Stockholders’ Equity | 4. Stockholders’ Equity Preferred Stock The Company’s amended and restated certificate of incorporation, as amended, authorizes the Company to issue a total of 20,000,000 No Common Stock The Company’s amended and restated certificate of incorporation, as amended, authorizes the Company to issue a total of 100,000,000 2,096,740 534,238 March 2024 Offering On March 6, 2024, the Company sold 119,000 119,000 2.43 2.56 662,251 662,251 2.559 495,227 1,504,113 The 781,251 2.43 five years 662,251 0.001 five years During the three months ended March 31, 2024, 363,251 363,251 299,000 299,000 In addition, warrants to purchase 46,875 3.20 five years August 2024 Warrant Inducement On August 2, 2024, existing warrants to purchase 781,251 shares of common stock issued in March 2024, were exercised for cash at the exercise price of $ 2.43 per share, for gross proceeds of $ 1,898,440 . As an inducement for the warrant holders to exercise the existing warrants for cash, new warrants to purchase 1,562,502 shares of common stock (the “Inducement Warrants”) were issued to the warrant holders for consideration of $ 0.125 per share, for gross proceeds of $ 195,313 . The proceeds received from the exercise of the 781,251 existing warrants, and the issuance of the Inducement Warrants, net of cash costs of $ 287,233 , was $ 1,806,520 . As a result of the inducement and subsequent exercise, the Company determined the incremental fair value provided to the holders was $ 3,212,504 The Inducement Warrants have an exercise price of $ 2.00 per share and were immediately exercisable upon issuance. 781,251 of the Inducement Warrants expire on February 2, 2026, and 781,251 of the Inducement Warrants expire on August 2, 2029. In addition, warrants to purchase 46,875 3.35 five years Due to certain beneficial ownership limitations set forth in the March 2024 warrants, the Company issued the number of shares that would not cause a holder to exceed such beneficial ownership limitation and agreed to hold such balance of shares of common stock in abeyance. For the 781,251 560,251 September 2024 ATM Offering On September 27, 2024, the Company entered into an At The Market Offering Agreement (the “ATM Agreement”) with H.C. Wainwright & Co., LLC (“Wainwright”) with respect to an “at the market” offering program, under which the Company may, from time to time, in its sole discretion, issue and sell through Wainwright, acting as agent or principal, up to approximately $ 1.1 Pursuant to the ATM Agreement, the Company may sell the shares through Wainwright by any method permitted that is deemed an “at the market” offering as defined in Rule 415 under the Securities Act of 1933, as amended. Wainwright will use commercially reasonable efforts consistent with its normal trading and sales practices to sell the shares from time to time, based upon instructions from the Company (including any price or size limits or other customary parameters or conditions the Company may impose). The Company will pay Wainwright a commission of 3.0 The Company is not obligated to sell any shares under the ATM Agreement. The offering of shares pursuant to the ATM Agreement will terminate upon the earlier to occur of (i) the issuance and sale, through Wainwright, of all of the shares of our common stock subject to the ATM Agreement and (ii) termination of the ATM Agreement in accordance with its terms. Subsequent to September 30, 2024, we sold 366,794 640,613 131,396 |