Common Stock

3 Months Ended

Mar. 31, 2025

Equity [Abstract]

Common Stock

7. Common Stock

During the three months ended March 31, 2025, the Company issued 55,319,742 shares of its common stock as follows:

· The Company issued 40,278,345 shares of its common stock upon the conversion of $1,846,000 in convertible notes and $499,000 of accrued interest, net of unamortized discount of $698,000, pursuant to convertible notes conversion prices of $0.03 to $0.15.

· The Company issued 3,091,400 shares of its common stock upon the exercise of stock options and warrants of $216,000 with conversion prices of $0.05 to $0.07 per share.

· The Company issued 8,800,000 shares of its common stock for services of $1,403,000 valued at $0.04 to $0.16 per share based on the closing price of the Company’s common stock on the dates granted.

· The Company issued 1,500,000 shares of its common stock to its corporate secretary as compensation of $240,000 valued at $0.16 per share.

· The Company issued 1,649,997 shares of its common stock upon the cashless exercise of warrants at $0.06 to $0.09 per share for $71,000, which were applied to the settlement of vendor accounts payable.