Company: BFRG
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001493152-25-010367
Chunk: 1370

Company: BullFrog AI Holdings, Inc.
Filing Date: 2025-03-14
Form: 10-K
Item: Item 16
Chunk 1370
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 shares of preferred stock, 6,935,042 warrants and 832,731 options for common shares were excluded from the calculation of net
loss per common share. As of December 31, 2023, 73,449 shares of preferred stock, 3,521,880 warrants and 527,717 options for common shares
were excluded from the calculation of net loss per common share. For the year ended December 31, 2024, 430,108 pre-funded warrants are
included in the calculation of net loss per common share.

2022
Equity Incentive Plan 

In
November 2022, the Company’s Board of Directors adopted, and its shareholders approved the 2022 Equity Incentive Plan (the “Plan”).
The Plan provides for the granting of equity-based awards to employees, directors, and consultants. The Plan provides for equity-based
awards including incentive stock options, non-qualified stock options, stock appreciation rights, performance share awards, cash awards
and other equity-based awards. Awards are limited to a maximum term of 10 years and any exercise prices shall not be less than 100% of
the fair market value of one share of common stock on the grant date. The Plan authorized an initial maximum number of shares underlying
awards of 900,000 with an automatic annual increase to an amount equal to 15% of the total number of shares outstanding as of the end
of the preceding fiscal year. As of December 31, 2024, there are 150,682 awards authorized but unissued available under the Plan.

Stock
Options

The
following table summarizes the stock option activity for the years ended December 31, 2024 and 2023:

 Schedule of Stock Options Activity   

    Number of Shares  
    Weighted-Average Exercise Price

    Weighted- Average Remaining Contractual Term (Years)  
    Aggregate Intrinsic Value 
  
    Outstanding at December 31, 2022 
     69,217  
    $3.06  
     7.1  
    $- 
  
    Granted 
     458,500  
    $4.34  

    Exercised 
     -  
    $-  

    Forfeited / canceled 
     -  
    $-  

    Outstanding at December 31, 2023 
     527,717  
    $4.17