Quarterly report [Sections 13 or 15(d)]

Common Stock Warrants and Options (Tables)

v3.26.1
Common Stock Warrants and Options (Tables)
3 Months Ended
Mar. 31, 2026
Class of Warrant or Right [Line Items]  
Schedule of Common Stock Warrant Transactions

Common stock warrant transactions for the three months ended March 31, 2026 were as follows:

 

    Three Months Ended March 31, 2026  
    Number of     Weighted Average  
    Warrants     Exercise Price  
Warrants outstanding at December 31, 2025     50,532,927     $ 0.92  
Granted            
Anti-dilution adjustment (1)     8,202,090       0.45  
Forfeited/cancelled     (60,096 )     165.00  
Exercised     (1,123,816 )     0.53  
Warrants outstanding at March 31, 2026     57,551,105     $ 0.62  
Warrants exercisable at March 31, 2026     27,652,660     $ 0.79  

 

(1) In connection with subsequent equity issuances, the exercise price of the warrants was reduced and the number of shares issuable upon exercise was increased in accordance with certain full-rachet price and anti-dilution protection provisions of the warrant agreements.
Schedule of Options Activity

 

    Three Months Ended March 31, 2026  
    Number of     Weighted Average  
    Options     Exercise Price  
Options outstanding at December 31, 2025     597,550     $ 4.23  
Granted            
Forfeited/cancelled            
Exercised            
Options outstanding at March 31, 2026     597,550     $ 4.23  
Options exercisable at March 31, 2026     475,328     $ 4.96  
Schedule of Options Outstanding and Options Exercisable

Options outstanding as of March 31, 2026 are exercisable as follows:

 

      Stock Options Exercisable as of March 31, 2026  

Range of

Exercise Price

   

Number

Outstanding

   

Weighted Average

Remaining Contractual Life (Years)

   

Weighted Average

Exercise Price

 
$ 1.33       412,500       9.4     $ 1.33  
  2.11       13,612       8.2       2.11  
  10.50       16,667       7.1       10.50  
  25.50       16,667       6.8       25.50  
  74.40       15,882       6.3       74.40  
          475,328                  
Warrants [Member]  
Class of Warrant or Right [Line Items]  
Schedule of Warrants Exercisable

Warrants outstanding as of March 31, 2026 are exercisable as follows:

 

      Warrants Outstanding and Exercisable as of March 31, 2026  

Range of

Exercise

Price

   

Number

Outstanding

   

Weighted Average

Remaining Contractual Life (Years)

   

Weighted

Average

Exercise Price

 
$ 0.0001       326,251       N/A     $ 0.0001  
  0.454       26,105,339       4.1       0.454  
  2.02       369,138       3.9       2.02  
  2.46       24,390       4.1       2.46  
  2.50       50,000       2.1       2.50  
  2.8375       21,145       3.9       2.8375  
  4.35       437,931       3.1       4.35  
  5.4375       88,800       3.1       5.4375  
  30.00       216,666       2.3       30.00  
  37.50       13,000       1.8       37.50  
          27,652,660       4.0       0.79