Stockholders’ Equity (Tables)

6 Months Ended

Jun. 30, 2025

Stockholders’ Equity [Abstract]

Schedule of Activity Under the Stock Option Plans

Activity under the stock option plans described above was as follows:

		2010 Plan				2017 Plan				Weighted Average Exercise Price				Aggregate Intrinsic Value⁽¹⁾
Outstanding as of December 31, 2023			188,500				430,000			$	6.82			$	(1,071,121	)
Grants			—				86,000			$	3.91
Terminations/forfeitures⁽²⁾			(5,000	)			(35,500	)		$	6.55
Exercises			—				—			$	—
Outstanding as of December 31, 2024			183,500				480,500			$	6.46			$	(870,558	)
Grants			—				122,000			$	5.49
Terminations/forfeitures⁽²⁾			(1,000	)			(53,000	)		$	7.03
Exercises			—				(15,000	)		$	4.81
Outstanding as of June 30, 2025			182,500				534,500			$	6.29			$	482,189
Vested as of June 30, 2025			182,500				185,500			$	7.24			$	(101,213	)
Vested and expected to vest as of June 30, 2025			182,500				534,500			$	6.29			$	482,189
Reserved for future grants			—				82,500

⁽¹⁾

Intrinsic value is the difference between the fair market value of the underlying common stock as of the date indicated and as of the date of the option grant (which is equal to the option exercise price).

⁽²⁾

Terminations and forfeitures are recognized when they occur.

Schedule of Additional Information About the Stock Option Plans

The following table displays additional information about the stock option plans described above:

		Number of Shares				Weighted Average Fair Value at Grant Date				Weighted Average Exercise Price
Non-vested stock options outstanding as of June 30, 2025			349,000			$	2.69			$	5.29
Non-vested stock options outstanding as of December 31, 2024			344,000			$	3.12			$	6.25
Stock options granted during the six-month period ended June 30, 2025			122,000			$	2.81			$	5.49
Stock options that vested during the six-month period ended June 30, 2025			92,000			$	4.38			$	8.15
Stock options that were terminated or forfeited during the six-month period ended June 30, 2025			54,000			$	3.68			$	7.03

Schedule of Fair Value Stock Option Grant Using Black-Scholes Option Pricing Model with Weighted-Average Assumptions

The fair value of each stock option grant has been estimated on the date of grant using the Black-Scholes option pricing model, for the purpose discussed in Note 2(n), with the following weighted-average assumptions:

		During the Three-Month Periods Ended June 30,								During the Six-Month Periods Ended June 30
		2025				2024				2025				2024
Risk-free interest rate⁽¹⁾			3.91	%			4.24	%			3.91	%			4.24	%
Dividend yield⁽²⁾			0	%			0	%			0	%			0	%
Expected volatility⁽²⁾			52	%			50	%			52	%			50	%
Expected life⁽³⁾			5.5 years				4.7 years				5.5 years				4.8 years

	⁽¹⁾	The risk-free interest rate is based on U.S. Treasury yields for a maturity approximating the expected option term.
	⁽²⁾	The dividend yield and expected volatility are derived from averages of our historical data.
	⁽³⁾	The expected life is calculated utilizing the simplified method, which uses the mid-point between the vesting period and the contractual term as the expected life.