Company: JUNS
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001641172-25-024684
Chunk: 12

Company: JUPITER NEUROSCIENCES, INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Item 8
Chunk 12
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    18

JUPITER
NEUROSCIENCES, INC.

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JUNE
30, 2025

Note
6 – Stockholders’ Equity, continued

Effective June 22, 2025, the Company entered into
an amendment with a warrant holder who holds warrants exercisable for 109,376 shares of common stock. The amendment extended the warrant’s
exercise period through August 31, 2025, and clarified the exercise mechanism applicable to the warrant. The effects of the warrant modification
were de minimis.

Restricted
Stock Units

No
restricted stock units were issued during the six months ended June 30, 2025. In June 2025, all then issued and outstanding restricted
stock units vested whereby 1,626,037 shares of common stock were freely tradeable by the Holder.

Note
7 – Commitments and Contingencies

Legal
Matters

From
time to time, claims are made against the Company in the ordinary course of business, which could result in legal proceedings. Claims
and associated litigation are subject to inherent uncertainties and unfavorable outcomes could occur, which could have a material adverse
effect on the Company’s results of operations for that period or future periods. 

    19

JUPITER
NEUROSCIENCES, INC.

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JUNE
30, 2025

Note
7 – Commitments and Contingencies, continued

 Leases

On
May 1, 2021, the Company entered into a 61-month operating lease for office space for a base rent of $3,783 subject to a 3% yearly escalation.

As
of June 30, 2025 and December 31, 2024, the Company’s operating lease right-of-use asset, net (ROU) is $46,649 and $69,642, respectively.
Related lease liability totaled $46,428 and $71,329, respectively, based on an incremental borrowing rate at lease inception.

Schedule
of Operating Lease Right-of-use Asset and Liability

    June 30,  
    December 31, 

    2025  
    2024 
  
    Operating lease right-of-use asset is summarized below: 

    Right-of-use asset 
    $236,009  
    $236,009