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STOCKHOLDERS EQUITY (Tables)
6 Months Ended
Jun. 30, 2025
STOCKHOLDERS' EQUITY  
Schedule of share-based compensation

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock options

 

$251,571

 

 

$47,558

 

 

$404,083

 

 

$63,469

 

RSUs

 

 

335,342

 

 

 

47,364

 

 

 

428,214

 

 

 

237,378

 

Total share-based compensation expense

 

$586,913

 

 

$94,922

 

 

$832,297

 

 

$300,847

 

Schedule of aggregate non-cash stock-based compensation recognized

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

General and administrative

 

$263,385

 

 

$67,708

 

 

$331,093

 

 

$227,777

 

Salaries and benefits

 

 

319,627

 

 

 

27,214

 

 

 

493,403

 

 

 

73,070

 

Professional fees

 

 

3,901

 

 

 

-

 

 

 

7,801

 

 

 

-

 

Total non-cash share-based compensation expense

 

$586,913

 

 

$94,922

 

 

$832,297

 

 

$300,847

 

Schedule of Stock options

Weighted-Average Grant Date Assumptions

 

Six Months Ended

June 30, 2025

 

Expected term (in years)

 

 

8.3

 

Risk-free interest rate

 

 

4.4%

Expected dividend yield

 

 

0.0%

Expected volatility

 

 

97.0%

Fair value per share

 

$1.80

 

 

 

Shares

 

 

Weighted-Average

Exercise

Price Per Share

 

 

Weighted-Average Remaining

 Contractual

Term (in years)

 

 

Aggregate

 Intrinsic

Value

 

Options outstanding, December 31, 2024

 

 

4,330,000

 

 

$0.23

 

 

 

3.7

 

 

$6,652,700

 

Granted

 

 

757,300

 

 

 

2.08

 

 

 

-

 

 

 

-

 

Exercised

 

 

(622,500)

 

 

0.23

 

 

 

-

 

 

 

-

 

Forfeited

 

 

(166,667)

 

 

0.22

 

 

 

-

 

 

 

-

 

Expired

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Options outstanding, June 30, 2025

 

 

4,298,133

 

 

$0.56

 

 

 

4.4

 

 

$7,058,358

 

Nonvested options, June 30, 2025

 

 

3,718,966

 

 

$0.61

 

 

 

4.6

 

 

$5,932,566

 

Vested and exercisable options, June 30, 2025

 

 

579,167

 

 

$0.24

 

 

 

3.7

 

 

$1,125,792

 

Schedule of Restricted stock units

 

 

Shares

 

 

Weighted-Average

Grant Date

Fair Value

Per Share

 

RSUs outstanding at December 31, 2024

 

 

2,090,000

 

 

$0.24

 

Granted

 

 

654,600

 

 

 

2.26

 

Vested and issued

 

 

(899,866)

 

 

0.40

 

Forfeited

 

 

-

 

 

 

-

 

RSUs outstanding at June 30, 2025

 

 

1,844,734

 

 

 

0.88

 

Schedule of Common Stock Warrants

 

 

Number of

Warrants

 

 

Weighted Average

Exercise Price

 

Balance at December 31, 2024

 

 

10,142,215

 

 

$0.77

 

Exercised

 

 

(2,919,643)

 

 

0.76

 

Balance at June 30, 2025

 

 

7,222,572

 

 

$0.77

 

Schedule Of Warrants outstanding

Number of warrants

 

 

Exercise Price

 

 

Expiration Date

 

Remaining life (years)

 

 

1,428,572

 

 

$0.46

 

 

1/27/2026

 

 

0.58

 

 

4,987,500

 

 

$0.85

 

 

8/3/2026

 

 

1.09

 

 

806,500

 

 

$0.85

 

 

2/1/2026

 

 

0.59

 

 

7,222,572