Quarterly report [Sections 13 or 15(d)]

Subsequent Events

v3.25.3
Subsequent Events
9 Months Ended
Sep. 30, 2025
Subsequent Events [Abstract]  
Subsequent Events

Note 11 - Subsequent Events

 

The Company has evaluated events that occurred through November 18, 2025, the date that the financial statements were issued, and determined that there have been no events that have occurred that would require adjustments to the Company’s disclosures in the financial statements other than as follows:

 

Final Settlement of Warrant Liability

 

In October 2025, subsequent to the period ended September 30, 2025, the Company completed the final settlement of its outstanding warrant liability, which was recorded at $1,224,838 on the Condensed Consolidated Balance Sheet.

 

The full liability was extinguished through two actions:

 

  Cash payments totaling approximately $812,000 were made to holders who exercised their cash settlement rights.
  The remaining liability balance of approximately $412,000 was reclassified to Additional Paid-in Capital, as the 30-day period for holders to elect a cash settlement expired.

 

As of the date of this filing, the Company has no remaining liability associated with these warrants.