XML 45 R33.htm IDEA: XBRL DOCUMENT v3.25.1
Subsequent Events (Tables)
 12 Months Ended
Dec. 31, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Schedule of Fair Value of the Options Using the Black-scholes Valuation Model

The fair value of the options was estimated at approximately $2,872,000 using the Black-Scholes valuation model with the following assumptions:

Assumption  Value 
Exercise Price  $2.47 
Expected Stock Price Volatility   113.88%
Risk-Free Interest Rate   4.16%
Expiration Term (Years)   7.00 
Dividend Yield   0.00%
Schedule of Restricted Stock Units

Market Cap Vesting Thresholds  

$ 100

million

    

$ 150

million

    

$ 300

million

  
  50,000       50,000       50,000  
Schedule of Weighted-Average Assumptions Used to Estimate Fair Value

The fair value of market-based LTI RSUs is estimated using a Monte Carlo simulation. The following assumptions were used to determine fair value as of the January 1, 2023, modification date:

 

  

January 1, 2023

(Modification)

 
Vesting Hurdle Price  $ 3.81 - $30.52   
Term (years)   4.00 
Expected stock price volatility   97.30%
Risk-free rate of interest   4.10%
Restricted Stock [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Schedule of Weighted-Average Assumptions Used to Estimate Fair Value

The fair value of these market-based RSUs was determined using a Monte Carlo simulation. The following assumptions were used to determine fair value as of the grant date, January 1, 2025:

    January 1, 2025  
Vesting Hurdle Price   $ 5.26 - $15.79  
Term (years)     2.00  
Expected stock price volatility     92.70 %
Risk-free rate of interest     4.25 %