v3.24.1
STOCK BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2023
STOCK BASED COMPENSATION  
Schedule of stock options activity

 

 

Shares

 

 

Weighted Average Exercise Price

 

Options outstanding at beginning of year

 

 

 

 

$

 

Granted

 

 

870,000

 

 

 

2.11

 

Exercised

 

 

(200,000)

 

 

2.12

 

Forfeited

 

 

 

 

 

 

Balance at December 31, 2023

 

 

670,000

 

 

$2.11

 

 

 

 

 

 

 

 

 

 

Options exercisable at December 31:

 

 

670,000

 

 

$2.11

 

 

 

 

 

 

 

 

 

 

Grant Date Fair Value for options granted during the period:

 

 

 

 

 

$1,460,209

 

Schedule of stock options outstanding and exercisable

Options Outstanding

 

 

Options Exercisable

 

Options Outstanding

 

 

Weighted Average Remaining Contractual Life

 

 

Weighted Average Exercise Price

 

 

Aggregate Intrinsic Value

 

 

Options Exercisable

 

 

Weighted Average Exercise Price

 

 

Aggregate Intrinsic Value

 

 

670,000

 

 

 

8.92

 

 

$2.11

 

 

$230,900

 

 

 

670,000

 

 

$2.11

 

 

$230,900

 

Schedule of fair value of equity-based awards

 

 

2023

 

Risk-free interest rate

 

 

3.88%

Expected volatility

 

 

90.00%

Expected life (years)

 

 

5.0

 

Expected dividend yield