11. Common Stock Warrants The following table represents a summary of the warrants outstanding and exercisable as of December 31, 2025, all of which are equity-classified:
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Number of Common Warrants |
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Weighted Average Exercise Price |
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Weighted Average Remaining Contractual Term (Years) |
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Aggregate intrinsic Value |
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Expiration Date |
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Number of Pre-funded Warrants |
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Weighted Average Exercise Price |
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Weighted Average Remaining Contractual Term (Years) |
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Aggregate intrinsic Value |
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Expiration Date |
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Outstanding at December 31, 2023 |
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200,612 |
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$ |
133.650 |
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4.90 |
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$ |
25,700 |
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November 30, 2028 |
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115,127 |
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$ |
0.050 |
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3.92 |
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$ |
30,200 |
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April 2027 - May 2028 |
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Exercised |
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(28,485 |
) |
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$ |
133.650 |
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— |
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$ |
4,297 |
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(115,127 |
) |
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$ |
0.050 |
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— |
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$ |
9,715 |
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— |
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Outstanding at December 31, 2024 |
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172,127 |
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$ |
133.650 |
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3.92 |
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$ |
25,700 |
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November 30, 2028 |
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- |
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$ |
— |
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— |
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$ |
— |
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— |
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Prefunded warrants issued |
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— |
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$ |
— |
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— |
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$ |
— |
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150,360 |
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$ |
0.001 |
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2.00 |
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$ |
— |
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June 26, 2027 |
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Exercised |
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— |
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$ |
— |
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— |
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$ |
— |
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(150,360 |
) |
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$ |
0.001 |
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— |
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$ |
245,943 |
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— |
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Common warrants issued |
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846,744 |
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$ |
11.560 |
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2.00 |
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$ |
— |
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June 26, 2027 |
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— |
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$ |
— |
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— |
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$ |
— |
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— |
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Outstanding at December 31, 2025 |
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1,018,871 |
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$ |
32.186 |
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1.73 |
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$ |
— |
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November 30, 2028 and June 26, 2027 |
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— |
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$ |
— |
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— |
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$ |
— |
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— |
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