v3.25.3
STOCKHOLDERS' EQUITY (Tables)
 9 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Schedule of Warrants Transactions Warrant transactions for the nine months ended September 30, 2025, were as follows:
Pre-Funded Warrants
Weighted Average
Exercise
Price Per Share
Common Warrants
Weighted Average
Exercise
Price Per Share 1
Outstanding as of December 31, 202450,000$0.01 1,456,523$16.43 
Issued4,700,0000.0001 9,040,0002.50 
Forfeited/canceled—— —— 
Exercised(4,350,000)0.0002 —— 
Outstanding as of September 30, 2025400,000$0.0001 10,496,523$3.58 
Exercisable as of September 30, 2025400,000$0.0001 10,496,523$3.58 

________________________________________________
(1) In January 2025, the exercise price of 1,100,000 of the Common Warrants outstanding as of December 31, 2024, were amended from $10.00 per share to $2.50 per share. In May 2025, the exercise price of 98,040 of the Common Warrants outstanding as of December 31, 2024, were amended from $10.07 per share to $2.50 per share.
Schedule of Conversions of Stock
Up-C Unit exchanges during the three and nine months ended September 30, 2025, and 2024 were as follows:

Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Up-C Units exchanged by holders for Class A Common Stock14,518—23,07430,120