v3.26.1
Warrants
 6 Months Ended
Jun. 30, 2026
Warrants  
Warrants

Note 9 – Warrants

 

Warrant activity for the six months ended June 30, 2026 and the year ended December 31, 2025 are summarized as follows:

 

                                   
Warrants   Number of
Warrants		   Weighted
Average
Exercise Price		   Weighted
Average
Remaining
Contractual
Term (Years)		   Aggregate
Intrinsic
Value		 
Outstanding - December 31, 2024    1,600,000   $0.24    1.63   $1,231,000 
Exercisable - December 31, 2024    1,600,000   $0.24    1.63   $1,231,000 
Granted    500,000   $1.00           
Exercised    -                
Cancelled/Forfeited    -                
Outstanding - December 31, 2025    2,100,000   $0.42    1.00   $2,622,000 
Exercisable - December 31, 2025    2,100,000   $0.42    1.00   $2,622,000 
Granted    -                
Exercised    -                
Cancelled/Forfeited    -                
Outstanding - June 30, 2026    2,100,000   $0.42    0.50   $2,769,000 
Exercisable - June 30, 2026    2,100,000   $0.42    0.50   $2,769,000 

 

In December 2024, the Company extended the maturity dates of 1,000,000 warrants from December 31, 2024 to December 31, 2026. The value resulting from this modification was not considered material to the financial statements.

 

In December 2025, the Company extended the maturity dates of 600,000 warrants from December 31, 2025 to December 31, 2026. The value resulting from this modification was not considered material to the financial statements.