v3.25.2
Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2025
Stockholders’ Equity [Abstract]  
Schedule of Expected Option Term and Expected Volatility The simplified method was used for the expected option term and expected volatility was based on historical volatility:
    2025 
Dividend rate   %
Term (in years)   3.5 to 6 years 
Volatility   182.9% to 189.1%
Risk—free interest rate   4.02% to 4.59%
Schedule of Stock Option Activity

The following is a summary of the Company’s stock option activity for the six months ended June 30, 2025 as presented below:

 

   Number of
Options
   Weighted
Average
Exercise
Price
   Weighted
Average
Remaining
Contractual
Life (Years)
 
Balance on December 31, 2024   114,570   $126.92    2.08 
Granted   325,000    5.20    - 
Cancelled   (12,750)   (34.07)   - 
Balance on June 30, 2025   426,820   $36.94    6.86 
Options exercisable on June 30, 2025   106,820   $132.06    1.60 
Weighted average fair value of options granted during the 2025 period       $4.30      
Schedule of Outstanding Stock Warrants

A summary of the Company’s outstanding stock warrants, including 44,252 Series A public warrants, is presented below:

 

   Number of
Warrants
   Weighted
Average
Exercise
Price
   Weighted
Average
Remaining
Contractual
Life (Years)
 
Balance on December 31, 2024   67,385   $49.80    1.65 
Granted   60,000    4.25    - 
Balance on June 30, 2025   127,385    28.35    2.74 
Warrants exercisable on June 30, 2025   127,385   $28.35    2.74