10. Subsequent Events

On April 2, 2025, our board of directors approved an Equity Incentive Plan (the “2025 Plan) that remains subject to shareholder approval and ratification. The 2025 Plan provides for the grant of incentive stock options, qualified stock options, restricted stock awards, restricted stock units, stock appreciation rights, and performance shares or units and cash awards. Awards may be granted under the 2025 Plan to our employees, directors and independent contractors.  the aggregate number of shares of Common Stock which shall be available for grants or payments of Awards under the 2025 Plan during its term shall initially be 1,500,000 (the “Total Plan Shares”). The Total Plan Shares will automatically increase on January 1st of each year, for a period of nine years commencing on January 1, 2026, in an amount equal to 5% of the total number of shares of Common Stock outstanding as of December 31 of the preceding calendar year on a fully diluted basis. The 2025 Plan also provides that, notwithstanding the annual increase provision, in no event will the increase in Total Plan Shares available under the 2025 Plan pursuant to the increase provision exceed 2,500,000 additional shares (or a total of up to 4,000,000 Total Plan Shares), subject to adjustment as provided under the 2025 Plan. The 2025 Plan is effective as of March 31, 2025; however, the 2025 Plan is subject to approval of our stockholders which the Company is seeking at its annual meeting of stockholders schedule for June 25, 2025. The prior 2015 Plan expires on June 29, 2025. See Note 6.