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

Stockholders Equity

v3.25.1
Stockholders Equity
12 Months Ended
Dec. 31, 2024
Stockholders' Equity Note [Abstract]  
Stockholders Equity
9.
STOCKHOLDERS EQUITY

Common Stock

As of December 31, 2024 and 2023, the Company had 184,264,000 and 161,678,000 shares of common stock issued and outstanding, respectively.

During the year ended December 31, 2022, the Company issued 5,496,000 shares of common stock to a vendor as compensation for $0.4 million of services provided to the Company. In accordance with the agreement, the Company issued 1,550,000 and 2,500,000 additional shares of common stock to the vendor during the years ended December 31, 2024 and 2023, respectively.

During the year ended December 31, 2024, the Company issued 3,613,000 shares of common stock to another vendor as compensation for strategic advisory services provided to the Company. In accordance with the agreement, the issued shares vest over a six month period from the date of the agreement.

Warrants

The following represents a summary of the warrants outstanding as of December 31, 2024 and 2023:

 

 

 

 

 

 

 

 

 

Number of Shares Underlying
Warrants

 

Issue Date

 

Classification

 

Exercise Price

 

 

Expiration Date

 

December 31,
2024

 

 

December 31,
2023

 

March 30, 2022

 

Equity

 

$

0.1000

 

 

June 6, 2025

 

 

10,000,000

 

 

 

10,000,000

 

March 30, 2022

 

Equity

 

$

0.0875

 

 

June 6, 2025

 

 

750,000

 

 

 

750,000

 

 

 

 

 

 

 

 

 

 

10,750,000

 

 

 

10,750,000