EX-99.1 2 ex99-1.htm

 

Exhibit 99.1

 

   December 31,   Pro Forma   Note  

As Adjuststed

December 31,

 
   2024   Adjustments   Reference   2024 
Stockholders’ equity:                    
Undesignated preferred stock, $0.0001 par, 10,000,000 shares authorized, 0 shares issued and outstanding as of both December 31, 2024 and December 31, 2023   -    -           
Series A convertible preferred stock, $0.0001 par, 6,300 shares designated, 6,300 shares issued and outstanding as of both December 31, 2024 and December 31, 2023   1    -         1 
Series C convertible preferred stock, $0.0001 par, 1,344 and 4,786 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively   1    -         1 
Common stock, $0.0001 par, 1,000,000,000 shares authorized, 838,584 and 22,285 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively   83    -         83 
Additional paid-in capital   125,772,412    12,585,000    (1)   138,357,412 
Accumulated deficit   (127,101,038)   -         (127,101,038)
Total stockholders equity   (1,328,541)   12,585,000    (1)   11,256,459 

 

(1) Includes the issuance of (i) 124,673 common shares and 482,187 pre-funded warrants in connection with our October 2024 offering; (ii) 155,248 common shares in connection with our At The Market offering; (iii) 2,068,965 pre-funded warrants to MavDB Consulting LLC in connection with a vendor agreement dated January 2025; (iv) 11,365,340 units, including (a) 125,535 units consisting of one share of common stock and two warrants to purchase one share of common stock each, and (b) 11,239,805 units consisting of a pre-funded warrant to purchase one share of common stock and two warrants to purchase one share of common stock each, in connection with our February 2025 offering; and (v) 344,827 common shares to be issued in connection with our asset purchase agreement entered into with Open Daily Technologies Inc. on April 1, 2025.