v3.25.1
Equity (Tables)
12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Schedule of Warrants Activity

The following table contains additional information concerning warrants activity for the years 2024 and 2023:

 

   For the year ended December 31, 
   2024   2023 
   Number
of
warrants
   Weighted
average
exercise
price
   Number
of
warrants
   Weighted
average
exercise
price
 
Outstanding at the beginning of the year   202,251   $23.31    202,251   $23.31 
Issued   8,954,287   $1.19    
-
    
-
 
Exercised   (1,511,429)  $0.001    
-
   $
-
 
Outstanding and exercisable at year-end   7,645,109   $2.007    202,251   $23.31 
Schedule of Warrants Outstanding

Set forth below is data regarding the range of exercise prices and remaining contractual life (in years) for warrants outstanding at December 31, 2024:

 

Number of Warrants  Exercise Price Per Share   Issuance date  Expiration date
22,750  $10.00   February 26, 2020  February 24, 2025
160,727  $25.00   February 12, 2021  February 9, 2026
18,774  $25.00   February 17, 2021  February 9, 2026
3,571,429  $1.40   May 29, 2024  December 1, 2025(i)
3,571,429  $1.40   May 29, 2024  November 29, 2029 (ii)
125,000  $1.75   May 29, 2024  December 1, 2025(i)
125,000  $1.75   May 29, 2024  May 27, 2029 (iii)
25,000  $3.25   November 26, 2024  February 2, 2027
25,000  $4.25   November 26, 2024  February 2, 2027
7,645,109           

 

(i)The earlier of (a) December 1, 2025 and (b) the 60th day following the occurrence of the Series A Milestone Event.
(ii)The earlier of (a) November 29, 2029 and (b) the 60th day following the occurrence of the Series B Milestone Event.
(iii)The earlier of (a) May 27, 2029 and (b) 60 days following the Series B Milestone Event.