v3.25.2
Warrants to Purchase Common Stock
12 Months Ended
Dec. 31, 2024
Warrants Abstract  
Warrants to Purchase Common Stock

5. Warrants to Purchase Common Stock

 

The following table presents the Company’s warrants as of December 31, 2024 and 2023:

 

  

Number of

Shares

  

Weighted

Average

Exercise Price

  

Weighted

Average

Remaining Life

(in

years)

 
Warrants as of December 31, 2022   109,584   $13.25    4.53 
Issued   -   $-    - 
Forfeited   -   $-    - 
Exercised   -   $-    - 
Warrants as of December 31, 2023   109,584   $13.25    3.53 
Issued   -   $-    - 
Forfeited   (21,074)  $7.80    - 
Exercised   -   $-    - 
Warrants as of December 31, 2024   88,510   $14.54    3.26 

 

During the years ended December 31, 2024 and 2023, stock-based compensation related to warrants totaled $85,016 and $127,520, respectively.

 

At December 31, 2024, warrants for the purchase of 88,510 shares were vested and no warrants remained unvested.