v3.25.1
Equity incentive plan (Tables)
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Assumptions Used to Estimate the Fair Value of the Stock Option

The fair value of the stock options was estimated using the Black-Scholes option-pricing model. The following table summarizes the significant assumptions used to estimate the fair value of the stock option.

 

Expected term   5 years 
Expected volatility   49.04%
Expected dividend rate   0.00%
Risk-free rate   3.75%
Schedule of Stock Option Activity

The following is a summary of stock option activity under the Company’s Equity Incentive Plan during the three months ended March 31, 2025:

 

Schedule of Stock Option Activity

   Number of shares   Weighted-Average Grant-Date Fair Value   Weighted-average remaining contractual term (in years) 
Unvested balance as of December 31, 2024   2,640,250   $3.13      
Granted   5,000    0.96      
Vested   (1,122,925)   3.13      
Unvested balance as of March 31, 2025   1,522,325   $3.12    9.5