Company: TELO
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010298
Chunk: 12

Company: Telomir Pharmaceuticals, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Item 8
Chunk 12
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 Segment Information

    Three
    Months Ended March 31, 

    2025  
    2024 
  
    Revenues 
    $—  
    $— 
  
    Less segment expenses: 

    Research and
    development 
     336,996  
     804,023 
  
    Related party travel costs 
     -  
     370,500 
  
    General
    and administrative 
     1,850,786  
     741,541 
  
    Loss
    from operations 
    $2,187,872  
     1,916,064 
  
    Plus: 

    Interest
    income (expense),net 
     7,954  
     (4,338,543)
  
    Segment
    net loss 
    $(2,179,828) 
    $(6,254,607)

Note
8. Subsequent Events

ATM
Offering 

From
April 1, 2025  through May 13, 2025, under the ATM Agreement, the Company sold and issued 18,300
shares of Common Stock at a weighted average price per share
of $2.67,
and received net proceeds of approximately $47,769,
after deducting commissions and other fees in the amount of approximately $1,000.

Executive
Incentive Compensation Program

On
May 14, 2025, the compensation committee (the “Committee”) of Telomir Pharmaceuticals, Inc. (the “Company”) adopted
the Company’s Executive Incentive Compensation Plan (the “EICP”) for Erez Aminov, its Chairman and Chief Executive
Officer. The EICP was approved by the Committee following greater presentation of the EICP to the board of directors of the Company (the
“Board”). The specific terms of the EICP were prepared by the Board’s independent compensation consultant.

Under
the EICP, Mr. Aminov is eligible to receive an annual target bonus of $300,000, with a threshold value of $150,000 and a maximum bonus
of up to $600,000 (the “Annual Target Bonus”). The Annual Target Bonus is equally weighted (though as adjusted as appropriate)
based on the following three components: (i) achievement of clinical milestones for the Company’s drug candidates, (ii) entering
into certain strategic partnerships, and (iii)