| Schedule of Stock Option Activity |
Stock option activity under
the 2024 Plan for the three months ended March 31, 2025 was as follows:
| | | | | | | | | Weighted | | | | | | | | Weighted | | | Average | | | | | | | | Average | | | Remaining | | | | | | | | Exercise | | | Contractual | | | | | Outstanding | | | Price Per | | | Life | | | | | Shares | | | Share | | | (in Years) | | | Balance, December 31, 2024 (Successor) | | | 3,247 | | | $ | 200.00 | | | | 9.64 | | | Options granted | | | 20,313 | | | $ | 28.60 | | | | - | | | Balance, March 31, 2025 (Successor) | | | 23,560 | | | $ | 52.20 | | | | 9.86 | | | Options exercisable as of March 31, 2025 | | | 3,550 | | | $ | 151.20 | | | | 9.57 | |
|
Predecessor’s Stock
option activity for the period from December 31, 2023 through February 14, 2024 and the Company’s stock option activity for the
period from February 14, 2024 through December 31, 2024, was as follows:
| | | | | | | | | Weighted | | | | | | | | Weighted | | | Average | | | | | | | | Average | | | Remaining | | | | | | | | Exercise | | | Contractual | | | | | Outstanding | | | Price Per | | | Life | | | | | Shares | | | Share | | | (in Years) | | | Balance, December 31, 2023 (Predecessor) | | | 25 | | | $ | 8,378.40 | | | | 6.86 | | | Options cancelled (Predecessor) | | | (25 | ) | | $ | 8,378.40 | | | | | | | Balance, February 14, 2024 (Predecessor) | | | - | | | $ | - | | | | - | | | | | | | | | | | | | | | | | Balance, February 14, 2024 (Predecessor) | | | - | | | $ | - | | | | - | | | Options granted (Successor) | | | 4,909 | | | $ | 1,818.20 | | | | - | | | Options cancelled (Successor) | | | (1,662 | ) | | $ | 2,922.40 | | | | - | | | Balance, December 31, 2024 (Successor) | | | 3,247 | | | $ | 200.00 | | | | 9.64 | | | Options exercisable as of December 31, 2024 | | | 2,474 | | | $ | 200.00 | | | | 9.68 | |
|
| Schedule of Estimated the Fair Value of the Stock Options |
The Company estimated the
fair value of the stock options during the three months ended March 31, 2025 using Black-Scholes with the following assumptions.
| | | March 31, | | | | | 2025 | | | | | (Successor) | | | Risk-free interest rate | | | 4.01 | % | | Expected life (in years) | | | 5.0 | | | Expected dividend yield | | | - | % | | Expected volatility | | | 121.09 | % |
|
The Company estimated the
fair value of the stock options during the year ended December 31, 2024 using Black-Scholes with the following assumptions.
| | |
| December 31, | |
| | |
| 2024 | |
| | |
| (Successor)
| |
| Risk-free interest rate | |
| 3.75%
to 4.89 | % |
| Expected life (in years) | |
| 5.0
to 7.0 | |
| Expected dividend yield | |
| - | % |
| Expected volatility | |
| 62.4% to 106.6 | % |
|