Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity

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Stockholders' Equity
6 Months Ended
Jun. 30, 2024
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
7.
STOCKHOLDERS' EQUITY

Common Stock

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 1,549,410 additional shares of common stock to the vendor during the six months ended June 30, 2024.

Warrants

The following represents a summary of the warrants outstanding at each of the dates identified:

 

 

 

 

 

 

 

 

 

Number of Shares Underlying Warrants

 

Issue Date

 

Classification

 

Exercise Price

 

 

Expiration Date

 

June 30, 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