v3.25.1
Equity (Tables)
3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Schedule of Warrants Issued and Outstanding

Warrants issued and outstanding in connection with above Lind convertible notes as of March 31, 2025, and their activities during the three-month period ended are as follows:

 

   Number of
Underlying
Shares
   Weighted-
Average
Exercise
Price
Per Share
   Weighted-
Average
Contractual
Life
Remaining
in Years
   Aggregate
Intrinsic
Value
 
Outstanding as of January 1, 2025   2,029,167   $0.70*   4.20   $195,542 
Issued   
-
    
-
    
-
    
-
 
Exercised   (1,029,167)  $0.40    
-
    
-
 
Outstanding as of March 31, 2025   1,000,000   $0.40    4.14   $60,000 

  

*On January 5, 2025, the Company and Lind entered into a third letter agreement (the “December Letter Agreement”), pursuant to which Lind agreed to exercise for cash, 1,029,167 of the Existing Warrants to purchase shares of Common Stock, with a current exercise price of $0.75 per share, at a reduced exercise price of $0.40 per share. The weighted average exercise price per share as of December 31, 2024 was adjusted to the reduction accordingly.