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EQUITY
12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
EQUITY

8. EQUITY

 

Issuance of Common Stock

 

In June 2024, the Company entered into securities purchase agreement providing for the issuance and sale by the Company of 3,703,704 shares of the Company’s common stock (the “June 2024 Shares”) at a price of $0.27 per share. The aggregate proceeds from the sale of the June 2024 Shares were approximately $1,000,000.

 

In January 2025, the Company entered into a securities purchase agreement providing for the issuance and sale by the Company of 3,333,333 shares of the Company’s common stock at a price of $0.15 per share. The aggregate proceeds from these shares were approximately $500,000.

 

In September 2025, the Company entered into securities purchase agreements providing for the issuance and sale by the Company of 3,666,667 shares of the Company’s common stock at a price of $0.15 per share. The aggregate proceeds from the sale of these shares were approximately $550,000.