Quarterly report [Sections 13 or 15(d)]

STOCK OPTIONS AND WARRANTS (Tables)

v3.25.1
STOCK OPTIONS AND WARRANTS (Tables)
3 Months Ended
Mar. 31, 2025
ECONOMIC INJURY DISASTER LOAN  
Scheule of Black-Scholes option pricing model options

 

 

2025

 

Risk-free interest rate

 

 

3.96 %

Expected term (years)

 

 

5.00

 

Expected volatility

 

 

171.53 %

Expected dividends

 

 

0.00

 

Schedule of stock options activity

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

Weighted-

 

 

Average

 

 

 

 

 

 

 

Average

 

 

Remaining

 

 

Aggregate

 

 

 

 

 

Exercise

 

 

Contractual

 

 

Intrinsic

 

 

 

Shares

 

 

Price

 

 

Term

 

 

Value

 

Outstanding at December 31, 2024

 

 

1,372,520

 

 

$ 4.15

 

 

 

3.4

 

 

$ 20,906

 

Grants

 

 

73,886

 

 

 

0.43

 

 

 

5.0

 

 

 

-

 

Outstanding at March 31, 2025

 

 

1,446,406

 

 

$ 3.96

 

 

 

3.2

 

 

$ 83,515

 

Exercisable at March 31, 2025

 

 

1,446,406

 

 

$ 3.96

 

 

 

3.2

 

 

$ 83,515

 

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

 

 

1,070,932

 

 

 

3.4

 

 

 

1,070,932

 

 

 

3.4

 

2.51-5.00

 

 

50,474

 

 

 

0.8

 

 

 

50,474

 

 

 

0.8

 

5.01 and up

 

 

325,000

 

 

 

3.1

 

 

 

325,000

 

 

 

3.1

 

 

 

 

1,446,406

 

 

 

3.2

 

 

 

1,446,406

 

 

 

3.2

 

Schedule of assumptions in warrants under black scholes option pricing model

Risk-free interest rate

 

 

3.96 %

Expected term (years)

 

 

2.00

 

Expected volatility

 

 

161.00 %

Expected dividends

 

 

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)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$ 2.68

 

 

 

1,865,856

 

 

 

1.4

 

 

$ 2.68

 

 

 

1,865,856

 

 

 

1.4

 

$ 2.68

 

 

 

1,865,856

 

 

 

1.4

 

 

$ 2.68

 

 

 

1,865,856

 

 

 

1.4

 

Summary of warrant activity

 

 

 

 

 

Weighted

 

 

 

 

 

 

Average

 

 

 

 

 

 

Exercise

 

 

 

Number of

 

 

Price Per

 

 

 

Shares

 

 

Share

 

Outstanding at December 31, 2024

 

 

1,765,856

 

 

$ 2.69

 

Grants

 

 

500,000

 

 

 

1.00

 

Exercise

 

 

(400,000 )

 

 

0.60

 

Outstanding at March 31, 2025

 

 

1,865,856

 

 

$ 2.68

 

Exercisable at March 31, 2025

 

 

1,865,856

 

 

$ 2.68