Annual report [Section 13 and 15(d), not S-K Item 405]

STOCK OPTIONS AND WARRANTS (Tables)

v3.25.1
STOCK OPTIONS AND WARRANTS (Tables)
12 Months Ended
Dec. 31, 2024
ECONOMIC INJURY DISASTER LOAN  
Scheule of Black-Scholes option pricing model options

 

 

2024

 

 

2023

 

Risk-free interest rate

 

3.58%-4.38%

 

 

3.60%-4.60%

 

Expected term (years)

 

 

5.00

 

 

 

5.00

 

Expected volatility

 

149.49%-160.25%

 

 

150.62%-152.22%

 

Expected dividends

 

 

0.00

 

 

 

0.00

 

Schedule of stock options activity

 

 

Shares

 

 

Weighted-

Average

Exercise

Price

 

 

Weighted-

Average

Remaining

Contractual

Term

 

 

Aggregate

Intrinsic

Value

 

Outstanding at January 1, 2023

 

 

874,058

 

 

$ 7.53

 

 

 

3.9

 

 

$ 559

 

Expired

 

 

(8,334 )

 

 

3.00

 

 

 

-

 

 

 

-

 

Grants

 

 

25,719

 

 

 

1.75

 

 

 

4.5

 

 

 

-

 

Outstanding at December 31, 2023

 

 

891,443

 

 

$ 7.41

 

 

 

3.0

 

 

$ -

 

Expired

 

 

(123,167 )

 

 

9.33

 

 

 

-

 

 

 

-

 

Grants

 

 

604,244

 

 

 

0.40

 

 

 

4.7

 

 

 

-

 

Outstanding at December 31, 2024

 

 

1,372,520

 

 

 

4.15

 

 

 

3.4

 

 

 

20,906

 

Exercisable at December 31, 2024

 

 

1,372,520

 

 

$ 4.15

 

 

 

3.4

 

 

$ 20,906

 

Schedule of information regarding stock options

Options Outstanding

 

 

Options Exercisable

 

 

 

 

 

Weighted

 

 

 

 

Weighted

 

 

 

 

 

Average

 

 

Exercisable

 

 

Average

 

Exercise

 

Number of

 

 

Remaining Life

 

 

Number of

 

 

Remaining Life

 

Price

 

Options

 

 

In Years

 

 

Options

 

 

In Years

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$ 0.01-2.50

 

 

997,046

 

 

 

3.5

 

 

 

997,046

 

 

 

3.5

 

2.51-5.00

 

 

50,474

 

 

 

1.0

 

 

 

50,474

 

 

 

1.0

 

5.01 and up

 

 

325,000

 

 

 

3.4

 

 

 

325,000

 

 

 

3.4

 

 

 

 

1,372,520

 

 

 

3.4

 

 

 

1,372,520

 

 

 

3.4

 

Schedule of assumptions in warrants under black scholes option pricing model

 

 

2024

 

 

2023

 

Risk-free interest rate

 

 

4.38 %

 

3.60–4.73%

 

Expected term (years)

 

 

4.00

 

 

3.00 – 4.00

 

Expected volatility

 

157.11%%

 

 

158.00–174.29%%

 

Expected dividends

 

 

0.00

 

 

 

0.00

 

Schedule of changes in warrants outstanding and the related party

Warrants Outstanding

 

 

Warrants Exercisable

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Weighted

 

Weighted

 

 

 

 

Average

 

 

Weighted

 

 

 

 

Average

 

Average

 

 

 

 

Remaining

 

 

Average

 

 

 

 

Remaining

 

Exercise

 

 

Number

 

 

Contractual

 

 

Exercise

 

 

Number

 

 

Contractual

 

Price

 

 

Outstanding

 

 

Life (Years)

 

 

Price

 

 

Exercisable

 

 

Life (Years)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

2.69

 

 

 

1,765,856

 

 

 

1.8

 

 

$ 2.69

 

 

 

1,765,856

 

 

 

1.8

 

$

2.69

 

 

 

1,765,856

 

 

 

1.8

 

 

$ 2.69

 

 

 

1,765,856

 

 

 

1.8

 

Summary of warrant activity

 

 

Number of

Shares

 

 

Weighted

Average

Exercise

Price Per

Share

 

Outstanding at January 1, 2023

 

 

333,855

 

 

$ 5.06

 

Grants

 

 

1,232,001

 

 

 

2.84

 

Outstanding at December 31, 2023

 

 

1,565,856

 

 

$ 3.31

 

Grants

 

 

200,000

 

 

 

0.60

 

Outstanding at December 31, 2024

 

 

1,765,856

 

 

$ 2.69

 

Exercisable at December 31, 2024

 

 

1,765,856

 

 

$ 2.69