Warrants to Purchase Common Stock

3 Months Ended

12 Months Ended

Mar. 31, 2025

Dec. 31, 2024

5. Warrants to Purchase Common Stock

The following table presents the Company’s warrants as of March 31, 2025:

	Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Life (in years)
Warrants as of December 31, 2024		88,510	$	14.54		3.26
Issued		-	$	-		-
Forfeited		-	$	-		-
Exercised		-	$	-		-
Warrants as of March 31, 2025		88,510	$	14.54		3.01

At March 31, 2025, warrants for the purchase of 88,510 shares were vested and no warrants remained unvested.

5. Warrants to Purchase Common Stock

The following table presents the Company’s warrants as of December 31, 2024 and 2023:

	Number of Shares			Weighted Average Exercise Price		Weighted Average Remaining Life (in years)
Warrants as of December 31, 2022		109,584		$	13.25		4.53
Issued		-		$	-		-
Forfeited		-		$	-		-
Exercised		-		$	-		-
Warrants as of December 31, 2023		109,584		$	13.25		3.53
Issued		-		$	-		-
Forfeited		(21,074	)	$	7.80		-
Exercised		-		$	-		-
Warrants as of December 31, 2024		88,510		$	14.54		3.26

During the years ended December 31, 2024 and 2023, stock-based compensation related to warrants totaled $85,016 and $127,520, respectively.

At December 31, 2024, warrants for the purchase of 88,510 shares were vested and no warrants remained unvested.