Quarterly report [Sections 13 or 15(d)]

DEFERRED RD OBLIGATIONS PARTICIPATION AGREEMENTS (Details)

v3.25.3
DEFERRED RD OBLIGATIONS PARTICIPATION AGREEMENTS (Details)
9 Months Ended
Sep. 30, 2025
USD ($)
$ / shares
shares
Amount Funded $ 850,000
Warrants | shares 4,373
Revenue Share 12.75%
Minimum Payment Threshold $ 420,000
Agreement 2  
Amount Funded $ 150,000
Warrants | shares 937
Revenue Share 2.25%
Minimum Payment Threshold $ 0
Date of Funding April 13, 2020
Term 5 Years
Exercise price | $ / shares $ 57.60
Buy-back Premium Percentage Pre-18 Mos. 40.00%
Buy-back Premium Percentage Post-18 Mos. 40.00%
Agreement 3  
Amount Funded $ 150,000
Warrants | shares 937
Revenue Share 2.25%
Minimum Payment Threshold $ 0
Date of Funding April 13, 2020
Term 5 Years
Exercise price | $ / shares $ 57.60
Buy-back Premium Percentage Pre-18 Mos. 40.00%
Buy-back Premium Percentage Post-18 Mos. 40.00%
Agreement 4  
Amount Funded $ 250,000
Warrants | shares 1,562
Revenue Share 3.75%
Minimum Payment Threshold $ 0
Date of Funding May 7, 2020
Term 5 Years
Exercise price | $ / shares $ 57.60
Buy-back Premium Percentage Pre-18 Mos. 40.00%
Buy-back Premium Percentage Post-18 Mos. 40.00%
Agreement 12  
Amount Funded $ 300,000
Warrants | shares 937
Revenue Share 4.50%
Minimum Payment Threshold $ 420,000
Date of Funding September 25, 2020
Term 5 Years
Exercise price | $ / shares $ 57.60
Buy-back Premium Percentage Pre-18 Mos. 40.00%
Buy-back Premium Percentage Post-18 Mos. 50.00%