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If it's bugging you now, it'll bug you in the future. IMO you should deal with it head-on, soon.

Curious - why would you not have created a new company when you started working with this person, instead of joining their legacy company with the long-gone co-founders holding equity? What is the existing company organization bringing to the table if there was no product released, and now there is a product released with 100% your IP?

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As far as I can tell, the vision and values of the company have remained largely the same since its inception. The big missing piece was a product; although, even after the release, product-market fit still hasn't been completely established.

I think it would be wrong to just ignore the hard work put in during those first two years, even though there wasn't anything tangible to show for it, except for a few mockup and some broken code (which is currently not being used at all). I'd feel a little guilty if (let's say), the product takes off and the original co-founders received nothing because a new entity was formed even though the idea remains the same.

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