leases, the Company has elected to account for the lease and non-lease components together for all classes of underlying assets.

Research and Development Costs The Company expenses research and development costs as incurred.

Other Assets Other assets on the unaudited condensed consolidated balance sheets include security deposits related to the Company’s operating leases, an equity investment, and a derivative asset. Other assets consisted of the following: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;width:80%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:62%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">June 30,</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">December 31,</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:62%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:62%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:62%;">Security deposit</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">41,097</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">60,488</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:62%;">Equity investment</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">69,560</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">69,560</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:62%;">Derivative asset</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">56,243</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:62%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">110,657</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">186,291</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> </tbody></table> The equity investment of $69,560 is held at cost. There have been no impairment losses or observable price changes recognized for the six months ended June 30, 2026 and 2025.

41097

60488

69560

56243

110657

186291

69560

Patents Expenditures for patent costs are charged to operations as incurred.

Income Taxes Income taxes are recorded under the liability method. Deferred income taxes are provided for temporary differences between financial reporting and tax bases of assets and liabilities. Deferred tax assets are reduced by a valuation allowance to the extent the realization of the related deferred tax asset is not assured. The Company recognizes the financial statement benefit of a tax position only after determining that the relevant tax authority would more likely than not sustain the position following an audit. For tax positions meeting the more-likely-than not threshold, the amount recognized in the unaudited condensed consolidated financial statements is the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement with the relevant tax authority.

Loss per Share Basic net loss per share is computed by dividing net loss by the weighted average number of common shares outstanding during the period. Diluted net loss per share is computed by dividing net loss by the weighted average number of common shares outstanding during the period, after taking into consideration the exercise and issuance of all potential common stock equivalents in computing the weighted-average number of common shares outstanding, unless their effect is anti-dilutive. Potentially dilutive securities include stock options and warrants, which are evaluated using the treasury stock method, and convertible notes, which are evaluated using the if-converted method. The following table presents the computation of basic and diluted net loss per share for the three and six months ended June 30: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:"Times New Roman";font-size:9pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td colspan="6" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;">Three Months Ended June 30,</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td colspan="6" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;">Six Months Ended June 30,</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:32%;">Net loss for basic calculation</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(7,381,761</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(7,795,322</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(25,138,772</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(13,141,353</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;">Adjustments for change in fair value of</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:32%;">option and warrant liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:14%;">(295,934</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:14%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:14%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:14%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:32%;">Net loss for diluted calculation</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:14%;">(7,677,695</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:14%;">(7,795,322</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:14%;">(25,138,772</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:14%;">(13,141,353</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;">)</td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:32%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:14%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:14%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:14%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:14%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;">Weighted-average shares outstanding — basic</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">340,251,459</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">320,381,058</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">330,652,571</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">296,574,416</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;">Effect of dilutive securities:</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;"></td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;">Stock options</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">3,394,385</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;">Warrants</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">1,018,816</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;">Weighted-average shares outstanding — diluted</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">344,664,661</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">320,381,058</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">330,652,571</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">296,574,416</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;">Net loss per share:</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;"></td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;">Basic</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(0.02</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(0.02</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(0.08</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(0.04</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;">Diluted</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(0.02</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(0.02</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(0.08</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(0.04</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td></tr> </tbody></table> The following table presents potentially dilutive securities that were excluded from the calculation of diluted net loss per share for the three and six months ended June 30 because their inclusion would have been anti-dilutive: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:"Times New Roman";font-size:9pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:32%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td colspan="6" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:32%;">Three Months Ended June 30,</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td colspan="6" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:32%;">Six Months Ended June 30,</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td></tr> <tr class="finHeading" style="font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:32%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:15%;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:15%;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:15%;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:15%;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td></tr> <tr style="font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:32%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td></tr> <tr style="background-color:#cceeff;font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:32%;">Exercise of stock options</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">35,936,577</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">39,331,086</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">40,988,116</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">39,331,086</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td></tr> <tr style="background-color:#ffffff;font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:32%;">Conversion of convertible notes (related party)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">26,020,693</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">23,570,817</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">26,020,693</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">23,570,817</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td></tr> <tr style="background-color:#cceeff;font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:32%;">Exercise of warrants</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">3,115,590</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">5,216,158</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">5,216,158</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">5,216,158</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td></tr> <tr style="background-color:#ffffff;font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:32%;">Total</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">65,072,860</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 3px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">68,118,061</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 3px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">72,224,967</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 3px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">68,118,061</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 3px;width:1%;"></td></tr> </tbody></table>

<table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:"Times New Roman";font-size:9pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td colspan="6" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;">Three Months Ended June 30,</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td colspan="6" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;">Six Months Ended June 30,</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:32%;">Net loss for basic calculation</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(7,381,761</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(7,795,322</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(25,138,772</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(13,141,353</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;">Adjustments for change in fair value of</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:32%;">option and warrant liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:14%;">(295,934</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:14%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:14%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:14%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:32%;">Net loss for diluted calculation</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:14%;">(7,677,695</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:14%;">(7,795,322</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:14%;">(25,138,772</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:14%;">(13,141,353</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;">)</td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:32%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:14%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:14%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:14%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:14%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;">Weighted-average shares outstanding — basic</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">340,251,459</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">320,381,058</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">330,652,571</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">296,574,416</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;">Effect of dilutive securities:</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;"></td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;">Stock options</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">3,394,385</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;">Warrants</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">1,018,816</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;">Weighted-average shares outstanding — diluted</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">344,664,661</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">320,381,058</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">330,652,571</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">296,574,416</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;">Net loss per share:</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;"></td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;">Basic</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(0.02</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(0.02</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(0.08</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(0.04</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;">Diluted</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(0.02</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(0.02</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(0.08</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:14%;">(0.04</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;">)</td></tr> </tbody></table>

-7381761

-7795322

-25138772

-13141353

-295934

-7677695

-7795322

-25138772

-13141353

340251459

320381058

330652571

296574416

3394385

1018816

344664661

320381058

330652571

296574416

-0.02

-0.08

-0.04

-0.02

-0.08

-0.04

35936577

39331086

40988116

39331086

26020693

23570817

26020693

23570817

3115590

5216158

65072860

68118061

72224967

68118061

Foreign Currency Exchange (Losses) Gains As of June 30, 2026 and December 31, 2025, the Company had cash accounts denominated in Euros and Australian dollars, accounts payable that are denominated in Euros and Australian dollars, lease liabilities denominated in Euros, and accounts receivable denominated in Euros and Hungarian forint. These assets and liabilities have been remeasured into U.S. dollars at period-end exchange rates. Foreign currency exchange (loss) gain of $(683,434) and $1,285,261 for the three months ended June 30, 2026 and 2025, respectively, and $(281,024) and $1,159,493 for the six months ended June 30, 2026 and 2025, respectively, are included on the unaudited condensed consolidated statements of operations within other income (expense).

-683434

1285261

-281024

1159493

Revenue Recognition In order for an arrangement to be considered a contract, it must be probable that the Company will collect the consideration to which it is entitled for goods or services to be transferred. The Company then assesses the goods or services promised within the contract to determine whether each promised good or service is a performance obligation. Performance obligations are promises in a contract to transfer a distinct good or service to the customer that (i) the customer can benefit from on its own or together with other readily available resources, and (ii) is separately identifiable from other promises in the contract. The Company determines the transaction price based on the amount of consideration the Company expects to receive for providing the promised goods or services in the contract. Consideration may be fixed, variable, or a combination of both. At contract inception for arrangements that include variable consideration, the Company estimates the probability and extent of consideration it expects to receive under the contract utilizing either the most likely amount method or expected amount method, whichever best estimates the amount expected to be received. The Company then considers any constraints on the variable consideration and includes in the transaction price variable consideration to the extent it is deemed probable that a significant reversal in the amount of cumulative revenue recognized will not occur when the uncertainty associated with the variable consideration is subsequently resolved. The Company’s product revenue is derived from sales of both capital equipment and single use consumables used in iCMR-guided cardiac ablation procedures. Capital equipment includes the Company’s systems such as the Advantage-MR EP Recorder/Stimulator System and NorthStar Mapping System as well as related third party equipment, while consumables primarily comprise the Company’s catheters, including the Vision-MR Ablation Catheter and Vision-MR Diagnostic Catheter, and related accessories. For equipment and consumable product sales that contain a single performance obligation, the Company recognizes revenue when control is transferred to the customer. This occurs at a point in time when title to the goods and risk of loss transfers. The transaction price is based on invoice price, net of any variable consideration. When accounting for a contract that contains multiple performance obligations, the Company must develop judgmental assumptions to determine the estimated standalone selling price (“SSP”) for each performance obligation identified in the contract. The Company utilizes the observable SSP when available, which represents the price charged for the promised product or service when sold separately. When the SSP for the Company’s products or services are not directly observable, the Company determines the SSP using relevant information available and applies suitable estimation methods including, but not limited to, the cost-plus margin approach. The Company then allocates the transaction price to each performance obligation based on the relative SSP and recognizes as revenue the amount of the transaction price that is allocated to the respective performance obligation when (or as) control is transferred to the customer and the performance obligation is satisfied. Revenue from service contracts is recognized over the contract period on a straight-line basis, as the customer benefits from the services throughout the service contract period. Revenue is derived from both domestic and foreign countries. Sales tax and value added taxes in foreign jurisdictions that are collected from customers and remitted to governmental authorities are accounted for on a net basis and therefore are excluded from net sales. Product sales include shipment and handling fees charged to customers. Shipping and handling costs associated with outbound freight after control over a product has transferred to a customer are accounted for as a fulfillment cost and are included in cost of goods sold. As of June 30, 2026, $129,794 of a contract’s transaction price was allocated to an unsatisfied performance obligation. The Company expects to recognize the revenue related to this performance obligation during 2027.

