v3.25.2
Stockholders’ Deficit (Tables)
6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Schedule of Fair Value of Options Granted Black-Scholes-Merton Model

The assumptions used to determine the fair value of options granted in the six months ended June 30, 2025 using the Black-Scholes-Merton option model are as follows:

 

Dividend yield   -%
Risk-free interest rate   4.0 to 4.5%
Expected volatility   93.4 to 105.1%
Expected term in years   5.0 to 6.0

 

The assumptions used to determine the fair value of options granted in the six months ended June 30, 2024 using the Black-Scholes-Merton model are as follows:

 

Dividend yield     - %
Risk-free interest rate     3.62 to 4.23 %
Expected volatility     100 %
Expected term in years     6 to 6.5  

Schedule of Stock Option and Related Information

A summary of the Company’s stock option activities and related information for the six months ended June 30, 2025 is as follows:

 

Stock Option  No. of Stock
Option
 

Weighted-Average

Grant Date

Fair Value Per

Stock Option

  Weighted-Average
Remaining
Contractual Life
(in Years)
Balance, January 1, 2025   105,090   $98.6    7.8 
Granted   150,934    7.8    9.7 
Forfeited   (95,183)          
Balance, June 30, 2025   160,841   $32.7    9.0 
Vested and expected to vest June 30, 2025   160,841   $32.7    9.0 
Schedule of Options Outstanding

The following options were outstanding as of June 30, 2025, at their respective exercise price:

 

Exercise Price Options Outstanding 

June 30,

2025

$2.22   23,781 
$6.30   5,731 
$6.40   7,326 
$8.00   32,700 
$9.68   46,512 
$31.20   10,466 
$62.54   6,825 
$133.40   27,500 
Total   160,841 
Schedule of Restricted Stock Units

A summary of the Company’s RSU activities and related information for the six months ended June 30, 2025 is as follows:

 

Restricted Stock Units  No. of RSU  

Weighted-Average

Grant Date

Fair Value
Per RSU

   Weighted-Average
Remaining
Contractual Life
(in Years)
 
Balance, January 1, 2025   8,583   $26.20    1.0 
Exercised   (4,292)          
Forfeited   (2,843)          
Balance, June 30, 2025   1,448   $26.20    0.5