v3.25.2
Equity Incentive Plan (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Equity Incentive Plan [Abstract]    
Schedule of Stock Options

Stock option activity for the six-months ended June 30, 2025 is as follows:

 

   Shares   Weighted-Average
Exercise Price		   Weighted-Average
Remaining Contractual
Life (in years)		 
Options outstanding at December 31, 2024   2,032,521   $0.009    6.22 
Options granted   -    n/a    n/a 
Options exercised   -    n/a     n/a 
Options cancelled   (170,715)  $0.014    n/a 
Options outstanding as of June 30, 2025   1,861,806   $0.009    6.14 
Total vested as of June 30, 2025   1,773,963   $0.007    6.36 

Stock option activity for the years ended December 31, 2024 and 2023, is as follows:

 

   Shares   Weighted-
Average Exercise Price		   Weighted-
Average
Remaining
Contractual
Life (in years)		 
Options outstanding at January 1, 2023   13,060,760   $0.010    9.34 
Options granted   400,000   $0.010    
 
 
Options exercised   
-
    
 
    
 
 
Options cancelled   -         
 
 
Options outstanding at December 31, 2023   13,460,760   $0.010    8.29 
Adjustment to options outstanding*   11,455,000   $0.003      
Options granted   86,700   $0.70      
Options exercised   -           
Options cancelled   -           
Options outstanding at December 31, 2024   25,002,460   $0.009    6.22 
Vested (i.e., exercisable) at December 31, 2024   22,615,760   $0.006    6.63 
Schedule of Fair Value of Stock Options Granted   The fair value of the stock options granted during the year ended December 31, 2024, was determined to be approximately $44,000 on the date of grant using the Black-Scholes option-pricing model, with the following assumptions:
Expected life (in years)   5.75 
Average volatility   85%
Risk-free rates   4.13%
Expected dividend rate   
-
 
Weighted-average grant date calculated fair value  $0.51