v3.25.2
Share Based Compensation
 6 Months Ended
Jun. 30, 2025
Share Based Compensation [Abstract]  
SHARE BASED COMPENSATION

NOTE 5 - SHARE BASED COMPENSATION

 

The following table presents the Company’s stock option activity for the three months ended June 30, 2025:

 

   Number of
Options		   Weighted
Average
Exercise
Price		 
Outstanding at December 31, 2024   2,426,812    0.81 
Granted   2,070,000    0.21 
Exercised   
-
    
-
 
Forfeited or expired   
-
    
-
 
Outstanding at June 30, 2025   4,496,812    0.54 
Number of options exercisable at June 30, 2025   2,426,812    0.81 

 

The aggregate intrinsic value of the awards outstanding as of June 30, 2025 is $72. These amounts represent the total intrinsic value, based on the Company’s stock price of $0.161 as of June 30, 2025, less the weighted exercise price.

 

The stock options outstanding as of June 30, 2025, have been separated into exercise prices, as follows:

 

Exercise price   Stock
options
outstanding		   Weighted average
remaining contractual
life – years		   Stock options
exercisable		 
    As of June 30, 2025 
0.0001    450,000    0.73    450,000 
0.21    2,070,000    5.72    
-
 
0.38    1,256,822    2.03    1,256,822 
1.00    99,369    2.00    99,369 
2.25    620,621    2.00    620,621 
     4,496,812    3.59    2,426,812 

 

Compensation expense recorded by the Company in respect of its share-based compensation awards for the six months ended June 30, 2025 and 2024 were $77 and $27, respectively. Share-based compensation awards for the three months ended June 30, 2025 and 2024 were $67 and $12, respectively These expenses are included in General and Administrative expenses in the Statements of Operations.