Stock-based Compensation

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

Stock-based Compensation

Note 10. Stock-based Compensation

During the years ended December 31, 2025 and 2024, there was no stock-based compensation associated with stock options included in research and development expense. The Company issued 100,000 shares of common stock for services during each of the years ended December 31, 2025 and 2024. A portion of these shares related to services that had not yet been performed at the time of issuance and were recorded as prepaid expenses. Such prepaid amounts were subsequently recognized as expense as the related services were performed. Accordingly, the Company recognized $7,550 and $1,258, respectively, of expense associated with shares issued for services in research and development, and $19,250 and $0, respectively, in general and administrative expense.  

There were no options granted during the years ended December 31, 2025 and 2024. There were no options exercised, forfeited or cancelled during either period but all options did expire during the year ended December 31, 2025.

As of December 31, 2024, all compensation related to the 1,100,000 outstanding options has been recognized. The options were expensed over the vesting period for each Advisor.

All outstanding options expired during the year ended December 31, 2025. Options outstanding at December 31, 2024 consist of:

Date Issued	Number Outstanding		Number Exercisable		Exercise Price		Expiration Date
June 27, 2020		150,000		150,000	$	0.40	June 27, 2025
January 1, 2021		450,000		450,000	$	0.65	December 31, 2025
Total		600,000		600,000

Warrants outstanding at December 31, 2025 consist of:

Date Issued	Number Outstanding		Number Exercisable		Exercise Price		Expiration Date
December 31, 2025		416,666		416,666	$	0.60	December 31, 2030
Total		416,666		416,666

Warrants outstanding at December 31, 2024 consist of:

Date Issued	Number Outstanding		Number Exercisable		Exercise Price		Expiration Date
July 19, 2022		550,000		550,000	$	0.50	July 18, 2025
Total		550,000		550,000