STOCK OPTIONS AND WARRANTS (Tables)
|
6 Months Ended |
Jun. 30, 2025 |
|---|
| ECONOMIC INJURY DISASTER LOAN |
|
| Scheule of Black-Scholes option pricing model assumptions used |
|
|
2025 |
|
Risk-free interest rate |
|
3.79-3.96 |
% |
Expected term (years) |
|
|
5.00 |
|
Expected volatility |
|
171.10-171.53 |
% |
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 |
|
|
163,037 |
|
|
|
0.39 |
|
|
|
4.9 |
|
|
|
- |
|
Expired |
|
|
(5,000 |
) |
|
|
6.00 |
|
|
|
|
|
|
|
|
|
Outstanding at June 30, 2025 |
|
|
1,530,557 |
|
|
$ |
3.75 |
|
|
|
3.1 |
|
|
$ |
13,532 |
|
Exercisable at June 30, 2025 |
|
|
1,530,557 |
|
|
$ |
3.75 |
|
|
|
3.1 |
|
|
$ |
13,532 |
|
|
| 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 |
|
|
1,160,083 |
|
|
|
3.3 |
|
|
|
1,160,083 |
|
|
|
3.3 |
|
2.51-5.00 |
|
|
50,474 |
|
|
|
0.5 |
|
|
|
50,474 |
|
|
|
0.5 |
|
5.01 and up |
|
|
320,000 |
|
|
|
2.9 |
|
|
|
320,000 |
|
|
|
2.9 |
|
|
|
|
1,530,557 |
|
|
|
3.1 |
|
|
|
1,530,557 |
|
|
|
3.1 |
|
|
| 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 prices |
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) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| $ |
2.17 |
|
|
|
1,532,001 |
|
|
|
1.4 |
|
|
$ |
2.17 |
|
|
|
1,532,001 |
|
|
|
1.4 |
|
| $ |
2.17 |
|
|
|
1,532,001 |
|
|
|
1.4 |
|
|
$ |
2.17 |
|
|
|
1,532,001 |
|
|
|
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 |
|
Expired |
|
|
(333,855 |
) |
|
|
5.06 |
|
Outstanding at June 30, 2025 |
|
|
1,532,001 |
|
|
$ |
2.17 |
|
Exercisable at June 30, 2025 |
|
|
1,532,001 |
|
|
$ |
2.17 |
|
|