Stockholders’ (Deficit) Equity (Tables)
|
6 Months Ended |
12 Months Ended |
Jun. 30, 2025 |
Dec. 31, 2024 |
| Equity [Abstract] |
|
|
| Schedule of Fair Value of Options Granted Black-Scholes-Merton Model |
The
assumptions used to determine the fair value of options granted in the six months ended June 30, 2025 using the Black-Scholes-Merton
option model are as follows:
Schedule
of Fair Value of Options Granted Black-Scholes-Merton Model
| Dividend yield | |
| - | % |
| Risk-free interest rate | |
| 4.0 to 4.5 | % |
| Expected volatility | |
| 93.4 to 105.1 | % |
| Expected term in years | |
| 5.0
to 6.0 | |
The
assumptions used to determine the fair value of options granted in the six months ended June 30, 2024 using the Black-Scholes-Merton
model are as follows:
| Dividend
yield |
|
|
- |
% |
| Risk-free
interest rate |
|
|
3.62
to 4.23 |
% |
| Expected
volatility |
|
|
100 |
% |
| Expected
term in years |
|
|
6
to 6.5 |
|
|
The assumptions used to determine the fair value of
options granted in the year ended December 31, 2023, using the Black-Scholes-Merton model are as follows:
Schedule
of Fair Value of Options Granted Black-Scholes-Merton Model
| Dividend yield |
|
- |
% |
| Risk-free interest rate |
|
3.62 to 4.23 |
% |
| Expected volatility (weighted-average and range, if applicable) |
|
|
100 |
% |
| Expected term |
|
|
6 to 6.5 years |
|
|
| Schedule of Stock Option and Related Information |
A
summary of the Company’s stock option activities and related information for the six months ended June 30, 2025 is as follows:
Schedule
of Stock Option and Related Information
| Stock Option | |
No. of Stock
Option | |
Weighted-Average Grant Date Fair Value Per Stock Option | |
Weighted-Average
Remaining
Contractual Life
(in Years) |
| Balance, January 1, 2025 | |
| 105,090 | | |
$ | 98.6 | | |
| 7.8 | |
| Granted | |
| 150,934 | | |
| 7.8 | | |
| 9.7 | |
| Forfeited | |
| (95,183 | ) | |
| | | |
| | |
| Balance, June 30, 2025 | |
| 160,841 | | |
$ | 32.7 | | |
| 9.0 | |
| Vested and expected to vest June 30, 2025 | |
| 160,841 | | |
$ | 32.7 | | |
| 9.0 | |
|
A summary of the Company’s stock option activities
and related information for the year ended December 31, 2024 is as follows:
Schedule
of Stock Option and Related Information
| Stock Option |
|
No. of Stock
Option |
|
|
Weighted-
Average Grant
Date Fair Value
Per Stock
Option |
|
|
Weighted-
Average
Remaining
Contractual Life
(in Years) |
|
| January 01, 2024 |
|
|
114,301 |
|
|
$ |
108.62 |
|
|
|
1.65 |
|
| Granted |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Exercised |
|
|
- |
|
|
|
- |
|
|
|
|
|
| Expired |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Cancelled / Forfeited |
|
|
(9,211) |
|
|
|
(76.60) |
|
|
|
- |
|
| December 31, 2024 |
|
|
105,090 |
|
|
|
98.55 |
|
|
|
0.65 |
|
A summary of the Company’s stock option activities
and related information for the year ended December 31, 2023 is as follows:
| Stock Option |
|
No. of Stock
Option |
|
|
Weighted-
Average Grant
Date Fair Value
Per Stock Option |
|
|
Weighted-
Average
Remaining
Contractual Life
(in Years) |
|
| January 01, 2023 |
|
|
108,500 |
|
|
$ |
105.80 |
|
|
|
2.02 |
|
| Granted |
|
|
16,837 |
|
|
$ |
20.54 |
|
|
|
1.28 |
|