129794

Royalties On June 1, 2012, the Company licensed certain intellectual property to a customer which included a royalty of 3% of product sales, subject to a minimum of $50,000 per year through 2028. The minimum guaranteed royalties were recognized upon the execution of the license agreement as these proceeds were not variable consideration. The remaining minimum royalty payments to be received, less the portion which represents future interest expected to be received within 12 months is included in Accounts receivable and the amounts expected to be received in future periods beyond 12 months are included in Accounts receivable, long term. Any royalties received in the future which are more than the minimum guaranteed royalty will be recognized when they are earned. 0.03 50000 Contract Liabilities In 2013, the Company licensed certain intellectual property to a customer in exchange for an upfront non-refundable license fee and milestone payments, which can total up to $7,000,000. The Company collected $6,000,000 of these milestone payments, including the non-refundable license fee, on or before October 2016. A total of $373,333 of this amount is deferred as of June 30, 2026 and December 31, 2025. The customer sold the portion of the business which held this license in May 2018, and the license has been assigned to the purchaser. The project is still on hold with no plans to work on final development during the next 12 months, and therefore, the contract liability is included in long-term liabilities on the unaudited condensed consolidated balance sheets as of June 30, 2026 and December 31, 2025. The Company invoices its customers for product revenue based on the billing schedules in its sales arrangements. Service contracts are billed in advance, prior to the services having been performed, and the associated deferred revenue is recognized over the term of the service contract period. Amounts received prior to satisfying the above revenue recognition criteria are recorded as contract liabilities on the unaudited condensed consolidated balance sheets, with the contract liabilities to be recognized beyond one year being classified as non-current contract liabilities. As of June 30, 2026 and December 31, 2025, the Company had total current and long-term contract liabilities of $1,116,132 and $1,119,788, respectively, of which $1,085,753 was included in long-term liabilities as of June 30, 2026 and December 31, 2025. As of June 30, 2026, the Company expects to recognize the balance included in long-term liabilities at an indeterminable time because a portion of the balance relates to milestone payments for a project that is currently on hold, as discussed above, while recognition of the remaining balance is contingent upon obtaining certain regulatory approvals. The decrease in contract liabilities is due to recognition of revenue for completion of performance obligations that were included in contract liabilities at the beginning of the period. The following table sets forth information related to the contract liabilities for the six months ended June 30: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;margin-left:0px;margin-right:auto;width:80%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:62%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td colspan="6" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px;width:36%;">Six Months Ended June 30,</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px 0px 1px;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:62%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px;width:17%;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px 0px 1px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px;width:17%;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px 0px 1px;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:62%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:62%;">Balance at January 1</td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:16%;">1,119,788</td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:16%;">1,158,052</td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:62%;">Decrease from revenue recognized for completion of performance obligations that were included in contract liabilities at the beginning of the period included in:</td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:62%;">Service revenue</td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:16%;">(22,501)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:16%;">(28,396)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:62%;">Increase for revenue deferred as the performance obligation has not been satisfied related to:</td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:62%;">Product revenue</td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:16%;">3,324</td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:16%;">-</td><td style="font-family:Times New Roman;font-size:9pt;margin:0;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:62%;">Service revenue</td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:Times New Roman;font-size:9pt;padding:0px;width:16%;">15,521</td><td style="border-bottom:1px solid #000000;font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:Times New Roman;font-size:9pt;padding:0px;width:16%;">3,159</td><td style="border-bottom:1px solid #000000;font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:62%;">Balance at June 30</td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px;width:16%;">1,116,132</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px 0px 3px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px;width:16%;">1,132,815</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px 0px 3px;width:1%;"> </td></tr> </tbody></table> 7000000 6000000

373333

1116132

1119788

1085753

1119788

1158052

3324 0 15521 3159

1116132

1132815

Derivative Asset, Option Liabilities, and Warrant Liabilities The Capital Commitment Agreement (“Agreement”) with GEM Global Yield LLC SCS (“GGY”) (discussed further in Note 8) meets the definition of a derivative and was recorded upon issuance within other assets on the unaudited condensed consolidated balance sheets at fair value. The derivative asset is revalued at each balance sheet date, with changes in fair value recorded on the unaudited condensed consolidated statements of operations as other income (expense). The Company estimates the fair value of the asset using the Monte Carlo Simulation model. Also, in connection with the Agreement with GGY, the Company issued 5,700,000 options which were determined to qualify as liabilities in accordance with Accounting Standards Codification (“ASC”) 480-10, Distinguishing Liabilities from Equity and ASC 815-40, Derivatives and Hedging. Additionally, the Company issued warrants in connection with the equity raises in August and October 2023 (Note 9), where 2,100,568 warrants were determined to qualify as liabilities due to the exercise price being denominated in a currency other than the Company’s functional currency. The result of this accounting treatment is that the options and warrants are recorded upon issuance as liabilities on the unaudited condensed consolidated balance sheets at fair value and are revalued at each balance sheet date, with the change in fair value recorded on the unaudited condensed consolidated statements of operations as other income (expense). The Company estimates the fair value of the liabilities using the Black-Scholes pricing model. See Notes 8 and 9 for further details and assumptions used in the Black-Scholes pricing model and Monte Carlo Simulation model.

5700000

2100568

Stock-Based Compensation The Company measures and records compensation expense using the applicable accounting guidance for share-based payments related to equity awards granted to directors and employees. The fair value of stock options, including performance awards, without a market condition is estimated at the date of grant, using the Black-Scholes option-pricing model. The fair value of stock options with a market condition is estimated at the date of grant using the Monte Carlo Simulation model. The Black-Scholes and Monte Carlo Simulation valuation models incorporate assumptions as to stock price volatility, the expected life of options or awards, a risk-free interest rate, and dividend yield. The Company’s policy is to account for forfeitures as they occur and compensation expense is recognized on a straight-line basis over the vesting period for awards with service and market conditions; for awards with performance conditions, expense is recognized over the requisite service period for awards for which the performance condition is considered probable of being achieved. Compensation expense is recognized for all awards over the vesting period to the extent the employees or directors meet the requisite service requirements, whether or not the award is ultimately exercised. Conversely, when an employee or director does not meet the requisite service requirements and forfeits the award prior to vesting, any compensation expense previously recognized for the award is reversed. See Note 9 for further details and assumptions used in the Black-Scholes pricing model.

