v3.25.1
Stock Options and Warrants
 3 Months Ended
Mar. 31, 2025
Stock Options and Warrants [Abstract]  
Stock Options and Warrants

Note 14 – Stock Options and Warrants

 

The following table summarizes the options outstanding, option exercisability and the related prices for the shares of the Company’s common stock issued to employees and consultants under a stock option plan at March 31, 2025:

 

   Options Outstanding   Options Exercisable 
Exercise Prices ($)  Number
Outstanding		  Weighted
Average
Remaining
Contractual
Life
(Years)		   Weighted
Average
Exercise
Price ($)		   Number
Exercisable		  Weighted
Average
Exercise
Price ($)		 
$   2.98-7.74  252,102   0.71   $6.15   252,102  $6.15 

 

The stock option activity for the three months ended March 31, 2025 is as follows:

 

   Options
Outstanding		   Weighted Average
Exercise Price		 
Outstanding at December 31, 2024   252,102   $6.15 
Granted   
-
    
-
 
Exercised   
-
    
-
 
Expired or canceled   
-
    
-
 
Outstanding at March 31, 2025   252,102   $6.15 

 

Stock-based compensation expense related to vested options was $0 during both the three months ended March 31, 2025 and 2024. Stock options outstanding as of March 31, 2025, as disclosed in the above table, have an intrinsic value of $0.

 

The following table summarizes the changes in warrants outstanding and the related prices for the shares of the Company’s common stock issued to the underwriter in conjunction with the initial public offering at March 31, 2025:

 

    Warrants Outstanding   Warrants Exercisable 
Exercise Price ($)   Number
Outstanding		  Weighted
Average
Remaining
Contractual
Life
(Years)		   Weighted
Average
Exercise
Price ($)		   Number
Exercisable		  Weighted
Average
Exercise
Price ($)		 
$11.70   103,500   3.8   $11.70   103,500  $11.70 

 

The warrant activity for the three months ended March 31, 2025 is as follows:

 

   Warrants
Outstanding		   Weighted Average
Exercise Price		 
Outstanding at December 31, 2024   103,500   $11.70 
Granted   
-
    
-
 
Exercised   
-
    
-
 
Expired or canceled   
-
    
-
 
Outstanding at March 31, 2025   103,500   $11.70 

 

Stock warrants outstanding as of March 31, 2025, as disclosed in the above table, have an intrinsic value of $0.