Note 10 – Commitments and Contingencies

Registration and other stockholder rights

In connection with various of its investment transactions, the Company entered into registration rights agreements with stockholders, pursuant to which the investors were granted certain demand registration rights and/or piggyback and/or resale registration rights in connection with subsequent registered offerings of the Company’s common stock.

Leases

The Company has a continuing liability under its former headquarters’ office lease, which lease was assigned to a third party in April 2024 but for which it remains liable to the landlord. Maturities under this lease by year as of June 30, 2026 are as follows:

For the three and six months ended June 30, 2026, lease costs of approximately $58,000 and $117,000, respectively, are classified as operating expenses in the unaudited condensed consolidated statements of operations. For the three and six months ended June 30, 2025, lease costs of approximately $58,000 and $117,00, respectively, are classified as operating expenses in the unaudited condensed consolidated statements of operations.

The remaining term of the lone operating lease as of June 30, 2026 is 5.7 years and reflects a discount rate of 10%. In the six months ended June 30, 2026 and 2025, cash paid for amounts under the lone operating lease was $116,992 and is classified as cash used in operating activities in each period.