| Warrants |
Note
9 – Warrants
A
summary of the warrant activity for the six months ended June 30, 2026, is as follows:
Schedule
of Warrant Activity
| | |
Shares | | |
Weighted-Average Exercise Price | | |
Weighted-Average Remaining Contractual Term | | |
Aggregate Intrinsic Value | |
| Outstanding at December 31, 2025 | |
| 455,888 | | |
$ | 9.09 | | |
| 4.53 | | |
$ | - | |
| Granted | |
| 5,575,000 | | |
| 0.01 | | |
| - | | |
$ | - | |
| Exercised | |
| (500,000 | ) | |
| 0.01 | | |
| - | | |
| - | |
| Cancelled/Exchanged | |
| - | | |
| - | | |
| - | | |
| - | |
| Outstanding at June 30, 2026 | |
| 5,530,888 | | |
$ | 0.76 | | |
| 0.33 | | |
$ | 8,982,750 | |
| Exercisable at June 30, 2026 | |
| 5,530,888 | | |
$ | 0.76 | | |
| 0.33 | | |
$ | 8,982,750 | |
A
summary of the warrants outstanding at June 30, 2026, is as follows:
Schedule
of Exercise Price of Warrants
| Exercise Price | | |
Warrants Outstanding | | |
Weighted Average Remaining Life | | |
Warrants Exercisable | |
| $ | 2.00 | | |
| 5,075,000 | | |
| - | | |
| 5,075,000 | |
| | 6.00 | | |
| 65,000 | | |
| 4.01 | | |
| 65,000 | |
| | 6.25 | | |
| 40,888 | | |
| 3.34 | | |
| 40,888 | |
| | 10.00 | | |
| 350,000 | | |
| 4.12 | | |
| 350,000 | |
| | - | | |
| 5,530,888 | | |
| 0.33 | | |
| 5,530,888 | |
The
aggregate intrinsic value of outstanding stock warrants was $8,982,750, based on warrants with an exercise price less than the Company’s
stock price of $1.78 as of June 30, 2026, which would have been received by the warrant holders had those holders exercised the warrants
as of that date.
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