v3.25.1
Shareholders’ Equity (Tables)
12 Months Ended
Dec. 31, 2024
Shareholders’ Equity [Abstract]  
Schedule of Fair Value of Net Proceeds The fair value of the warrants of $12.2 million is valued based on the Black-Scholes-Merton model and is recorded as additional paid-in capital from common stock on the relative fair value of net proceeds received using the following assumptions:
Annual dividend yield   -  
Expected life (years)     3.5  
Risk-free interest rate     1.01 %
Expected volatility     152.16 %
Schedule of Warrants Outstanding and Exercisable

Following is a summary of the status of warrants outstanding and exercisable as of December 31, 2024:

 

   Warrants   Weighted Average Exercise Price 
Warrants outstanding, as of December 31, 2022 
 
  
 
Issued   1,652,175   $8.3 
Exercised   
-
    
-
 
Expired   
-
    
-
 
Warrants outstanding, as of December 31, 2023   1,652,175   $8.3 
Issued   
-
    
-
 
Exercised   
-
    
-
 
Expired   
-
    
-
 
Warrants outstanding, as of December 31, 2024   1,652,175   $8.3 
Warrants exercisable, as of December 31, 2024   1,652,175   $8.3