Fair Value Measurement ASC 820, Fair Value Measurements, (“ASC 820”) provides guidance on the development and disclosure of fair value measurements. Under this accounting guidance, fair value is defined as an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or a liability. The accounting guidance classifies fair value measurements in one of the following three categories for disclosure purposes: <table style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;height:auto;width:100%;"><tbody><tr style="background-color:#cceeff;"><td style="font-family:Times New Roman;font-size:9pt;padding:0px;vertical-align:top;width:3%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:Times New Roman;font-size:9pt;padding:0px;vertical-align:top;width:8%;">Level 1: </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;vertical-align:top;width:89%;">Quoted prices in active markets for identical assets or liabilities.</td></tr> <tr style="background-color:#ffffff;"><td style="font-family:Times New Roman;font-size:9pt;padding:0px;vertical-align:top;width:3%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:Times New Roman;font-size:9pt;padding:0px;vertical-align:top;width:8%;">Level 2: </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;vertical-align:top;width:89%;">Inputs other than Level 1 prices for similar assets or liabilities that are directly or indirectly observable in the marketplace.</td></tr> <tr style="background-color:#cceeff;"><td style="font-family:Times New Roman;font-size:9pt;padding:0px;vertical-align:top;width:3%;"> </td><td class="ck-editor__editable ck-editor__nested-editable" style="font-family:Times New Roman;font-size:9pt;padding:0px;vertical-align:top;width:8%;">Level 3: </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;vertical-align:top;width:89%;">Unobservable inputs which are supported by little or no market activity and values determined using pricing models, discounted cash flow methodologies, or similar techniques, as well as instruments for which the determination of fair value requires significant judgment or estimation.</td></tr> </tbody></table> The Company evaluates assets and liabilities subject to fair value measurements on a recurring basis to determine the appropriate level at which to classify them for each reporting period. This determination requires significant judgments to be made by the Company. The carrying value of financial assets and liabilities recorded at fair value is measured on a recurring or nonrecurring basis. Financial assets and liabilities measured on a non-recurring basis are those that are adjusted to fair value when a significant event occurs. The Company had no financial assets or liabilities carried and measured on a nonrecurring basis during the reporting periods. Financial assets and liabilities measured on a recurring basis are those that are adjusted to fair value each time a financial statement is prepared. The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis, based on the fair value hierarchy: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="14" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:54%;">As of June 30, 2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">Level 1</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">Level 2</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">Level 3</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">Total</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Current Liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Current portion of convertible notes (related party)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">33,186,900</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">33,186,900</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Option liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">4,286,736</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">4,286,736</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Total Current Liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">37,473,636</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">37,473,636</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Long-term Liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Warrant liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">2,256,802</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">2,256,802</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Total Long-term Liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">2,256,802</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">2,256,802</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="14" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:54%;">As of December 31, 2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr class="finHeading" style="font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">Level 1</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">Level 2</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">Level 3</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">Total</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr class="finHeading" style="font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Other Assets</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Derivative asset</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">56,243</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">56,243</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Total Other Assets</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">56,243</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">56,243</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Current Liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Current portion of convertible notes (related party)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">11,745,700</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">11,745,700</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Option liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">3,157,717</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">3,157,717</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Total Current Liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">14,903,417</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">14,903,417</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Long-term Liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Convertible notes, net of current portion (related party)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">13,268,500</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">13,268,500</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Warrant liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">1,828,677</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">1,828,677</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Total Long-term Liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">15,097,177</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">15,097,177</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> </tbody></table> The convertible notes (related party) (Note 7), the derivative asset and option liabilities (Note 8), and the warrant liabilities (Note 9) are recognized at fair value on a recurring basis at June 30, 2026 and December 31, 2025, and are all classified as Level 3. There have been no transfers between levels. The Company estimates the fair value of the asset or liabilities using the Monte Carlo Simulation model or Black-Scholes pricing model. See Notes 7, 8, and 9 for further details and assumptions used in the respective pricing model. As of June 30, 2026 and December 31, 2025, the recorded values of cash and cash equivalents, prepaid expenses, accounts payable, and accrued expenses and other liabilities approximate their fair values due to the short-term nature of these items.

<table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="14" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:54%;">As of June 30, 2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">Level 1</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">Level 2</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">Level 3</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">Total</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Current Liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Current portion of convertible notes (related party)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">33,186,900</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">33,186,900</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Option liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">4,286,736</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">4,286,736</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Total Current Liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">37,473,636</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">37,473,636</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Long-term Liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Warrant liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">2,256,802</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">2,256,802</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Total Long-term Liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">2,256,802</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">2,256,802</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="14" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:54%;">As of December 31, 2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr class="finHeading" style="font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">Level 1</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">Level 2</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">Level 3</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">Total</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr class="finHeading" style="font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Other Assets</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Derivative asset</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">56,243</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">56,243</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Total Other Assets</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">56,243</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">56,243</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Current Liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Current portion of convertible notes (related party)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">11,745,700</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">11,745,700</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Option liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">3,157,717</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">3,157,717</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Total Current Liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">14,903,417</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">14,903,417</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Long-term Liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Convertible notes, net of current portion (related party)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">13,268,500</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">13,268,500</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Warrant liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">1,828,677</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">1,828,677</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Total Long-term Liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">-</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">15,097,177</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">15,097,177</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> </tbody></table>

0 0 33186900 33186900

4286736

0 0 37473636 37473636

2256802

0 0 2256802 2256802

56243

0 0 11745700 11745700

3157717

0 0 14903417 14903417 0 0 13268500 13268500

1828677

0 0 15097177 15097177

Bioscience Innovation Grant In August 2023, the Company received a $1,158,000 grant from the North Dakota Department of Agriculture as part of the department’s Bioscience Innovation Grant (“BIG") program. The grant money is obtained by submitting requests for reimbursement of specific expenses incurred to support the remaining approval process of the Company’s products in the US. The Company has elected to account for the reimbursement as a government grant. U.S. GAAP does not currently include grant accounting guidance that is in effect related to transfers of assets from governments to business entities, therefore, the Company has elected to follow the grant accounting model in International Accounting Standard (“IAS”) 20, Accounting for Government Grants and Disclosure of Government Assistance. In accordance with IAS 20, the Company cannot recognize any income from the grant until there is reasonable assurance (similar to the “probable” threshold in U.S. GAAP) that any conditions attached to the grant will be met and that the grant will be received. Once it is reasonably assured that the grant conditions will be met and that the grant will be received, grant income is recorded on a systematic basis over the periods in which the Company incurred the reimbursable expenses for which the grant is intended to compensate. Income from the grant can be presented as either other income or as a reduction in the expenses for which the grant was intended to compensate. The grant program ended on June 30, 2025. Income of $248,373 for the three months ended June 30, 2025, and $658,546 for the six months ended June 30, 2025, was included in government grant income on the unaudited condensed consolidated statements of operations. The Dutch Research and Development Act Grant In March 2026, the Company received a $34,814 grant from the Dutch Research and Development Act ("WBSO"). The WBSO provides compensation for a part of research and development wages and other costs through a reduction in payroll taxes. The Company has elected to account for the reimbursement as a government grant. U.S. GAAP does not currently include grant accounting guidance that is in effect related to transfers of assets from governments to business entities, therefore, the Company has elected to follow the grant accounting model in International Accounting Standard (“IAS”) 20, Accounting for Government Grants and Disclosure of Government Assistance. In accordance with IAS 20, the Company cannot recognize any income from the grant until there is reasonable assurance (similar to the “probable” threshold in U.S. GAAP) that any conditions attached to the grant will be met and that the grant will be received. Once it is reasonably assured that the grant conditions will be met and that the grant will be received, grant income is recorded on a systematic basis over the periods in which the Company incurred the reimbursable expenses for which the grant is intended to compensate. Income from the grant can be presented as either other income or as a reduction in the expenses for which the grant was intended to compensate. Income of $34,814 was included in government grant income on the unaudited condensed statements of operations for the three and six months ended June 30, 2026.

1158000

248373

658546

34814

Recently Adopted Accounting Pronouncements The Company considers the applicability and impact of all Accounting Standard Updates (“ASUs”). ASUs not discussed below were assessed and determined to be either not applicable or are expected to have minimal impact on the Company’s unaudited condensed consolidated financial statements and related notes. In July 2025, the Financial Accounting Standards Board (“FASB”) issued ASU 2025-05, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets, which provides a practical expedient for entities estimated expected credit losses on current accounts receivable and current contract assets arising from transactions under Topic 606. The practical expedient permits an entity to assume current conditions as of the balance sheet date that do not change for the remaining life of the current accounts receivable and current contract assets. The Company adopted this standard as of January 1, 2026, on a prospective basis and elected the practical expedient for all in scope current trade receivables and current contract assets. Adoption of the ASU did not have a material impact on the Company’s unaudited condensed consolidated financial statements. In November 2024, the FASB issued ASU 2024-04, Debt – Debt with Conversion and Other Options (Subtopic 470-20), which amends ASC 470-20 to clarify the circumstances in which an entity is required to account for a settlement of a debt instrument as an induced conversion. The Company adopted this standard as of January 1, 2026, prospectively. Adoption of the ASU did not have a material impact on the Company’s unaudited condensed consolidated financial statements. Recent Accounting Pronouncements In November 2024, the FASB issued ASU 2024-03, Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40). The amendment requires disaggregated disclosure of income statement expenses for public business entities (“PBEs”). The ASU does not change the expense captions an entity presents on the face of the income statement; rather, it requires disaggregation of certain expense captions into specified categories in disclosures within the footnotes to the financial statements. The standard is effective for fiscal years beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The Company is currently assessing the potential impact of adopting this new guidance on our unaudited condensed consolidated financial statements and related disclosures. In December 2025, the FASB issued ASU 2025-10, Government Grants (Topic 832): Accounting for Government Grants Received by Business Entities, which establishes recognition, measurement, and presentation guidance for government grants received by business entities, distinguishing between grants related to assets and grants related to income. The guidance requires a government grant to be recognized when it is probable that the entity will comply with the conditions of the grant and that the grant will be received. The standard is effective for fiscal years beginning after December 15, 2028, for public business entities, and after December 15, 2029, for all other entities, with early adoption permitted. The Company is currently assessing the potential impact of adopting this new guidance on our interim unaudited condensed consolidated financial statements and related disclosures. In December 2025, the FASB issued ASU 2025-11, Interim Reporting (Topic 270): Narrow-Scope Improvements, which clarifies interim disclosure requirements and the applicability of Topic 270, resulting in a consolidated list of all interim disclosures required by U.S. GAAP. The amendments include a disclosure principle that requires entities to disclose events since the end of the last annual reporting period that have a material impact on the entity. The standard is effective for interim periods within fiscal years beginning after December 15, 2027, for public business entities, and after December 15, 2028, for all other entities, with early adoption permitted. The Company is currently assessing the potential impact of adopting this new guidance on our interim unaudited condensed consolidated financial statements and related disclosures.

