12 unchanged sentences
The stock options may be incentive stock options or non-qualified stock options.
−Removed: ● A total of 400,000 shares of common stock are eligible for issuance under the 2021 Plan.
+Added: ● Originally, a total of 400,000 shares of common stock were eligible for issuance under the 2021 Plan.
+Added: In 2025, the Company’s stockholders approved an amendment to the 2021 Plan that increased the number of shares authorized from 400,000 to 1,150,000.
● The 2021 Plan may be administered by the Board of Directors (the “Board”) or a committee consisting of two or more members of the Board of Directors appointed by the Board (for purposes of this description, any such committee, a “Committee”).
15 unchanged sentences
● Cash awards may be issued under the 2021 Plan either alone or in addition to or in tandem with other Awards granted under the 2021 Plan or other payments made to a participant not under the 2021 Plan.
−Removed: The Board or Committee shall determine the eligible persons to whom, and the time or times at which, cash awards will be made, the amount that is subject to the cash award, the circumstances and conditions under which such amount
−Removed: shall be paid, in whole or in part, the time of payment, and all other terms and conditions of the Awards.
+Added: The Board or Committee shall determine the eligible persons to whom, and the time or times at which, cash awards will be made, the amount that is subject to the cash award, the circumstances and conditions under which such amount shall be paid, in whole or in part, the time of payment, and all other terms and conditions of the Awards.
Each cash award shall be confirmed by, and shall be subject to the terms of, an agreement executed
6 unchanged sentences
However, the Board may approve other vesting schedules.
−Removed: Options may be exercised in whole or in part.
+Added: Options may be
+Added: exercised in whole or in part.
The exercise price of stock options granted is generally the fair market value of the Company’s common stock on the date of grant.
25 unchanged sentences
Recent sales of unregistered securities
−Removed: On March 14, 2024, the Company entered into subscription agreements with each of Robert W.
−Removed: D’Loren, Chairman and Chief Executive Officer of the Company;
−Removed: an affiliate of Mark DiSanto, a director of the Company;
−Removed: and Seth Burroughs, Executive Vice President of Business Development and Treasury of the Company to purchase 13,258, 13,258, and 2,946 shares, respectively (collectively, the “Private Placement Shares”), at a price of $9.80 per Private Placement Share.
−Removed: The total number of Private Placement Shares purchased was 29,462.
−Removed: Net proceeds after payment of agent fees to the representative were approximately $0.3 million.
−Removed: The purchase of the Private Placement Shares closed on March 19, 2024.
−Removed: On December 12, 2024, the Company issued warrants to purchase 145,664 shares of common stock to lenders as additional consideration for entering into a loan and security agreement.
−Removed: The warrants are immediately exercisable and expire on December 12, 2034.
−Removed: There were no sales of unregistered securities during the year ended December 31, 2023.
+Added: Not applicable.
Purchases of equity securities by the issuer and affiliated purchasers
−Removed: The following table provides information with respect to restricted stock purchased and retired by the Company during the year ended December 31, 2024.
+Added: The following table provides information with respect to restricted stock purchased and retired by the Company during the three months ended December 31, 2025.
Total Number of Shares
3 unchanged sentences
Plan or Program
−Removed: July 1, 2024 to July 31, 2024 (i)
−Removed: August 1, 2024 to August 31, 2024 (i)
−Removed: September 1, 2024 to September 30, 2024 (i)
October 1, 2025 to October 31, 2025 (i)
4 unchanged sentences
The 2011 Plan and 2021 Plan allow for award holders to surrender vested shares to cover withholding tax liabilities.
−Removed: We did not repurchase any shares of common stock during the year ended December 31, 2023.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.