v3.25.1
Stockholders’ Equity (Tables)
12 Months Ended
Dec. 31, 2024
Stockholders’ Equity [Abstract]  
Schedule of Weighted Average Assumptions Used to Estimate the Fair Value of Stock Options Granted

The following table reflects the weighted average assumptions used to estimate the fair value of stock options granted during the year ended December 31, 2024:

 

   2024 
Volatility   110.42%
Expected life (years)   6.0 
Risk-free interest rate   4.26%
Dividend rate   %

The following table reflects the weighted average assumptions used to estimate the fair value of stock warrants granted during the year ended December 31, 2024:

 

   2024 
Volatility   79.42%
Expected life (years)   2 
Risk-free interest rate   3.95%
Dividend rate   %
Schedule of Stock Option Activity

The following table summarizes the stock option activity for the years ended December 31, 2024 and 2023:

 

   Options  

Weighted-
Average

Exercise Price

Per Share

 
Outstanding, December 31, 2023   -   $- 
Granted   235,000   $2.02 
Exercised   -   $- 
Forfeited   -   $- 
Expired   -   $- 
Outstanding and expected to vest, December 31, 2024   235,000   $2.02 
Schedule of Information Regarding Outstanding and Exercisable Options and Warrants

The following table discloses information regarding outstanding and exercisable options at December 31, 2024:

 

    Outstanding   Exercisable 
Exercise Price Range  

Number of

Option

Shares

  

Weighted

Average

Exercise Price

  

Weighted Average

Remaining

Life (Years)

  

Number of

Option

Shares

  

Weighted

Average

Exercise Price

 
$2.02    235,000   $2.02    9.19    -   $            - 
      235,000   $2.02    9.19    -   $- 

The following table discloses information regarding outstanding and exercisable warrants at December 31, 2024:

 

    Outstanding   Exercisable 
Exercise Price Range  

Number of

Warrant

Shares

  

Weighted

Average

Exercise Price

  

Weighted Average

Remaining

Life (Years)

  

Number of

Warrant

Shares

  

Weighted

Average

Exercise Price

 
$0.75    1,200,000   $0.75    1.80    1,200,000   $0.75 
$11.50    14,714,000   $11.50    3.77    14,714,000   $11.50 
      15,914,000    10.69    3.62    15,914,000    3.62 
Schedule of Summarizes the Stock Warrant Activity

The following table summarizes the stock warrant activity for the years ended December 31, 2024 and 2023:

 

   Warrants  

Weighted-
Average

Exercise Price

Per Share

 
Outstanding and exercisable, January 1, 2023   -   $- 
Granted   14,564,000   $11.50 
Exercised   -   $- 
Forfeited   -   $- 
Expired   -   $- 
Outstanding, December 31, 2023   14,564,000   $11.50 
Granted   1,650,000   $2.82 
Exercised   
 
   $- 
Forfeited   (300,000)  $11.50 
Expired   -   $- 
Outstanding and expected to vest, December 31, 2024   15,914,000   $10.69