v3.25.2
STOCKHOLDERS’ DEFICIT (Tables)
6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
SCHEDULE OF WARRANTS OUTSTANDING

The following table is a summary of the Company’s warrants outstanding and exercisable as of June 30, 2025.

 

         Exercise Price   Number of Warrants
Outstanding and Common
Stock Underlying Warrants
 
   Issuance Date  Expiration Date  per Share   June 30, 2025   December 31, 2024 
Unmodified August 2022 Warrants(1)  August 25, 2022  August 25, 2027  $13.20    433,321    433,321 
Modified August 2022 Warrants(1)  August 25, 2022  August 25, 2027  $4.13    55,553    55,553 
January 2024 Purchase Warrants(2)  January 26, 2024  July 26, 2029  $4.13    171,000    171,000 
July 2024 Purchase Warrants(2)  July 9, 2024  July 9, 2027  $2.25    1,248,527    1,248,527 
August 2024 Purchase Warrants(2)  August 1, 2024  August 1, 2029  $1.36    2,566,667    2,566,667 
March 2025 Warrants(1)  March 12, 2025  March 12, 2030  $0.50 (3)   12,298,177    - 
               16,773,245    4,475,068 

 

  (1) Liability classified
  (2) Equity classified
  (3) The exercise price will be discounted to $0.25 if the warrants are exercised prior to March 12, 2027
SCHEDULE OF STOCK OPTION ACTIVITY

The following table summarizes stock option activity for the 2019 Plan during the six months ended June 30, 2025.

 

      
Options outstanding at December 31, 2024   861,342 
Options granted   120,900 
Options forfeited or expired   (301,749)
Options outstanding at June 30, 2025   680,493 
SUMMARY OF RSU ACTIVITY

The following table summarizes RSU activity for the 2019 Plan during the six months ended June 30, 2025.

 

      
RSUs outstanding at December 31, 2024   149,061 
RSUs granted   6,458 
RSUs vested and issued   (131,926)
RSUs forfeited or expired   (5,000)
RSUs outstanding at June 30, 2025   18,593 
      
RSUs vested and unissued at June 30, 2025   18,593 
ALLOCATION OF NON-CASH STOCK BASED COMPENSATION EXPENSE BY FUNCTIONAL AREA

The allocation of non-cash stock-based compensation expense by functional area for the three and six months ended June 30, 2025 and 2024 was as follows.

 

(in thousands)  2025   2024   2025   2024 
   Three Months Ended   Six Months Ended 
   June 30,   June 30, 
(in thousands)  2025   2024   2025   2024 
Cost of revenue  $2   $8   $9   $26 
Research and development   (9)   24    1    90 
Sales and marketing   (5)   19    18    44 
General and administrative   27    71    90    324 
Total  $15   $122   $118   $484