v3.26.1
Subsequent Events
6 Months Ended
Jun. 30, 2026
Subsequent Events [Abstract]  
Subsequent Events

Note 9: Subsequent Events

 

On July 14, 2026, the Company entered into Secured Promissory Note Agreements with two investors for their purchase of (i) 14% secured promissory notes of the Company in the aggregate original principal amount of $80,000 payable on December 31, 2026 and (ii) 5-year warrants to purchase 1,131,428 shares of the Company’s common stock at an exercise price of $0.14. Should the Company default on repayment for the note in full by the maturity date, the Common shall issue to the holders a total of 3,000,000 shares of the Company’s common stock. The Company’s obligations under the Notes are secured by a security interest in certain property granted by the Company for the benefit of Holders pursuant to the terms of a Security Agreement dated October 31, 2025, between the Company and the Holders and a Patent Security Agreement dated October 31, 2025, between the Company and Holders.