v3.25.2
STOCK OPTIONS AND WARRANTS (Tables)
6 Months Ended
Jun. 30, 2025
SCHEDULE OF STOCK OPTIONS

The following table summarizes all stock options as of June 30, 2025 (shares in thousands):

 

   2025 
   Shares   Price (1)   Term (2) 
             
Outstanding, at December 31, 2024   1,238   $8.80    8.5 
Granted   -    -      
Forfeited   (1)   -      
Exercised   -    -      
                
Outstanding, at June 30   1,237(3)  $8.80    8.0 
                
Exercisable, at June 30   174(4)  $39.85    2.6 

 

(1) Represents the weighted average exercise price.
   
(2) Represents the weighted average remaining contractual term until the stock options expire.
   
(3) As of June 30, 2025, the aggregate intrinsic value of stock options outstanding was $0.
   
(4) As of June 30, 2025, the aggregate intrinsic value of exercisable stock options was $0.
SCHEDULE OF WARRANT OUTSTANDING

The following table sets forth activity with respect to the Company’s warrants to purchase Common Stock for the six months ended June 30, 2025 (shares in thousands):

 

   2025 
   Shares   Price (1)   Term (2) 
             
Outstanding, at December 31, 2024   9,658   $3.22    3.9 
Grants of warrants:               
Private placement   3,055           
Exercised   -           
Forfeited   -           
Outstanding, at June 30   12,713(3)  $2.86    3.6 
                
Exercisable, at June 30   12,660(4)  $2.40    3.5 

 

(1) Represents the weighted average exercise price.
   
(2) Represents the weighted average remaining contractual term until the warrants expire.
   
(3) As of June 30, 2025, the aggregate intrinsic value of warrants outstanding was $0 million.
   
(4) As of June 30, 2025, the aggregate intrinsic value of warrants exercisable was $0 million.
Warrant [Member]  
SCHEDULE OF WEIGHTED AVERAGE ASSUMPTIONS USED IN THE FAIR VALUE

For the six months ended June 30, 2025, the valuation assumptions for warrants issued were estimated on the measurement date using the BSM option-pricing model with the following weighted-average assumptions:

 

   2025 
     
Measurement date closing price of Common Stock (1)  $2.14 
Contractual term (years) (2)   4.0 
Risk-free interest rate   4.0%
Volatility   148%
Dividend yield   0%

 

  (1) Weighted average grant price.
     
  (2) The valuation of warrants is based on the expected term.