ADDED
false --03-31 FY 2025 true true true false true true 0.001 0.001 10,000,000 10,000,000 0 0 0 0 0.001 0.001 500,000,000 500,000,000 2,497,033 2,497,033 942,575 942,575 20 20 0 1 1 1 1 1 1 5 3 0 1 1 0 0 0 10 0 8,000,000 0.48 0.98 70 10 20 5 0.001 0.001 0 10 4 0.1 1 1 1 1 1 1 5 5 0.1 5.00 0 3 10 11,250 11,250 11,250 2 0.1 5 6 12 0 0 10 1,250 1,250 1,250 false false false false 197,098 exercised shares utilized the cashless exercise option and 695,334 exercised shares were paid in cash.
Shares for the convertible note proceeds received The initial discount rate was chosen based on private equity rates of return as described in the AICPA Practice Aid on Valuation of Privately-Held-Company Equity securities issued as compensation.
For the recurring fair value measurement, the Company updated the discount rate based upon yield curves estimated to be similar in credit quality to the Company; Aggregate Intrinsic Value = Excess of market value over the exercise price of all in-the-money stock.
Scenario probability as of issuance was based on timing expectations of management that a qualified offering occurring as of December 31, 2023 was estimated at 70%, respectively; a qualified offering occurring as of June 30, 2024 was estimated at 10%; and no qualified offering occurring was estimated at 20%; The warrant has a $0.02 strike price, however, the strike price is low relative to the stock price, making the warrant value close to the value of a stock unit.
In determining the market value of the voting equity held by non-affiliates, securities of the registrant beneficially owned by directors, officers and 10% or greater shareholders of the registrant have been excluded.
REMOVED
false --03-31 FY 2024 0.001 0.001 10,000,000 0 0 7,100,000 0 0 0.001 0.001 500,000,000 18,846,094 18,846,094 25,000,000 12,336,571 12,336,571 0 0 1 1 0 0 0 10 0 8,000,000 0.48 0.98 20 5 0.001 0.001 0 0 0 3 10 1 1 4 4 0 0 2.00 5.00 3 5 0 0.1 0.1 5 6 12 0 false false false false The initial discount rate was chosen based on private equity rates of return as described in the AICPA Practice Aid on Valuation of Privately-Held-Company Equity securities issued as compensation.
For the recurring fair value measurement, the Company updated the discount rate based upon yield curves estimated to be similar in credit quality to the Company All exercised shares utilized the cashless exercise option.
Scenario probability as of issuance was based on timing expectations of management that a qualified offering occurring as of December 31, 2023 was estimated at 70%, respectively; a qualified offering occurring as of June 30, 2024 was estimated at 10%; and no qualified offering occurring was estimated at 20% Aggregate Intrinsic Value = Excess of market value over the exercise price of all in-the-money stock.
Shares for the convertible note proceeds received as of March 31, 2024 The warrant has a $0.01 strike price, however, the strike price is low relative to the stock price, making the warrant value close to the value of a stock unit.
In some cases, you can identify these statements by forward-looking words such as may, might, should, would, could, "will", expect, plan, anticipate, intend, believe, estimate, predict, "seek", "contemplate", "project", potential , continue , or "ongoing" and the negative of these terms and other comparable terminology.