Company: IMNN
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022120
Chunk: 14

Company: Imunon, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 14
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 Black-Scholes option pricing model:

 Schedule of Assumptions Used to Determine Fair Value of Options Granted

    For the Nine Months Ended September 30, 

    2025  
    2024 

    Risk-free interest rate 
    4.22 to 4.55% 
    3.72 to 4.31%

    Expected volatility 
    110.74 to 123.22% 
    101.74 to 115.81%

    Expected life (in years) 
    9.0 to 10.0  
    9.0 to 10.0 

    Expected dividend yield 
     0.0% 
     0.0%

Expected
volatilities utilized in the model are based on historical volatility of the Company’s stock price. The risk-free interest rate
is derived from values assigned to U.S. Treasury bonds with terms that approximate the expected option lives in effect at the time of
grant.

    15

Note
9. Warrants 

The following
is a summary of all warrant activity for the nine-month period ended September 30, 2025:

 Schedule of Warrant Activity

    Warrants 
    Number of Warrants Issued  
    Weighted Average Exercise Price 

    Warrants outstanding at January 1, 2025 
     395,224  
    $32.74 

    Warrants issued 
     1,475,838  
     4.54 

    Warrants exercised – cashless 
     (223,946) 
     - 

    Warrants exercised 
     (671,732) 
     5.16 

    Warrants expired 
     (10,137) 
     242.61 

    Warrants outstanding at September 30, 2025 
     965,247  
    $8.18 

    Aggregate intrinsic value of outstanding warrants at September 30, 2025 
    $-  

    Weighted average remaining contractual terms at September 30, 2025 
     2.8 years  

Note
10. Leases 

Lawrenceville,
New Jersey Lease

In
August 2023, the Company renewed its Lawrenceville office lease for a 24-month agreement for 9,850 square feet with monthly rent payments
of approximately $22,983 to $23,394.