Subsequent Events |
6 Months Ended |
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Jun. 30, 2026 | |
| Subsequent Events | |
| Subsequent Events | Note 12 – Subsequent Events On July 21, 2026, the Company entered into a Stock Purchase Agreement (the “Private Purchase Agreement”) with Otter Capital LLC, an accredited investor and existing stockholder of the Company (the “Investor”), which Investor holds more than 5% of the issued and outstanding shares of common stock, pursuant to which the Company sold and the Investor purchased 500,000 shares of common stock at a price per share of $3.54, for aggregate gross proceeds of $1,770,000. Our net proceeds were approximately $1,749,000 after deducting for legal fees and transaction costs. The pro forma impact of the transactions contemplated by the Private Purchase Agreement on the Company’s unaudited condensed consolidated balance as of June 30, 2026, results in a cash and cash equivalents balance of $11,638 thousand and additional paid-in capital balance of $119,608 thousand.
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