Stockholders’ Equity

6 Months Ended

Jun. 30, 2025

6. STOCKHOLDERS’ EQUITY

Issuance of Options

A summary of the status of the Company’s stock options and changes is set forth below:

	Number of Options (#)		Weighted Average Exercise Price ($)		Weighted Average Grant Date Fair Value ($)		Weighted Average Remaining Contractual Life (Years)
Balance - December 31, 2024		2,000,000		2.39		1.20		4.80
Granted		—		—		—		—
Exercised		—		—		—		—
Expired		—		—		—		—
Cancelled		—		—		—		—
Balance - June 30, 2025		2,000,000		2.39		1.20		4.30
Options exercisable at end of period		1,200,000		0.97		1.20		3.55

The outstanding options do not have an intrinsic value as of June 30, 2025 or December 31, 2024.

As of June 30, 2025, there was approximately $960,000 of unrecognized compensation expense related to nonvested stock option awards that is expected to be recognized over a weighted average expected term of approximately 5.73 years.

Issuance of Warrants

A summary of the status of the Company’s warrants and changes is set forth below:

	Number of Warrants (#)		Weighted Average Exercise Price ($)		Weighted Average Remaining Contractual Life (Years)
Balance - December 31, 2024		962,463		0.54		6.14
Granted		—		—		—
Exercised		—		—		—
Expired		—		—		—
Cancelled		—		—		—
Balance - June 30, 2025		962,463		0.54		5.64

The warrants contain certain minimum ownership percentage antidilution rights pursuant to which the aggregate number of shares of common stock purchasable upon the initial exercise of the warrant shall not be less than 10% of the aggregate number of outstanding shares of capital stock of the Company (determined on a fully diluted basis). The outstanding warrants do not have an intrinsic value as of June 30, 2025 or December 31, 2024.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

QUEST PATENT RESEARCH CORP 10-Q