Company: JUNS
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001261
Chunk: 468

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 11
Chunk 468
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    Fair value change 
     (148,751)
  
    Balance at December 31, 2023 
    $1,505,398 
  
    Fair value change 
     53,257 
  
    Extinguishment of derivative liability - Note II 
     (1,359,362)
  
    Fair value at issuance on April 29, 2024 - Senior Secured Note 
     407,494 
  
    Repayment of derivative liability 
     (606,787)
  
    Fair value at issuance 
     407,494 
  
    Derivative liability  Balance  
    $606,787 

    Balance at December 31, 2024 
    $-
  
    Derivative liability Balance  
    $- 

Note
6 – Stockholders’ Equity (Deficit)

Common
Stock

The
Company is authorized to issue 125,000,000 shares of common stock and 5,000,000 shares of preferred stock. The Company had 33,103,860
shares of common stock issued and outstanding as of December 31, 2024. There was no preferred stock issued and outstanding as of December
31, 2024.

On
June 3, 2024, the Company entered into a three 36-month service agreement with three different entities. The Company issued an aggregate
of 3,487,500 restricted shares of common stock, 1,162,500 restricted shares of common stock to each entity. The shares were registered
upon the Company’s offering that closed in December 2024. In addition, each of the entities purchased 37,500 shares each of the
Company’s common stock at a price of $1.33 per share prior to the occurrence of the Company’s offering. As of December, 31,
2024, the Company issued 112,500 common stock and the Company received an aggregate of $150,000 for the sale of the Company’s common
stock from the three entities. These shares were also registered upon the closing of the Company’s offering. The aggregate value
of $4,638,375 related to the 3,487,500 restricted shares will be recognize as compensation expense from the date the obligations are
met with the remaining expense being amortized over the remaining term of the 36-months per the services agreements. As of December 31,
2024, the Company recorded compensation expense for services provided of $893,