v3.25.2
Stock-Based Compensation (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Stock-Based Compensation [Abstract]    
Schedule of Stock Option Activity

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

 

   Options Outstanding 
           Weighted
Average
     
       Weighted-   Remaining     
       Average   Contractual   Aggregate 
   Number of   Exercise   Term   Intrinsic 
   Shares   Price   (in years)   Value 
Balance, January, 1 2025   4,329,617   $1.30    9.72    
 
Granted   
   $
        
 
Forfeitures/adjustments   
   $
        
 
Expired   
   $
        
 
Balance, March 31, 2025   4,329,617   $1.30    9.48   $11,689,966 
Exercisable at March 31, 2025   360,801   $1.30    9.48   $974,164 

A summary of stock option activity for the twelve months ended December 31, 2024 is as follows:

 

   Options Outstanding 
           Weighted
Average
     
       Weighted-   Remaining     
       Average   Contractual   Aggregate 
   Number   Exercise   Term   Intrinsic 
   of Shares   Price   (in years)   Value 
Balance, December 31, 2023   
   $
         
Granted   4,329,617   $1.30        
 
Forfeitures/adjustments   
   $
        
 
Expired   
   $
        
 
Balance, December 31, 2024   4,329,617   $1.30    9.72   $11,689,966 
Exercisable at December 31, 2024   90,200   $1.30    9.72   $243,541 
Schedule of Weighted-Average Assumptions Underlying the Black-Scholes  

The weighted-average assumptions underlying the Black-Scholes calculation of grant date fair value include the following:

 

   Year Ended
December 31,
2024
 
Risk-free interest rate  3.55%  
Expected volatility  103.8%  
Expected term  6.08 years  
Expected dividend yield 
 %
 
Weighted average grant date fair value per option  $2.20