-25138772

-14032058

29105091

530572

917553

1055957

702401

1586529

1619954

Note 4 – Property and Equipment Property and equipment consisted of the following: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;margin-left:0px;margin-right:auto;width:80%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:62%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">June 30,</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">December 31,</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:62%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:62%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:62%;">Office furniture and equipment</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">680,168</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">329,106</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:62%;">Lab and production equipment</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">3,029,386</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">2,563,189</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:62%;">Computer equipment</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">362,738</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">303,145</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:62%;">MR scanner</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">1,200,000</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">1,200,000</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:62%;">Leasehold improvements</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">1,641,837</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">1,641,837</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:62%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">6,914,129</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">6,037,277</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:62%;">Less: accumulated depreciation and amortization</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">(4,822,685</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">(4,498,817</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">)</td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:62%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">2,091,444</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">1,538,460</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> </tbody></table> Depreciation and amortization expense was $149,358 and $178,313 for the three months ended June 30, 2026 and 2025, respectively. Depreciation and amortization expense was $323,868 and $361,674 for the six months ended June 30, 2026 and 2025, respectively.

680168

329106

3029386

2563189

362738

303145

1200000

1641837

6914129

6037277

4822685

4498817

2091444

1538460

149358

178313

323868

361674

Note 5 – Leases Operating Leases As of June 30, 2026, remaining maturities of the Company’s operating lease liabilities are as follows for the years ended December 31: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;margin-left:0px;margin-right:auto;width:70%;"><tbody><tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">2026 (remaining)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">191,606</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">2027</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">263,764</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">2028</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">207,952</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">2029</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">182,569</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">2030</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">75,228</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">Total lease payments</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">921,119</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">Less: interest</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">(85,409</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">Present value of lease liabilities</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">835,710</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">Less: current portion</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">(311,678</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">Operating lease liability, net of current portion</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">524,032</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> </tbody></table> The cost components of the Company’s operating leases were as follows for the three and six months ended June 30: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="6" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:26%;">Three Months Ended June 30,</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="6" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:26%;">Six Months Ended June 30,</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Operating lease cost</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">79,625</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">69,999</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">157,287</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">132,029</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;">Variable lease cost</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">42,097</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">42,709</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">83,826</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">88,051</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:44%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">121,722</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">112,708</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">241,113</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:11%;">220,080</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> </tbody></table>

191606

263764

207952

182569

75228

921119

85409

835710

311678

524032

79625

69999

157287

132029

42097

42709

83826

88051

121722

112708

241113

220080

Note 6 – Commitments and Contingencies Vendor concentration The Company’s products include components that are manufactured and supplied by third parties. Certain components and products that meet the Company’s requirements are available only from a single supplier or a limited number of suppliers. This concentration creates potential for disruptions, which may include issues with availability of product components and pricing. Shortages of product components, quality control problems, production capacity constraints, or delays by suppliers could negatively affect the Company’s ability to meet its production goals, which in turn could have a material adverse effect on the Company’s business, financial condition, and results of operations. The Company believes that it will be able to source alternative suppliers or materials if required to do so. At June 30, 2026, the Company had accounts payable to a vendor that accounted for 32% of the total outstanding balance. For the year ended December 31, 2025, the Company had accounts payable to two vendors that each accounted for 12% of the total outstanding balance. Purchase Commitments At June 30, 2026 and December 31, 2025, the Company had $625,110 and $218,912, respectively, in outstanding firm purchase commitments for raw materials inventory and prototype components used in research and development activities. As of June 30, 2026, payment of the purchase commitments is expected to be made within one year. During the six months ended June 30, 2026 and 2025, the Company purchased $87,740 and $137,101, respectively, under firm purchase commitments outstanding at the beginning of the respective year. Retirement Plan The Company maintains retirement plans for its employees in which eligible employees can contribute a percentage of their compensation. During the three months ended June 30, 2026 and 2025, the Company contributed $117,204 and $70,044 to these plans, respectively. During the six months ended June 30, 2026 and 2025, the Company contributed $246,996 and $171,331 to these plans, respectively. Employment Agreements The Company has employment agreements with the CEO and certain senior executives of the Company. The agreements require severance of twelve and six months, respectively, of current annual salary and medical insurance in the event employment is terminated without cause.

0.32

0.12

625110

218912

87740

137101

117204

70044

246996

171331

0.05

5000000

2325000

0.10

77152

70139

153457

139506

929815

776358

2325000

0.2691 0.2563

12849949

12267749

2675000

88767

80697

168843

153494

977118

808275

2675000

14784350

13752944

1.25

1043699

907141

0.2563

25014200

11745700

13268500

8262600 3883500 4379100

33276800

15629200

17647600

-89900 -18700 -71200

33186900

15610500

17576400

19869700

9269900

10599800

304400 145900 158500

20174100

9415800

10758300

3590600 1712400 1878200

23764700

11128200

12636500

33186900

25014200

13268500

0.486

0.554

0.66

0.721

0.0392

0.0342

0.0343

1.276

1.021

0.2563

0.2691

0.2563

0.2691

127900

541200

Note 8 – Capital Commitments On July 6, 2023, the Company entered into a Capital Commitment Agreement (“Agreement”) with GEM Global Yield LLC SCS (“GGY”), under the terms of which GGY has agreed to provide the Company with up to $30 million Australian dollars through a Security Subscription Facility (the “Facility”) over a 3-year term. The Agreement allows the Company to draw down funds during the 3-year term by giving GGY 15 Australian Securities Exchange (“ASX”) trading days’ notice to subscribe for CDIs, subject to share lending arrangement(s) being in place. The number of CDIs which GGY may subscribe for is capped at 700% of the average daily number of CDIs traded on the ASX during the 15 trading days prior to the relevant drawdown notice, subject to certain adjustments. The subscription price of the CDIs to be issued to GGY is the higher of (i) 90% of the average closing bid price of the Company’s CDIs over the 15 consecutive trading days after the Company gives the drawdown notice, subject to certain adjustments; or (ii) a fixed floor price nominated by the Company in the drawdown notice. The Company controls the timing of drawdowns under the Facility and has no minimum drawdown obligation. The issue of CDIs to GGY pursuant to any drawdown notice will also be conditional on the Company having sufficient placement capacity under ASX Listing Rules 7.1 or 7.1A (as applicable) or obtaining any requisite securityholder approval for the issue. The Agreement meets the definition of a derivative in accordance with ASC 815 and is measured at fair value. Any changes in fair value of such instruments are recorded in other income (expense) on the unaudited condensed consolidated statements of operations. The following table provides a summary of the change in fair value of the derivate asset for the six months ended June 30: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:"Times New Roman";font-size:9pt;text-indent:0px;height:auto;margin-left:0px;margin-right:auto;width:70%;"><tbody><tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:85%;">Fair value at December 31, 2025</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">56,243</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:85%;">Fair value change in derivative asset</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:85%;">Fair value at March 31, 2026</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:12%;">56,243</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:85%;">Fair value change in derivative asset</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">(56,243</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:85%;">Fair value at June 30, 2026</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">-</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 3px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:85%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:85%;">Fair value at December 31, 2024</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">56,243</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:85%;">Fair value change in derivative asset</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:12%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:85%;">Fair value at March 31, 2025</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:12%;">56,243</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:85%;">Fair value change in derivative asset</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:12%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:85%;">Fair value at June 30, 2025</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:12%;">56,243</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 3px;width:1%;"> </td></tr> </tbody></table> As the Agreement approached its contractual expiration on July 6, 2026, and no further drawdowns were expected prior expiry, our fair‑value assessment as of June 30, 2026, resulted in the derivative asset being reduced to zero. The derivative asset’s fair value as of December 31, 2025, was calculated using the Monte Carlo Simulation model utilizing the following assumptions: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:"Times New Roman";font-size:9pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:80%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">December 31,</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:2%;"></td></tr> <tr class="finHeading" style="font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:80%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:2%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:80%;">Expected stock-price volatility</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">104.1</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:2%;">%</td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:80%;">Risk-free interest rate</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">4.0</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:2%;">%</td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:80%;">Stock price (in Australian dollars)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">0.5700</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:2%;"></td></tr> </tbody></table> Pursuant to the terms of the Agreement, the Company issued options to purchase 5,700,000 CDIs with an exercise price of $0.61 Australian dollars per CDI and a 3-year term. The following table provides a summary of activity related to the CDI options for the six months ended June 30: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;width:70%;"><tbody><tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">CDI options outstanding at December 31, 2025</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">5,051,539</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">Exercise of CDI options</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">CDI options outstanding at June 30, 2026</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">5,051,539</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">CDI options outstanding at December 31, 2024</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">5,700,000</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">Exercise of CDI options</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">(503,935</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">CDI options outstanding at June 30, 2025</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">5,196,065</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> </tbody></table> The following table provides a summary of the change in fair value of the CDI options for the six months ended June 30: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;width:70%;"><tbody><tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">Fair value at December 31, 2025</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">3,157,717</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">Fair value change in CDI options</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">1,328,555</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:81%;">Fair value at March 31, 2026</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:16%;">4,486,272</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:81%;">Fair value change in CDI options</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:16%;">(199,536</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;">)</td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">Fair value at June 30, 2026</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">4,286,736</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 3px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">Fair value at December 31, 2024</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">3,135,000</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">Exercise of CDI options</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">(293,143</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">Fair value change in CDI options</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">(24,031</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:81%;">Fair value at March 31, 2025</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:16%;">2,817,826</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:81%;">Fair value change in CDI options</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:16%;">182,298</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">Fair value at June 30, 2025</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">3,000,124</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 3px;width:1%;"> </td></tr> </tbody></table> As of June 30, 2026 and December 31, 2025, the fair values of the CDI options of $4,286,736 and $3,157,717, respectively, are classified as current liabilities on the unaudited condensed consolidated balance sheets. The CDI options’ fair value was calculated using the Black-Scholes option pricing model utilizing the following assumptions: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;width:80%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:60%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">June 30,</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:2%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">December 31,</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:2%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:60%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:2%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:2%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:60%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0;width:2%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0;width:2%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:60%;">Expected dividend yield</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:2%;">%</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:2%;">%</td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:60%;">Expected stock-price volatility</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">52.1</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:2%;">%</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">59.2</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:2%;">%</td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:60%;">Risk-free interest rate</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">4.55</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:2%;">%</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">3.97</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:2%;">%</td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:60%;">Stock price</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">1.2673</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:2%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">1.0240</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:2%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:60%;">Conversion price</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0.4190</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:2%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0.4083</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:2%;"> </td></tr> </tbody></table> The fair value of CDI options was determined using the Black-Scholes option pricing model with assumptions consistent in methodology to those used for stock options, except that the contractual life of the options is used as the expected term and volatility of the stock price is estimated based on the Company's own historical volatility. Since issuance, the Company has drawn $444,922 Australian dollars on the Facility, and $29,555,078 Australian dollars is available as of June 30, 2026. Converted to U.S. dollars using the exchange rate of $1 Australian dollar to $0.69 U.S. dollar as of June 30, 2026, these amounts are $305,617 and $20,301,383, respectively.

