Quarterly report [Sections 13 or 15(d)]

STOCKHOLDERS??? EQUITY (Tables)

v3.25.3
STOCKHOLDERS’ EQUITY (Tables)
9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Schedule of assumptions
     
Company stock price on valuation date   $10.00  
Volatility   143.85%  
Risk free interest rate - 5 years   3.94%  
Risk free interest rate - 10 years   4.43%  
Dividend yield   0.00%  
Schedule of fair values and derived service periods
                   
    Daily VWAP $10   Daily VWAP $15   Daily VWAP $20   Daily VWAP $25   Daily VWAP $30
Fair value - 5 year service period   $9.03   $9.02   $9.02   $9.02   $9.01
Derived service period - years   N/A   0.20   0.38   0.56   0.69
Fair value - 10 year service period   $9.82   $9.80   $9.80   $9.80   $9.80
Derived service period - years   N/A   0.20   0.40   0.58   0.73
Schedule of pre-funded common stock warrants
                       
    Pre- Funded Common Stock Warrants  
    Shares     Weighted
Average
Exercise
Price
    Weighted
Average
Remaining
Life in years(1)
    Intrinsic Value  
Outstanding at January 1, 2025     10,263     $ 0.00064                  
Purchased     6,424,914     $ 0.00002                  
Exercised     (2,525,962 )   $ 0.00002                  
Outstanding at September 30, 2025     3,909,215     $ 0.00002           $ 29,397,234  
Exercisable at September 30, 2025     3,909,215     $ 0.00002           $ 29,397,234  

 

(1) Pre-funded warrants expire only upon exercise
Schedule of warrants activity
                       
    Other Common Stock Warrants  
    Shares     Weighted
Average
Exercise
Price
    Weighted
Average
Remaining
Life in years
    Intrinsic Value  
Outstanding at January 1, 2025     14,804     $ 4,158.33                  
Granted/purchased     1,848,471     $ 12.39                  
Exercised     (123,603 )   $ 14.43                  
Outstanding at September 30, 2025     1,739,672     $ 47.54       7.23     $ 32,509  
Exercisable at September 30, 2025     1,739,672     $ 47.54       7.23     $ 32,509