v3.25.2
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2025
Stock-Based Compensation [Abstract]  
Schedule of Assumptions Used for Calculating the Grant Date Fair Value of Stock Option

The Company has estimated the fair value of the 2024 stock option awards as of the date of grant by applying the Black-Scholes option-pricing model. In applying the Black-Scholes option pricing model, the Company used the following assumptions:

 

Risk- free interest rate   5.2%
Expected term   5 years 
Expected volatility   76%
Expected dividends   0 
Grant date fair value of common stock  $4,500 
Schedule of Summary of Stock Options Activity

The summary of stock options activity for the six months ended June 30, 2025 and the year ended December 31, 2024, is as follows:

 

      Weighted
Average		   Weighted
Average 		 
   Number of
Options		   Exercise
Price		   Time
to Expiry		 
Outstanding as of December 31, 2023   162   $2,750.00    4.7 years 
Granted during 2024 year   131   $4,500.00    9.7 years 
Exercised during 2024 year   
—
    
—
    — 
Outstanding as of December 31, 2024   293   $3,550.00    6.7 years 
Granted during six months ended June 30, 2025   
—
    
—
    
—
 
Expired during six months ended June 30, 2025   (14)  $5,000.00    — 
Exercised during six months ended June 30, 2025   
—
    
—
    — 
Outstanding as of June 30, 2025   279   $3,450.00    6.0 years 
                
Exercisable as of December 31, 2024   293   $3,550.00    6.7 years 
Exercisable as of June 30, 2025   279   $3,450.00    6.0 years 
Schedule of Outstanding and Vested Stock Options by Exercise Price

The following outlines the outstanding and vested stock options by exercise price as of June 30, 2025 and December 31, 2024.

 

   Number of
Options
Outstanding
and fully
vested –
June 30,
2025		   Number of
Options
Outstanding
and fully
vested –
December 31,
2024		 
$2,400.00   140    140 
$4,500.00   131    131 
$5,000.00   8    22 
Total   279    293