Quarterly report [Sections 13 or 15(d)]

Stockholders??? Equity (Tables)

v3.25.1
Stockholders’ Equity (Tables)
3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Schedule of Activity of warrants

A summary of activity of the warrants during the three months ended March 31, 2025 as follows:

 

 

    Number of     Weighted average     Average  
    shares     Exercise Price     Life (years)  
Outstanding, December 31, 2024     5,402,306     $ 2.50       5.35  
Exercised *     (1,162,802 )     2.25       -  
Exercised     (1,068,332 )     2.25       -  
Outstanding, March 31, 2025     3,171,172     $ 2.68       5.02  
                         
Exercisable, March 31, 2025     2,533,542     $ 2.87       5.10  

 

*   Prefunded warrants issued in December 2024
Schedule of Utilizes Black-Scholes Model to Value of Stock Options

The Company utilizes the Black-Scholes model to value its stock options. The Company utilized the following assumptions:

 

    Three months ended  
    March 31,  
    2025  
Expected term     3.50 years  
Expected average volatility     189 %
Expected dividend yield     -  
Risk-free interest rate     4.27 %
Schedule of Activity of Stock Options

A summary of activity of the stock options during the three months ended March 31, 2025, is as follows:

 

    Options Outstanding     Weighted Average  
    Number of     Weighted Average     Remaining life  
    Options     Exercise Price     (years)  
                   
Outstanding, December 31, 2024     64,752     $ 11.67       3.82  
Granted     265,000       2.57       5.00  
Exercised     -       -       -  
Forfeited/canceled     -       -       -  
Outstanding, March 31, 2025     329,752     $ 4.36       4.59  
                         
Exercisable options, March 31, 2025     35,088     $ 8.01       3.73