Common Stock Warrants |
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| Common Stock Warrants | Note 15 – Common Stock Warrants
Outstanding warrants as of June 30, 2026 primarily relate to financing transactions completed during 2024 and 2025.
During the six months ended June 30, 2026, certain warrants were exercised to purchase an aggregate of shares of the Company’s common stock at an exercise price of $1.00 per share resulting in cash proceeds of $271,114.
In addition, on May 7, 2026, Kaufman Kapital exercised in full a warrant to purchase shares of the Company’s common stock at an exercise price of $1.50 per share, resulting in cash proceeds to the Company of $750,000.
The aggregate intrinsic value of warrants exercised during the six months ended June 30, 2026 was $1.9 million.
Information for total warrants outstanding as of June 30, 2026 is presented below:
The remaining contractual term of outstanding warrants ranged from 0.9 to 8.1 years as of June 30, 2026.
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