Stock Warrants

6 Months Ended

Jun. 30, 2026

10. Stock Warrants

The Company has the following warrants outstanding for the periods presented:

Schedule of Warrants Outstanding

	June 30, 2026		December 31, 2025
	As of
	June 30, 2026		December 31, 2025
Liability Classified Warrants
Business Combination Warrants		585,275		585,275
PIPE Warrants		95,744		95,744
Subtotal		681,019		681,019
Equity Classified Warrants
Public Warrants		11,500,000		11,500,000
Private Placement Warrants		1,347,425		2,158,059
Subtotal		12,847,425		13,658,059
Grand Total		13,528,444		14,339,078
Warrants outstanding		13,528,444		14,339,078

On June 30, 2026, the Company issued 677,539 shares of Common Stock upon the partial exercise of pre-funded warrants and 133,095 shares of Common Stock upon the full exercise of warrants, both of which were originally issued in September 2024. The warrant exercise generated cash proceeds of approximately $0.04 million. As of June 30, 2026, no warrants or pre-funded warrants issued in connection with the September 2024 financing remained outstanding.