P3Y

7 0.90

56243

-0

56243

-0

56243

-0

56243

1.041

0.04

0.57

5700000

0.61

P3Y

5051539

-0

5051539

5700000

503935

5196065

3157717

1328555

4486272

-199536

4286736

3135000

293143

-24031

2817826

182298

3000124

4286736

3157717

0.521

0.592

0.0455

0.0397

1.2673

1.024

0.419

0.4083

444922

29555078

0.69

305617

20301383

Note 9 – Stockholders’ Equity Capital Stock Authorized As of June 30, 2026 and December 31, 2025, the Board of Directors of the Company had authorized 560,000,000 shares of capital stock, consisting of 535,000,000 shares of common stock and 25,000,000 shares of preferred stock. Common Stock The Australian Securities Exchange (“ASX”) uses an electronic system called CHESS for the clearance and settlement of trades on the ASX. The State of Delaware does not recognize the CHESS system of holding securities or electronic transfers of legal title to shares. To enable companies to have their securities cleared and settled electronically through CHESS, depositary instruments called CHESS Depositary Interests (“CDIs”) are issued. CDIs are units of beneficial ownership in shares and are traded in a manner similar to shares of Australian companies listed on the ASX. The legal title to the shares is held by a depositary, CHESS Depositary Nominees Pty Ltd (“CDN”), which is a wholly-owned subsidiary of the ASX, and is an approved general participant of ASX Settlement. One share of common stock is equivalent to one CDI. In February 2025, a total of 163,935 CDI options were exercised at $0.61 Australian dollars per share for total proceeds of $61,419, net of expenses. In March 2025, the Company completed an equity raise with Australian investors which consisted of 49,645,391 CDIs at $1.41 Australian dollars per share for proceeds of $42,827,577, net of expenses. In March 2025, a total of 340,000 CDI options were exercised at $0.61 Australian dollars per share for total proceeds of $130,842, net of expenses. In May 2026, the Company completed an equity raise with Australian and New Zealand investors which consisted of 32,432,433 CDIs at $1.85 Australian dollars per CDI for proceeds of $41,585,804, net of expenses. Dividend Rights Subject to the prior rights of holders of all classes of stock at the time outstanding having prior rights as to dividends, the holders of the common stock shall be entitled to receive, out of any assets of the Corporation legally available therefore, any dividends as may be declared from time to time by the Board of Directors. The right to such dividends shall not be cumulative, and no right shall accrue by reason of the fact that dividends are not declared in any prior period. Voting Rights The holder of each share of common stock shall have the right to one vote for each such share, and shall be entitled to notice of any stockholders’ meeting in accordance with the Bylaws of the Corporation, and shall be entitled to vote upon such matters and in such manner as may be provided by law. Stock Option Plans On February 14, 2019, the Board of Directors adopted, and our stockholders approved, the 2019 Equity Incentive Plan, reserving 11,418,500 shares of the Company’s common stock for the granting of incentive and nonqualified stock options, or other stock-based awards, to employees, directors, and consultants. On March 24, 2026, the Board of Directors adopted, and on May 7, 2026, our stockholders approved, the Amended and Restated 2019 Equity Incentive Plan (the "2019 Plan") increasing the number of shares of the Company’s common stock reserved for issuance to 45,150,000. Under the 2019 Plan, on the first day of each of the Company’s fiscal years beginning in 2020, the number of shares of Common Stock available for issuance from time to time under the 2019 Plan automatically will be increased by an amount equal to the lesser of (i) five percent (5%) of the aggregate number of shares reserved under this Plan on the last day of the immediately preceding fiscal year, and (ii) such number of shares determined by the Board (the “Annual Increase”). The maximum aggregate number of shares that may be issued upon the exercise of ISOs under the 2019 Plan may not exceed the initial limit cumulatively increased on each January 1 beginning in 2020 by the lesser of the Annual Increase for such year or 3,000,000 shares, unless the increase is approved by our stockholders. Certain increases to the share reserve have historically received stockholder approval in connection with the Company’s annual meeting. As of June 30, 2026, the cumulative number of shares authorized for issuance under the 2019 Plan is 45,150,000 shares, of which 2,940,887 shares remained available for future issuance. Options are granted at a price equal to the closing sale price of a CDI as of the date of grant, converted from Australian dollars to U.S. dollars using the prevailing exchange rate. Generally, vesting terms of outstanding options range from immediate to four years. In addition, some options have been issued to the management team that vest upon completion of certain milestones and performance requirements; as of June 30, 2026, 26,393,261 of these options are issued and outstanding. For these performance-based awards, expense is recognized over the requisite service period when it is probable the performance condition will be achieved. If at any point the Company determines that the performance condition is improbable, any previously recognized expense is reversed. Adjustments for forfeitures are recorded as they occur. In no event are the options exercisable for more than ten years after the date of grant. The Company issues new shares of common stock when stock options are exercised. The following provides a summary of activity related to the Company’s stock options for the six months ended June 30: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:"Times New Roman";font-size:9pt;text-indent:0px;height:auto;margin-left:0px;margin-right:auto;width:80%;"><tbody><tr class="finHeading" style="font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:43%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:16%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Weighted-Average</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Aggregate</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td></tr> <tr class="finHeading" style="font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:43%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Number of</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Exercise</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Intrinsic</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td></tr> <tr class="finHeading" style="font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:43%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Option Shares</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Price</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Value</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td></tr> <tr class="finHeading" style="font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:43%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:16%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:16%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:16%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:43%;">Options outstanding - December 31, 2025</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">33,907,621</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0.58</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:16%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:43%;">Exercised</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:16%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:43%;">Forfeited</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">(30,000</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0.96</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:16%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:43%;">Expired</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:16%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:43%;">Granted</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">2,058,956</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">1.28</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:16%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px 0px 1px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:43%;">Options outstanding - June 30, 2026</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">35,936,577</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0.62</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">23,375,510</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:43%;">Options exercisable - June 30, 2026</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">9,299,537</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0.61</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">6,242,495</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:43%;">Weighted average fair value of options granted during the six months ended June 30, 2026</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px 0px 1px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">0.94</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px 0px 1px;width:1%;"></td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;margin-left:0px;margin-right:auto;width:80%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:43%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Weighted-Average</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Aggregate</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:43%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Number of</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Exercise</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Intrinsic</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:43%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Option Shares</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Price</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Value</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:43%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:43%;">Options outstanding - December 31, 2024</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">25,555,170</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0.42</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:43%;">Exercised</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">-</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">-</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:43%;">Forfeited</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">-</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">-</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:43%;">Expired</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">(19,100</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0.74</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:43%;">Granted</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px;width:16%;">8,598,951</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px;width:16%;">1.06</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:43%;">Options outstanding - June 30, 2025</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">34,135,021</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0.58</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">15,648,824</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:43%;">Options exercisable - June 30, 2025</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">6,746,966</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0.66</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">2,627,793</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:43%;">Weighted average fair value of options granted during the six months ended June 30, 2025</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0.82</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0;width:1%;"> </td></tr> </tbody></table> The weighted average remaining contractual life of options outstanding and exercisable was 7.04 and 4.94 years, respectively, as of June 30, 2026. The fair value of option awards granted was determined using the Black-Scholes option pricing model utilizing the following assumptions: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:"Times New Roman";font-size:9pt;text-indent:0px;height:auto;margin-left:0px;margin-right:auto;width:80%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:60%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td colspan="6" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:37%;">Six Months Ended June 30,</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:2%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:60%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:2%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:2%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:60%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:2%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:2%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:60%;">Expected life (years)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">5.83 - 6.25</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:2%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">5.32 - 6.82</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:2%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:60%;">Expected stock-price volatility</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">82.9 - 84.8</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:2%;">%</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">86.0 - 88.0</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:2%;">%</td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:60%;">Risk-free interest rate</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">3.88 - 4.35</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:2%;">%</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">4.14 - 4.38</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:2%;">%</td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:60%;">Expected dividend yield</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:2%;">%</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:2%;">%</td></tr> </tbody></table> The Company reviews its current assumptions on a periodic basis and adjusts them as necessary to determine the option valuation. The expected term reflects our estimate of the period over which the stock options will remain outstanding before exercise or expiration. As we do not have sufficient historical exercise data to provide a reasonable basis upon which to estimate the expected term, the expected term of stock option awards granted has been determined using the simplified method, which is the average of the weighted-average vesting period and the contractual term. Volatility is based on the Company’s own historical volatility as well as historic volatilities of traded shares from a selected publicly traded peer group, believed to be comparable after consideration of size, maturity, profitability, growth, risk and return on investment. The risk-free interest rate is based on the yield of constant maturity U.S. treasury bonds with a remaining term equal to the expected life of the awards at the grant date. The expected dividend yield is zero, as the Company has not paid or declared any dividends to common stockholders and does not expect to pay dividends in the foreseeable future. The Company’s policy is to account for forfeitures as they occur and records stock-based compensation expense only for those awards that are expected to vest. The following table summarizes stock-based compensation expense related to options recognized in the Company’s unaudited condensed consolidated statements of operations for the three and six months ended June 30: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="6" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:30%;">Three Months Ended June 30,</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="6" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:30%;">Six Months Ended June 30,</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:14%;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:14%;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:14%;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:14%;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Cost of goods sold</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">8,485</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">7,427</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">66,604</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">13,583</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Sales and marketing</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">19,583</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">30,600</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">125,029</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">52,337</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Research and development</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">57,691</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">39,061</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">373,831</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">73,635</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">General and administrative</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">30,563</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">62,054</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">479,761</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">108,488</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">116,322</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">139,142</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">1,045,225</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">248,043</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> </tbody></table> In January 2026, the Company received 510(k) clearance under the premarket notification process from the United States Food and Drug Administration (“FDA”) for its Vision-MR Diagnostic Catheter and its NorthStar Mapping System. These clearances caused the related performance conditions to be satisfied and 2,088,721 performance based stock options to vest. The Company recognized $772,649 of additional stock-based compensation expense during the six months ended June 30, 2026 in connection with these awards. No income tax benefits were recognized in the accompanying unaudited condensed consolidated statements of operations related to this compensation expense due to the full valuation allowance provided on the Company’s deferred income tax assets. As of June 30, 2026, the total unrecognized compensation cost related to unvested stock options then outstanding was $11,832,779. Future stock-based compensation expense is expected to be as follows for the years ending December 31: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;margin-left:0px;margin-right:auto;width:70%;"><tbody><tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">2026 (remaining)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">295,037</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">2027</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">503,103</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">2028</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">299,152</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">2029</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">172,696</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">2030</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">41,184</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">Total related to options expected to vest</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">1,311,172</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">Performance grants not probable of achievement</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">10,521,607</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">Total unrecognized compensation expense</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">11,832,779</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> </tbody></table> The performance grants not probable of achievement are generally related to the receipt of regulatory approvals or sales milestones predicated on the receipt of regulatory approvals not yet received. Under current U.S. GAAP, these milestones are generally not considered probable until the regulatory approval is obtained. Issuance of additional options subsequent to June 30, 2026 could affect future expected amounts. Restricted Stock On May 14, 2025, the Company granted 121,260 shares of restricted stock to its three independent board directors. The restricted stock vests annually on the anniversary of the grant date, provided that the participant continuously provides services to the Company through the applicable vesting date. The fair market value on the date of grant was $1.07 per share. On May 8, 2026, the Company granted 111,497 shares of restricted stock to its four independent board directors. The restricted stock vests annually on the anniversary of the grant date, provided that the participant continuously provides services to the Company through the applicable vesting date. The fair market value on the date of grant was $1.29 per share. The following provides a summary of activity related to time-based nonvested restricted stock grants for the six months ended June 30: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:"Times New Roman";font-size:9pt;text-indent:0px;height:auto;margin-left:0px;margin-right:auto;width:80%;"><tbody><tr class="finHeading" style="font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:62%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:16%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Weighted Average</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td></tr> <tr class="finHeading" style="font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:62%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Nonvested</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Grant Date</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td></tr> <tr class="finHeading" style="font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:62%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Restricted Shares</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Fair Value</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td></tr> <tr class="finHeading" style="font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:62%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:16%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:16%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:62%;">Outstanding as of December 31, 2025</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">696,838</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0.39</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:62%;">Granted</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">111,497</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">1.29</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:62%;">Vested</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">(315,898</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0.32</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:62%;">Forfeited</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">-</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">-</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding-bottom:1px;padding-left:0;padding-right:0;padding-top:0;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:62%;">Outstanding as of June 30, 2026</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">492,437</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 3px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0.64</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 3px;width:1%;"></td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;margin-left:0px;margin-right:auto;width:80%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:62%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Weighted Average</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:62%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Nonvested</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Grant Date</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:62%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Restricted Shares</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Fair Value</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:62%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:62%;">Outstanding as of December 31, 2024</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">861,161</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0.25</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:62%;">Granted</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">121,260</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">1.07</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:62%;">Vested</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">(285,583</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0.34</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:62%;">Forfeited</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:62%;">Outstanding as of June 30, 2025</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">696,838</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0.39</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> </tbody></table> Total stock-based compensation expense resulting from grants of restricted stock was $27,820 and $21,586 for the three months ended June 30, 2026 and 2025, respectively, and $52,979 and $38,752 for the six months ended June 30, 2026 and 2025, respectively, and is included in general and administrative expenses on the unaudited condensed consolidated statements of operations. No income tax benefits were recognized in the accompanying unaudited condensed consolidated statements of operations related to this compensation expense due to the full valuation allowance provided on the Company’s deferred income tax assets. As of June 30, 2026, the total unrecognized compensation cost related to unvested restricted stock was $297,391. Future stock-based compensation expense is expected to be as follows for the years ended December 31: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;margin-left:0px;margin-right:auto;width:70%;"><tbody><tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">2026 (remaining)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">58,973</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">2027</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">100,983</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">2028</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">77,248</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">2029</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">47,723</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:81%;">2030</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:16%;">12,464</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">Total</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">297,391</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> </tbody></table> Issuance of additional shares of restricted stock subsequent to June 30, 2026 could affect future expected amounts. Warrants As part of the convertible notes (related party) issuances in 2022 and 2023 and the equity raises in 2023, the Company issued warrants to purchase common stock or CDIs which are summarized below for the six months ended June 30: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;margin-left:0px;margin-right:auto;width:80%;"><tbody><tr class="finHeading" style="font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:62%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Number of</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Weighted-Average</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td></tr> <tr class="finHeading" style="font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:62%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Warrants</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Exercise Price</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td></tr> <tr class="finHeading" style="font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:62%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"></td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"></td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:62%;">Warrants outstanding - December 31, 2025</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">5,216,158</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0.4742</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:62%;">Warrants issued</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">-</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">-</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:62%;">Warrants exercised</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">-</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">-</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:62%;">Warrants expired/forfeited</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:62%;">Warrants outstanding - June 30, 2026</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">5,216,158</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0.4742</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:62%;">Warrants exercisable - June 30, 2026</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">5,216,158</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0.4742</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;margin-left:0px;margin-right:auto;width:80%;"><tbody><tr class="finHeading" style="font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">Number of</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">Weighted-Average</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr class="finHeading" style="font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">Warrants</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">Exercise Price</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr class="finHeading" style="font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Warrants outstanding - December 31, 2024</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">5,216,158</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">0.4742</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Warrants issued</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Warrants exercised</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Warrants expired/forfeited</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Warrants outstanding - June 30, 2025</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">5,216,158</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">0.4742</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Warrants exercisable - June 30, 2025</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">5,216,158</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">0.4742</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> </tbody></table> The warrants issued in connection with the equity raises were evaluated under ASC 480 and ASC 815. Of the 3,265,318 warrants issued in connection with the equity raises, 2,100,568 were determined to qualify as liabilities due to the exercise price being denominated in a currency other than the Company’s functional currency, while the remaining 1,164,750 do not meet the characteristics for liability classification under either provision and as such are classified as equity under ASC 815. The warrants expire ten years after the dates of issuance. In addition, the Company has 1,950,840 warrants outstanding that were issued in connection with the convertible notes (related party) issuances, which are classified as equity under ASC 815. See Note 7 for further details. Any subsequent changes in fair value of warrants classified as a liability have been recorded in change in fair value of warrant liabilities on the unaudited condensed consolidated statements of operations. The following table provides a summary of change in fair value of the warrants classified as a liability for the six months ended June 30: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;margin-left:0px;margin-right:auto;width:70%;"><tbody><tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">Fair value at December 31, 2025</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">1,828,677</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">Fair value change in warrants</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">524,523</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:81%;">Fair value at March 31, 2026</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:16%;">2,353,200</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:81%;">Fair value change in warrants</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:16%;">(96,398</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;">)</td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">Fair value at June 30, 2026</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">2,256,802</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;margin-left:0px;margin-right:auto;width:70%;"><tbody><tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">Fair value at December 31, 2024</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">1,532,067</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">Fair value change in warrants</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">35,683</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:81%;">Fair value at March 31, 2025</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:16%;">1,567,750</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:81%;">Fair value change in warrants</td><td style="font-family:"Times New Roman";font-size:9pt;margin:0;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:16%;">226,249</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin:0px;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:81%;">Fair value at June 30, 2025</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">1,793,999</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> </tbody></table> As of June 30, 2026 and December 31, 2025, the fair value of the warrants of $2,256,802 and $1,828,677, respectively, are classified as long-term warrant liabilities on the unaudited condensed consolidated balance sheets. The fair value of the warrants was determined using the Black-Scholes option pricing model utilizing the following assumptions: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:"Times New Roman";font-size:9pt;text-indent:0px;height:auto;margin-left:0px;margin-right:auto;width:80%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:53%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:21%;">June 30,</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:2%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:21%;">December 31,</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:53%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:21%;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:2%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:21%;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:53%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:2%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:19%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:2%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:2%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:19%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:53%;">Expected dividend yield</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:2%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:19%;">0</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:2%;">%</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:2%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:19%;">0</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">%</td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:53%;">Expected stock-price volatility</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:2%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:19%;">82.8 - 82.9</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:2%;">%</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:2%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:19%;">85.3 - 85.5</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">%</td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:53%;">Risk-free interest rate</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:2%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:19%;">4.58</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:2%;">%</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:2%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:19%;">4.60</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">%</td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:53%;">Stock price</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:2%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:19%;">1.2673</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:2%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:2%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:19%;">1.0240</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:53%;">Conversion price</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:2%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:19%;">0.6526 - 0.6869</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:2%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:2%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:19%;">0.6358 - 0.6693</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"> </td></tr> </tbody></table> The fair value of warrants was determined using the Black-Scholes option pricing model with assumptions consistent in methodology to those used for stock options, except that the contractual life of the warrant is used as the expected term.

