v3.25.2
Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2025
Retirement Benefits [Abstract]  
Schedule of Restricted Stock

The following table summarizes restricted stock activity during the six months ended June 30, 2025:

 

Schedule of Restricted Stock 

  

Unvested

Shares

  

Issuable

Shares

  

Fair Value

at Date of

Issuance

  

Weighted

Average

Grant Date

Fair Value

 
Balance, December 31, 2024   1,320,834    -   $4,531,224   $3.43 
Granted   450,000    -    405,000    0.90 
Vested   (339,584)   339,584    -    - 
Forfeited   -              - 
Issued   -    (339,584)   (1,063,917)   - 
Balance, June 30, 2025   1,431,250    -   $3,872,307   $2.71 
Schedule of Stock Options

A summary of stock option activity is presented below:

 

Schedule of Stock Options 

   Number of   Weighted Average 
   Options   Exercise Price 
         
Stock options outstanding at December 31, 2024   4,122,830   $4.28 
Granted   1,170,000    0.92 
Exercised   -    - 
Expired or forfeited   (1,166,208)   (4.26)
Stock options outstanding at June 30, 2025   4,126,622   $3.21 
Stock options exercisable at June 30, 2025   2,261,900   $3.84 
Schedule of Options Summarized by Exercise Price

The exercise prices of common stock options outstanding and exercisable at June 30, 2025 are as follows:

 

Schedule of Options Summarized by Exercise Price 

Exercise Prices  Options Outstanding (Shares)   Options Exercisable (Shares) 
$0.92   1,070,000    59,444 
$1.05   7,500    7,500 
$1.25   24,000    24,000 
$1.50   400,000    400,000 
$3.35   61,000    61,000 
$4.22   2,562,500    1,708,333 
$363.17   1,622    1,623 
     4,126,622    2,261,900