Annual report [Section 13 and 15(d), not S-K Item 405]

Subsequent Events

v3.25.4
Subsequent Events
12 Months Ended
Dec. 31, 2025
Subsequent Events [Abstract]  
Subsequent Events

Note 11 – Subsequent Events

 

Exercise of Series L 10% Convertible Preferred Stock Greenshoe Rights

 

From January 1, 2026 through March 23, 2026, Purchasers of Series L Preferred Stock elected to exercise their Greenshoe Rights and purchased 2,667 shares of the Series L Preferred Stock with a stated value of $2,666,666 for a purchase price of $2,400,000.

 

Conversion of Series L Preferred Stock

 

From January 1, 2026 through March 23, 2026, the holders of the Company’s Series L Preferred Stock have converted 2,384 shares of Series L Preferred Stock into 4,895,903 shares of common stock.

 

Exercise of Warrants

 

From January 1, 2026 through March 23, 2026, warrants underlying 1,123,816 shares of Company’s common stock were exercised resulting in net proceeds of approximately 600,000.