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

The following represents a summary of the warrants outstanding at June 30, 2025 and changes during the periods then ended:

 

 

   Warrants   Weighted Average
Exercise Price
   Weighted Average Contract Life
(in Years)
   Aggregate Intrinsic
Value *
 
Outstanding at January 1, 2024   1,590,000   $0.77    5.5   $2,000 
Granted   -    -    -    - 
Exercised   -    -    -    - 
Expired/Forfeited   -    -    -    - 
Outstanding at December 31, 2024   1,590,000   $0.77    4.5   $23,670 
Granted   4,500,000    0.10    4.7    2,620,800 
Exercised   -    -    -    - 
Expired/Forfeited   (30,000)   -    -    - 
Outstanding at June 30, 2025   6,060,000   $0.27    4.5   $2,813,720 
Exercisable at June 30, 2025   3,059,667   $0.44    4.4   $1,066,326 
Expected to be vested   6,060,000   $0.27    4.5   $2,813,720 

 

* Based on the fair value of the Company’s stock on June 30, 2025 and December 31, 2024, respectively
SUMMARY OF STOCK OPTIONS OUTSTANDING

The following represents a summary of the options outstanding at June 30, 2025 and changes during the periods then ended:

 

 

   Options   Weighted Average
Exercise Price
   Weighted Average Contract Life
(in Years)
   Aggregate
Intrinsic
Value *
 
Outstanding at January 1, 2024   120,000   $0.50    3.2   $- 
Granted   -    -    -    - 
Exercised   -    -    -    - 
Expired/Forfeited   -    -    -    - 
Outstanding at December 31, 2024   120,000   $0.50    2.2   $- 
Granted   -    -    -    - 
Exercised   -    -    -    - 
Expired/Forfeited   -    -    -    - 
Outstanding at June 30, 2025   120,000   $0.50    1.7   $- 
Exercisable at June 30, 2025   120,000   $0.50    1.7   $- 
Expected to be vested   120,000   $0.50    1.7   $- 

 

* Based on the fair value of the Company’s stock on June 30, 2025 and December 31, 2024, respectively