v3.25.2
Stock Incentive Plans (Tables)
6 Months Ended
Jun. 30, 2025
Stock Incentive Plans [Abstract]  
Schedule of Stock Option Activity

Stock option activity under the Plan was as follows:

 

   Number of
Options
   Weighted-
Average
Exercise
Price
per Share
   Weighted-
Average
Remaining
Contractual
Term
(years)
 
Outstanding at December 31, 2024   3,790,702   $1.04    5.98 
Granted   178,937    1.64    - 
Exercised   (477)   
-
    - 
Forfeited / Expired   (33,055)   1.80    - 
Outstanding at June 30, 2025   3,936,107   $3.60    8.5 
Exercisable at June 30, 2025   3,806,983    3.66    8.46 
Schedule of Fair Value of Options Granted The assumptions used to calculate the fair value of the options granted during the six months ended June 30, 2025, were as follows:
   June 30,
2025
 
Stock Price  $1.64 
Expected term (years)   5.0 
Volatility   75%
Risk-Free Rate   3.86%
Schedule of RSU activity Under the Plan

RSU activity under the Plan was as follows:

 

   Number of
RSUs
   Weighted-
Average
Grant Date
Fair Value
 
Unvested at December 31, 2024   -   $
-
 
Granted   695,034    1.60 
Vested   (60,852)   1.60 
Forfeited   (3,581)   1.60 
Unvested at June 30, 2025   630,603   $   1.60