Stockholders' Deficit

9 Months Ended

Sep. 30, 2025

Stockholders' Deficit

Stockholders' Deficit

9. Stockholders’ Deficit

Warrants

As of September 30, 2025, outstanding warrants to purchase shares of the Company’s Common Stock were as follows:

Shares	Exercise Price		Expiration Date
1,867,912	$	3.25	January 26, 2026
4,285,935	$	3.25	March 16, 2026
1,807,396	$	5.00	February 8, 2027
2,692,604	$	5.00	March 30, 2027
1,200	$	1,680.00	None
10,655,047

Shares Reserved for Future Issuance

As of September 30, 2025, the Company had reserved shares of its Common Stock for future issuance as follows:

	September 30, 2025
Stock options outstanding	5,012,648
Unvested restricted stock units	152,500
Shares issuable under the Employee Stock Purchase Plan	11,890
Shares available for future grants under the 2016 Plan	2,169,950
Shares issuable upon the conversion of the Convertible Loan	24,096,491
Warrants outstanding	10,655,047
Total shares reserved	42,098,526