| Exercised |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Expired |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Cancelled / Forfeited |
|
|
(11,036 |
) |
|
|
(53.46 |
) |
|
|
- |
|
| December 31, 2023 |
|
|
114,301 |
|
|
$ |
108.62 |
|
|
|
1.65 |
|
|
| Schedule of Options Outstanding |
The
following options were outstanding as of June 30, 2025, at their respective exercise price:
Schedule
of Options Outstanding
| Exercise Price Options Outstanding | |
June 30, 2025 |
| $ | 2.22 | |
| 23,781 | |
| $ | 6.30 | |
| 5,731 | |
| $ | 6.40 | |
| 7,326 | |
| $ | 8.00 | |
| 32,700 | |
| $ | 9.68 | |
| 46,512 | |
| $ | 31.20 | |
| 10,466 | |
| $ | 62.54 | |
| 6,825 | |
| $ | 133.40 | |
| 27,500 | |
| Total | |
| 160,841 | |
|
The following options were outstanding at their respective
exercise price:
Schedule
of Options Outstanding
| Exercise price options outstanding | |
December 31, 2024 | | |
December 31, 2023 | |
| $31.20 | |
| 18,265 | | |
| 18,826 | |
| $51.60 | |
| 17,500 | | |
| 17,500 | |
| $80.00 | |
| 6,825 | | |
| 15,475 | |
| $133.40 | |
| 62,500 | | |
| 62,500 | |
| Total | |
| 105,090 | | |
| 114,301 | |
|
| Schedule of Restricted Stock Units |
A
summary of the Company’s RSU activities and related information for the six months ended June 30, 2025 is as follows:
Schedule
of Restricted Stock Units
| Restricted Stock Units | |
No. of RSU | | |
Weighted-Average Grant Date Fair Value
Per RSU | | |
Weighted-Average
Remaining
Contractual Life
(in Years) | |
| Balance, January 1, 2025 | |
| 8,583 | | |
$ | 26.20 | | |
| 1.0 | |
| Exercised | |
| (4,292 | ) | |
| | | |
| | |
| Forfeited | |
| (2,843 | ) | |
| | | |
| | |
| Balance, June 30, 2025 | |
| 1,448 | | |
$ | 26.20 | | |
| 0.5 | |
|
A summary of the Company’s RSU activities and
related information for the year ended December 31, 2024 is as follows:
Schedule
of Restricted Stock Units
| Restricted Stock Units | |
No. of RSU | | |
Weighted-
Average Grant
Date Fair Value
Per RSU | | |
Weighted-
Average
Remaining
Contractual
Life
(in Years) | |
| January 01, 2024 | |
| 16,175 | | |
$ | 26.20 | | |
| 2.00 | |
| Granted | |
| - | | |
| - | | |
| - | |
| Vested | |
| (5,392 | ) | |
| 26.20 | | |
| - | |
| Expired | |
| - | | |
| - | | |
| | |
| Cancelled / Forfeited | |
| (2,200 | ) | |
| 26.20 | | |
| - | |
| December 31, 2024 | |
| 8,583 | | |
| 26.20 | | |
| 1.00 | |
A summary of the Company’s RSU activities and
related information for the year ended December 31, 2023 is as follows:
| Restricted Stock Units | |
No. of RSU | | |
Weighted-
Average Grant
Date Fair Value
Per RSU | | |
Weighted-
Average
Remaining
Contractual
Life
(in Years) | |
| January 01, 2023 | |
| - | | |
$ | - | | |
| - | |
| Granted | |
| 80,001 | | |
| 19.72 | | |
| 2.00 | |
| Vested | |
| (63,311 | ) | |
| (18.02 | ) | |
| - | |
| Expired | |
| - | | |
| - | | |
| - | |
| Cancelled / Forfeited | |
| (515 | ) | |
| (26.20 | ) | |
| - | |
| December 31, 2023 | |
| 16,175 | | |
$ | 26.20 | | |
| 2.00 | |
|
| Schedule of Exercise Price of Restricted Stock Units |
|
The following RSU were outstanding at their respective
vest price:
Schedule
of Exercise Price of Restricted Stock Units
| Vest price RSU outstanding | |
December 31, 2024 | | |
December 31, 2023 | |
| $26.20 | |
| 8,583 | | |
| 16,175 | |
| Total | |
| 8,583 | | |
| 16,175 | |
|