Quarterly report [Sections 13 or 15(d)]

STOCKHOLDERS??? EQUITY (Tables)

v3.26.1
STOCKHOLDERS’ EQUITY (Tables)
3 Months Ended
Mar. 31, 2026
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, 2026     3,913,538     $ 0.00002                  
Purchased     2,079,797     $ 0.00001                  
Exercised     (3,396,940 )   $ 0.00001                  
Outstanding at March 31, 2026     2,596,395     $ 0.00002           $ 10,982,701  
Exercisable at March 31, 2026     2,596,395     $ 0.00002           $ 10,982,701  

 

  (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, 2026     1,735,349     $ 47.66                  
Granted/purchased     4,643,487     $ 6.26                  
Expired     (2 )   $ 2,571,840                  
Outstanding at March 31, 2026     6,378,834     $ 16.72       4.73     $ 6,705  
Exercisable at March 31, 2026     5,739,551     $ 18.58       4.73     $ 6,705