560000000

535000000

25000000

163935

0.61

61419

49645391

1.41

42827577

340000

0.61

130842

32432433

1.85

41585804

11418500

45150000

0.05 3000000

45150000

2940887

26393261

<table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:"Times New Roman";font-size:9pt;text-indent:0px;height:auto;margin-left:0px;margin-right:auto;width:80%;"><tbody><tr class="finHeading" style="font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:43%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:16%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Weighted-Average</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Aggregate</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td></tr> <tr class="finHeading" style="font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:43%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Number of</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Exercise</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Intrinsic</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td></tr> <tr class="finHeading" style="font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:43%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Option Shares</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Price</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Value</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td></tr> <tr class="finHeading" style="font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:43%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:16%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:16%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:16%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:43%;">Options outstanding - December 31, 2025</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">33,907,621</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0.58</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:16%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:43%;">Exercised</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:16%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:43%;">Forfeited</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">(30,000</td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0.96</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:16%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:43%;">Expired</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:16%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:43%;">Granted</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">2,058,956</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">1.28</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:16%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px 0px 1px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:43%;">Options outstanding - June 30, 2026</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">35,936,577</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0.62</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">23,375,510</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:43%;">Options exercisable - June 30, 2026</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">9,299,537</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0.61</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">6,242,495</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:"Times New Roman";font-size:10pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:43%;">Weighted average fair value of options granted during the six months ended June 30, 2026</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px 0px 1px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">0.94</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px 0px 1px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px 0px 1px;width:1%;"></td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;margin-left:0px;margin-right:auto;width:80%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:43%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Weighted-Average</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Aggregate</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:43%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Number of</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Exercise</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Intrinsic</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:43%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Option Shares</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Price</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Value</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:43%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:43%;">Options outstanding - December 31, 2024</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">25,555,170</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0.42</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:43%;">Exercised</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">-</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">-</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:43%;">Forfeited</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">-</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">-</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:43%;">Expired</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">(19,100</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">)</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0.74</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:43%;">Granted</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px;width:16%;">8,598,951</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px;width:16%;">1.06</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:43%;">Options outstanding - June 30, 2025</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">34,135,021</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0.58</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">15,648,824</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:43%;">Options exercisable - June 30, 2025</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">6,746,966</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0.66</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">2,627,793</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:43%;">Weighted average fair value of options granted during the six months ended June 30, 2025</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0.82</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"> </td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"> </td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0;width:1%;"> </td></tr> </tbody></table>

33907621

0.58

-0

30000

0.96

-0

2058956

1.28

35936577

0.62

23375510

9299537

0.61

6242495

0.94

25555170

0.42

-0

19100

0.74

8598951

1.06

34135021

0.58

15648824

6746966

0.66

2627793

0.82

P7Y14D

P4Y11M8D

P5Y9M29D

P6Y3M

P5Y3M25D

P6Y9M25D

0.829

0.848

0.86

0.88

0.0388

0.0435

0.0414

0.0438

8485

7427

66604

13583

19583

30600

125029

52337

57691

39061

373831

73635

30563

62054

479761

108488

116322

139142

1045225

248043

2088721

772649

11832779

121260

1.07

111497

1.29

696838

0.39

111497

1.29

315898

0.32

492437

0.64

861161

0.25

121260

1.07

285583

0.34

696838

0.39

27820

21586

52979

38752

297391

58973 100983 77248 47723 12464

297391

<table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;margin-left:0px;margin-right:auto;width:80%;"><tbody><tr class="finHeading" style="font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:62%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Number of</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Weighted-Average</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td></tr> <tr class="finHeading" style="font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:62%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Warrants</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:17%;">Exercise Price</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td></tr> <tr class="finHeading" style="font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:62%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"></td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:16%;"></td><td style="font-family:Times New Roman;font-size:9pt;margin-left:0pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:62%;">Warrants outstanding - December 31, 2025</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">5,216,158</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0.4742</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:62%;">Warrants issued</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">-</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">-</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:62%;">Warrants exercised</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">-</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">-</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:62%;">Warrants expired/forfeited</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:62%;">Warrants outstanding - June 30, 2026</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">5,216,158</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0.4742</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:62%;">Warrants exercisable - June 30, 2026</td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">5,216,158</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding-bottom:0;padding-left:0px;padding-right:0;padding-top:0;width:16%;">0.4742</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:Times New Roman;font-size:9pt;padding:0;width:1%;"></td></tr> </tbody></table> <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;margin-left:0px;margin-right:auto;width:80%;"><tbody><tr class="finHeading" style="font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">Number of</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">Weighted-Average</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr class="finHeading" style="font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">Warrants</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">Exercise Price</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr class="finHeading" style="font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;"></td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Warrants outstanding - December 31, 2024</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">5,216,158</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">0.4742</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Warrants issued</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Warrants exercised</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">-</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Warrants expired/forfeited</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">-</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Warrants outstanding - June 30, 2025</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">5,216,158</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">0.4742</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);font-family:Arial;font-size:9pt;vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Warrants exercisable - June 30, 2025</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">5,216,158</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">0.4742</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"></td></tr> </tbody></table>

