Quarterly report [Sections 13 or 15(d)]

STOCKHOLDERS??? EQUITY

v3.26.1
STOCKHOLDERS’ EQUITY
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
STOCKHOLDERS’ EQUITY

NOTE 5 – STOCKHOLDERS’ EQUITY

During the three months ended March 31, 2026, there were 970,467 shares issued under the ATM with net proceeds amounting to $1.5 million.

WARRANTS

The following is a summary of warrant activity during the three months ended March 31, 2026:

 

 

Number of
shares

 

 

Weighted
average
exercise price

 

 

Weighted
average
remaining
life (years)

 

 

Aggregate
intrinsic value
(in thousands)

 

Outstanding and exercisable - December 31, 2025

 

 

5,827,035

 

 

$

4.42

 

 

 

1.66

 

 

$

1,057

 

Issued

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Exercised

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Expired

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Outstanding and exercisable – March 31, 2026

 

 

5,827,035

 

 

$

4.42

 

 

 

1.42

 

 

$

—