v3.25.2
Pay vs Performance Disclosure - USD ($)
 2 Months Ended 3 Months Ended 5 Months Ended 9 Months Ended 12 Months Ended
Feb. 20, 2024
Apr. 07, 2023
Dec. 31, 2024
Aug. 03, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Pay vs Performance Disclosure              
Pay vs Performance Disclosure, Table          
PAY VERSUS PERFORMANCE
As required by Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation actually paid and certain financial performance of the Company. For the most recently completed fiscal year, the Company did not use any “financial performance measures” as defined in Item 402(v) of Regulation S-K to link compensation paid to our Named Executive Officers, or NEOs, to the Company’s performance. We are also permitted to report as a “smaller reporting company” as defined under the U.S. federal securities laws. Accordingly, we have not included a tabular list of financial performance measures, and the table below does not include a column for a “Company-Selected Measure” as defined in Item 402(v) of Regulation S-K.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year(1)
 
 
Summary
Compensation
Table Total
for PEO(2)
 
 
Compensation
Actually Paid
to PEO(2)
 
 
Summary
Compensation
Table Total
for PEO(3)
 
 
Compensation
Actually Paid
to PEO(3)
 
 
Summary
Compensation
Table Total
for PEO(4)
 
 
Compensation
Actually Paid
to PEO(4)
 
 
Average
Summary
Compensation
Table Total for
Non-PEO
NEOs(5)
 
 
Average
Compensation
Actually Paid to
Non-PEO
NEOs(5)
 
 
Value of Initial
Fixed $100
Investment
Based on
Total Shareholder
Return
 
 
Net Loss
2024
 
 
$402,250
 
 
$402,250
 
 
$37,500
 
 
$37,500
 
 
$0
 
 
$0
 
 
$0
 
 
$0
 
 
$43.78
 
 
$​(4,224,278)
2023
 
 
$0
 
 
$0
 
 
$0
 
 
$0
 
 
$346,393
 
 
$346,393
 
 
$145,131
 
 
$145,131
 
 
$​4.00
 
 
$(17,633,924)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)
There were no performance-based payments made by the Company to its NEOs in 2024 or 2023.
(2)
David Lazar served as the co-principal executive officer from February 20, 2024 to August 3, 2024 and as principal executive officer through February 26, 2025. Mr. Lazar also served as the principal financial officer from February 20, 2024 through February 26, 2025.
(3)
Jeremy Hitchcock served as the principal executive officer from April 7, 2023 to February 20, 2024 and as co-principal executive officer through August 3, 2024. Mr. Hitchcock also served as the principal financial officer from August 9, 2023 to February 20, 2024.
(4)
Mehul Patel served as the principal executive officer from August 16, 2022 to April 7, 2023.
(5)
Dustin Tacker served as the principal financial officer from August 16, 2022 to August 9, 2023.
  
Named Executive Officers, Footnote          
(2)
David Lazar served as the co-principal executive officer from February 20, 2024 to August 3, 2024 and as principal executive officer through February 26, 2025. Mr. Lazar also served as the principal financial officer from February 20, 2024 through February 26, 2025.
(3)
Jeremy Hitchcock served as the principal executive officer from April 7, 2023 to February 20, 2024 and as co-principal executive officer through August 3, 2024. Mr. Hitchcock also served as the principal financial officer from August 9, 2023 to February 20, 2024.
(4)
Mehul Patel served as the principal executive officer from August 16, 2022 to April 7, 2023.
(5)
Dustin Tacker served as the principal financial officer from August 16, 2022 to August 9, 2023.
  
Non-PEO NEO Average Total Compensation Amount           $ 0 $ 145,131
Non-PEO NEO Average Compensation Actually Paid Amount           $ 0 145,131
Compensation Actually Paid vs. Total Shareholder Return          
Analysis of Information Presented in the Pay Versus Performance Table
In accordance with SEC rules, the Company is providing the following descriptions of the relationships between information presented in the Pay Versus Performance table above. From 2023 to 2024, the compensation actually paid to our PEO increased by 27%, as a result of having multiple principal executive officers during this period and the average of the compensation actually paid to the Other NEOs decreased by 100%, as a result of combining the roles of principal executive officer and principal financial officer during 2023, compared to (i) a 91% decrease in our TSR and (ii) an approximately $13 million reduction in our Net Loss over the same time period.
 
Compensation Actually Paid vs. Net Income          
Analysis of Information Presented in the Pay Versus Performance Table
In accordance with SEC rules, the Company is providing the following descriptions of the relationships between information presented in the Pay Versus Performance table above. From 2023 to 2024, the compensation actually paid to our PEO increased by 27%, as a result of having multiple principal executive officers during this period and the average of the compensation actually paid to the Other NEOs decreased by 100%, as a result of combining the roles of principal executive officer and principal financial officer during 2023, compared to (i) a 91% decrease in our TSR and (ii) an approximately $13 million reduction in our Net Loss over the same time period.
 
Total Shareholder Return Amount           $ 43.78 4
Net Income (Loss)           (4,224,278) (17,633,924)
PEO Name Jeremy Hitchcock Mehul Patel David Lazar   Jeremy Hitchcock    
David Lazar [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount           402,250 0
PEO Actually Paid Compensation Amount           402,250 0
PEO Name       David Lazar      
Jeremy Hitchcock [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount           37,500 0
PEO Actually Paid Compensation Amount           37,500 0
PEO Name       Jeremy Hitchcock      
Mehul Patel [Member]              
Pay vs Performance Disclosure              
PEO Total Compensation Amount           0 346,393
PEO Actually Paid Compensation Amount           $ 0 $ 346,393