v3.25.2
Stock Options (Tables)
6 Months Ended
Jun. 30, 2025
Stock Options  
Summary of fair value of stock option awards granted

Fair value

 

$1,901,360

 

Options issued

 

 

400,000

 

Exercise price

 

$11.50

 

Expected term (in years)

 

 

3.0

 

Risk-free rate

 

 

4.34%

Volatility

 

 

64.2%
Summary of stock option activity

 

 

Number of Options

 

 

Weighted Average Exercise Prices

 

Balance December 31, 2024

 

 

77,000

 

 

$5.17

 

Granted

 

 

400,000

 

 

$11.50

 

Exercised

 

 

(20,000)

 

$5.25

 

Outstanding at June 30, 2025

 

 

457,000

 

 

$10.71