v3.25.1
SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
SCHEDULE OF STOCK OPTION ASSUMPTIONS FOR GRANTS

The fair value of options and share awards granted under the stock option plan during the year ended December 31, 2023 was estimated at the date of grant using the Black-Scholes option pricing model and the following assumptions for grants:

SCHEDULE OF STOCK OPTION ASSUMPTIONS FOR GRANTS 

   2023 
Risk-free interest rates   3.58% - 4.39% 
Expected life of options   5 years 
Expected volatility   83.12% - 92.32% 
Expected dividend yield   0.00%
SUMMARY OF STOCK OPTION ACTIVITY

The following table summarizes stock option activity:

 

SUMMARY OF STOCK OPTION ACTIVITY

  

Number of

Options

  

Weighted Average

Exercise Price

  

Weighted Average

Remaining

Contractual Term

 
Balance at January 1, 2023   1,566   $4,505.53      
Granted   1,499    455.86      
Forfeited/Expired   (55)   4,797.05      
Balance at December 31, 2023   3,010    2,482.84    8.71 
Forfeited/Expired   (218)   3,384.60      
Balance at December 31, 2024   2,792    2,419.99    7.72 
Exercisable at December 31, 2024   1,541   $2,903.44    7.49 
SUMMARY OF NON-VESTED STOCK OPTION

The following table summarizes the Company’s non-vested stock options:

 

SUMMARY OF NON-VESTED STOCK OPTION

   Non-vested Options Outstanding   Weighted-Average Grant Date Fair Value 
At January 1, 2023   1,301   $2,574.83 
Options granted   1,499    309.28 
Options forfeited/cancelled   (16)   85.43 
Options vested   (466)   2,474.57 
At December 31, 2023   2,318    1,133.36 
Options forfeited/cancelled   (142)   953.74 
Options vested   (924)   1,014.71 
At December 31, 2024   1,252   $1,127.38 
SUMMARY OF RESTRICTED STOCK AWARDS

The following table summarizes the restricted stock awards activity:

 

SUMMARY OF RESTRICTED STOCK AWARDS

   Restricted Stock Awards   Weighted-Average Grant Date Fair Value Per Share 
Outstanding at January 1, 2023   11.95   $3,468.54 
Granted   80.00    443.90 
Forfeited   (0.53)   1.93 
Vested   (86.50)   704.77 
Outstanding at December 31, 2023   4.92   $3,468.54 
Forfeited   (3.68)   1,161.51 
Vested   (1.24)   3,468.54 
Outstanding at December 31, 2024  $-   $-