Quarterly report [Sections 13 or 15(d)]

COMMON STOCK

v3.25.1
COMMON STOCK
 3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
COMMON STOCK

Note 12. COMMON STOCK

 

Common Stock

 

The Company has authorized a total of 100,000,000 shares of Common Stock, $0.007 par value per share. On June 4, 2024, the Company received stockholder approval to increase the number of authorized shares of Common Stock from 25,000,000 shares to 100,000,000 shares, and on June 5, 2024, the Company filed an amendment to its Certificate of Incorporation with the Secretary of State of the State of Delaware to effect the increase. The Company has issued 18,255,825 shares of Common Stock, of which 430,474 are unvested restricted stock awards as of March 31, 2025, and 15,576,674 shares of Common Stock, of which 349,057 are unvested restricted stock awards as of December 31, 2024.