Company: MIRA
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024077
Chunk: 8

Company: MIRA PHARMACEUTICALS, INC.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 8
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2025 AND 2024

(Unaudited)

During
the six months ended June 30, 2024, a total of 1,154,000 options to purchase Common Stock, with an aggregate fair market value of approximately
$1.1 million were granted to the members of the Company’s Board of Directors, executive officers and consultants of the Company.
The options have a term of 10 years from the grant date. These options vest over various terms ranging from immediate vesting upon grant
to the one year anniversary of the grant date. These option vest as follows: (i) Board of Director and consultant options vested 50%
at grant and the remaining vest at one-year anniversary of date of grant, and (ii) executive officer option grants vest 50% at 6 months
from date of grant and at one-year anniversary of grant date.

During
the six months ended June 30, 2025, a total of 75,000
options to purchase Common Stock, with an aggregate fair market value of approximately $87,000
for a weighted average fair value of $1.16 per option, were granted to the members of the Company’s Board of Directors,
executive officers and consultants of the Company. The options have a term of 10
years from the grant date. These options vest over various terms ranging from immediate vesting upon grant to the one-year
anniversary of the grant date.

 Schedule
of option activity

    Number
    of Shares  
    Weighted
    Average Exercise Price Per Share  
    Weighted
    Average Remaining Contractual Life (Years)  
    Aggregate
                                                                               Intrinsic Value 
  
    Outstanding as December 31, 2023 
     1,215,001  
    $5.29  
     8.7  
    $           - 
  
    Options granted 
     1,154,000  
    $1.07  
     -  
    $- 
  
    Forfeitures 
     (426,667) 
    $5.00  
     -  
    $- 
  
    Outstanding as June 30, 2024 
     1,942,334  
     2.84  
        
    $- 
  
    Outstanding as December 31, 2024 
     4,235,666  
    $1.83