Item 5. Market for Registrant’s Common Equity
ITEM
5 - MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market
Information
Our
common stock is currently not listed on any exchange. We intend to apply to the NYSE American LLC (“NYSE”) for listing on
its exchange.
Holders
of Record
As
of January 25, 2025 we had 608 record holders of our common stock. This number does not include the number of persons whose shares are
in nominee or in “street name” accounts through brokers.
Dividends
We
did not pay dividends during 2024 or 2023. We anticipate that we will retain any earnings and other cash resources for investment in
our business. The payment of dividends on our common stock is subject to the discretion of our board of directors and will depend on
our operations, financial position, financial requirements, general business conditions, restrictions imposed by financing arrangements,
if any, legal restrictions on the payment of dividends and other factors that our board of directors deems relevant.
Securities
Authorized for Issuance Under Equity Compensation Plans
As
of December 31, 2024, securities issued and securities available for future issuance under our 2023 Employee, Director and Consultant
Equity Incentive Plan (the “Plan”) is as follows:
Restricted
stock to be issued upon vesting
Number
of securities to be issued upon exercise of outstanding options, warrants and rights
Weighted
average exercise price of outstanding options, warrants and rights
Number
of securities
remaining
available for
future
issuance (under equity compensation
Plans
(excluding
securities
reflected in
column
(a & b))
Plan
Category
(a)
(b)
(c)
(d)
Equity compensation plans approved by security
holders
2023 Employee,
Director and Consultant Equity Incentive Plan - options
-
880,000
$ 3.00
-
2023 Employee, Director
and Consultant Equity Incentive Plan - warrants
-
75,000
$ 3.75
-
2023
Employee, Director and Consultant Equity Incentive Plan
-
-
$ -
18,037,079
Total
-
955,000
$ 3.06
18,037,079
18
Recent
Issuances of Unregistered Securities
None.
Shares
Repurchased by the Registrant
We
did not purchase or repurchase any of our securities in the fiscal year ended December 31, 2024.
ITEM
6 - SELECTED FINANCIAL DATA
Not
applicable.
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