5216158

0.4742

0 0 0 0 0 0

5216158

0.4742

5216158 0.4742

5216158

0.4742

0 0 0 0 0 0

5216158

0.4742

5216158 0.4742 3265318 2100568 1164750

1950840

1828677

524523

2353200

-96398

2256802

1532067

35683

1567750

226249

1793999

2256802

1828677

0.828

0.829

0.853

0.855

0.0458

0.046

1.2673

1.024

0.6526

0.6869

0.6358

0.6693

Note 11 – Segment Information The Company sells capital equipment, which includes both Imricor-developed and third-party equipment, and consumable products, for use in iCMR labs, and capital equipment maintenance service agreements. Operating segments are defined as components of an enterprise about which separate discrete financial information is available for evaluation by the Chief Operating Decision Maker (“CODM”) when making decisions regarding resource allocation and assessing performance. The Company’s CODM is its Chief Executive Officer, who reviews consolidated financial results when making resource allocation decisions or evaluating Company performance. The Company manages its business on a consolidated basis and operates as one reportable segment, and the CODM’s primary measure of segment profit or loss is net loss. For the Company’s single reportable segment, the total amounts of segment profit or loss and segment assets are the same as net loss and total assets, respectively, presented in the accompanying unaudited condensed consolidated financial statements. The following table summarizes the significant expense categories provided to the CODM for the three and six months ended June 30: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="6" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:30%;">Three Months Ended June 30,</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="6" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:30%;">Six Months Ended June 30,</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:14%;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:14%;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:14%;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:14%;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Revenues</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Equipment revenue</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">8,782</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">13,247</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">17,317</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">20,811</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Consumable revenue</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">29,615</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">30,965</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">(35,182</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">134,986</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Service revenue</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">22,134</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">20,951</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">42,508</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">41,078</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Total Revenues</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">60,531</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">65,163</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">24,643</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">196,875</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Costs and expenses</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Cost of goods sold</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">732,496</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">509,688</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">1,394,641</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">811,694</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Sales expenses</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">704,356</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">691,215</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">1,420,116</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">1,314,796</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Marketing expenses</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">942,586</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">435,646</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">1,399,449</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">889,897</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Clinical research expenses</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">1,097,375</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">570,057</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">2,205,874</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">1,137,288</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Regulatory affairs and quality assurance expenses</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">844,088</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">809,950</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">1,839,628</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">1,670,954</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Other research and development expenses</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">1,734,253</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">1,477,173</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">3,690,751</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">2,954,566</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">General and administrative expenses</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">1,430,332</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">1,263,136</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">3,809,495</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">2,529,796</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Total Costs and Expenses</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">7,485,486</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">5,756,865</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">15,759,954</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">11,308,991</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Loss from Operations</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">(7,424,955</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">(5,691,702</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">(15,735,311</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">(11,112,116</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Other income (expense)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Interest income</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">377,533</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">369,804</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">644,146</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">481,892</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Foreign currency exchange (loss) gain</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">(683,434</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">1,285,261</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">(281,024</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">1,159,493</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Other income (expense)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">349,095</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">(3,758,685</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">(9,766,583</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">(3,670,622</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Total Other Income (Expense)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">43,194</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">(2,103,620</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">(9,403,461</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">(2,029,237</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Net loss</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">(7,381,761</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">(7,795,322</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">(25,138,772</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">(13,141,353</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td></tr> </tbody></table> Other segment items within net loss correspond to the unaudited condensed consolidated statements of operations line items for interest expense, government grant income, change in fair value of convertible notes (related party), change in fair value of option liabilities, change in fair value of derivative asset, change in fair value of warrant liabilities, and other expense. Revenues by region were as follows for the three and six months ended June 30: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="6" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:30%;">Three Months Ended June 30,</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="6" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:30%;">Six Months Ended June 30,</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:14%;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:14%;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:14%;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:14%;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Europe</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">60,531</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">65,163</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">24,643</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">196,875</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Total revenue by geography</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">60,531</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">65,163</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">24,643</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">196,875</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> </tbody></table> The following table provides revenue by country based on the location where services are provided and products are sold for more than 10% of the total revenue for the three and six months ended June 30: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="6" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:30%;">Three Months Ended June 30,</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="6" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:30%;">Six Months Ended June 30,</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:14%;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:14%;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:14%;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:14%;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Germany</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">36,664</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">36,971</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">53,336</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">62,514</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Hungary</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">5,848</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">5,127</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">13,113</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">9,814</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Netherlands</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">18,019</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">23,065</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">(41,806</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">124,547</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">60,531</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">65,163</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">24,643</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">196,875</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> </tbody></table> Property and equipment is held in the following countries: <table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;margin-left:0px;margin-right:auto;width:80%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">June 30,</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">December 31,</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:17%;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">U.S.</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">1,595,652</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">1,121,585</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Germany</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">152,535</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">175,111</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;">Other foreign countries</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">343,257</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">241,764</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:62%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">2,091,444</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:16%;">1,538,460</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> </tbody></table> No individual country other than the U.S. and Germany accounted for more than 10% of the total net book value. See Note 1 for further details on the Company’s products and services, and major customers.

<table border="0" cellpadding="0" cellspacing="0" class="finTable" style="border-collapse:collapse;font-family:Times New Roman;font-size:9pt;text-indent:0px;height:auto;width:100%;"><tbody><tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="6" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:30%;">Three Months Ended June 30,</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="6" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:30%;">Six Months Ended June 30,</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:14%;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:14%;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:14%;">2026</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td colspan="2" style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:14%;">2025</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr class="finHeading" style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Revenues</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Equipment revenue</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">8,782</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">13,247</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">17,317</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">20,811</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Consumable revenue</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">29,615</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">30,965</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">(35,182</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">134,986</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Service revenue</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">22,134</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">20,951</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">42,508</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">41,078</td><td style="border-bottom:1px solid #000000;font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Total Revenues</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">60,531</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">65,163</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">24,643</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">196,875</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Costs and expenses</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Cost of goods sold</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">732,496</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">509,688</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">1,394,641</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">811,694</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Sales expenses</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">704,356</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">691,215</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">1,420,116</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">1,314,796</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Marketing expenses</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">942,586</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">435,646</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">1,399,449</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">889,897</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Clinical research expenses</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">1,097,375</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">570,057</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">2,205,874</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">1,137,288</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Regulatory affairs and quality assurance expenses</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">844,088</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">809,950</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">1,839,628</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">1,670,954</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Other research and development expenses</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">1,734,253</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">1,477,173</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">3,690,751</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">2,954,566</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">General and administrative expenses</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">1,430,332</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">1,263,136</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">3,809,495</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">2,529,796</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Total Costs and Expenses</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">7,485,486</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">5,756,865</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">15,759,954</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">11,308,991</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Loss from Operations</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">(7,424,955</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">(5,691,702</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">(15,735,311</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">(11,112,116</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Other income (expense)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Interest income</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">377,533</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">369,804</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">644,146</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">481,892</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Foreign currency exchange (loss) gain</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">(683,434</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">1,285,261</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">(281,024</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">1,159,493</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Other income (expense)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">349,095</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">(3,758,685</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">(9,766,583</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">(3,670,622</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Total Other Income (Expense)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">43,194</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">(2,103,620</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">(9,403,461</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">(2,029,237</td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td></tr> <tr style="background-color:rgb(255, 255, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;"> </td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;"> </td><td style="border-bottom:1px solid rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;margin-left:0pt;padding:0px;width:1%;"></td></tr> <tr style="background-color:rgb(204, 238, 255);vertical-align:bottom;"><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:36%;">Net loss</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">(7,381,761</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">(7,795,322</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">(25,138,772</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td><td style="font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;"> </td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">$</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:13%;">(13,141,353</td><td style="border-bottom:3px double rgb(0, 0, 0);font-family:"Times New Roman";font-size:9pt;padding:0px;width:1%;">)</td></tr> </tbody></table>

8782 13247 17317 20811 29615 30965 -35182 134986 22134 20951 42508 41078 60531 65163 24643 196875

732496

509688

1394641

811694

704356

691215

1420116

1314796

942586

435646

1399449

889897

1097375

570057

2205874

1137288

844088 809950 1839628 1670954

1734253

1477173

3690751

2954566

1430332

1263136

3809495

2529796

7485486

5756865

15759954

11308991

-7424955

-5691702

-15735311

-11112116

377533

369804

644146

481892

-683434

1285261

-281024

1159493

349095

-3758685

-9766583

-3670622

43194

-2103620

-9403461

-2029237

-7381761

-7795322

-25138772

-13141353

60531 65163 24643 196875 60531 65163 24643 196875 36664 36971 53336 62514 5848 5127 13113 9814 18019 23065 -41806 124547 60531 65163 24643 196875

1595652

1121585

152535

175111

343257

241764

2091444

1538460

5051539

0.61

2100000

0.69

4300000

<a class="rdg-anchor" href="#"></a><a class="rdg-anchor" href="#" id="Part2Item5"></a>ITEM 5. OTHER INFORMATION None.