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Stockholders’ Equity (Tables)
 6 Months Ended
Jun. 30, 2025
Accumulated Other Comprehensive Income (Loss) [Line Items]  
Summary of Option Activity

A summary of stock option activity under the Company’s 2021 Equity Incentive Plan for the six months ended June 30, 2025 and 2024 is presented below:

  

  

Number

of

Shares

   Weighted Average Exercise Price   Total Intrinsic Value   Weighted Average Remaining Contractual Life (in years) 
Options outstanding as of December 31, 2024   1,302,500   $1.96   $804,300    1.7 
Employee options granted   1,477,068    2.43    -    6.3 
Employee options expired   (68,158)   2.47    -    - 
Employee options forfeited   (50,000)   1.40    -    - 
Options outstanding as of June 30, 2025   2,661,410   $2.22   $475,750    3.8 
Options vested and exercisable as of June 30, 2025   2,425,160   $2.24   $372,913    3.8 

 

  

Number

of

Shares

   Weighted Average Exercise Price   Total Intrinsic Value   Weighted Average Remaining Contractual Life (in years) 
Options outstanding as of December 31, 2023   1,200,000   $2.12   $8,700    2.4 
Employee options granted   120,000    1.52    -    4.9 
Employee options expired   (17,500)   10.30    -    - 
Options outstanding as of June 30, 2024   1,302,500   $1.96   $4,950    2.2 
Options vested and exercisable as of June 30, 2024   1,127,500   $2.03   $-    1.8 
Schedule of Restricted Stock Units

  

Market Cap Vesting Thresholds 

$ 100

million

  

$ 150

million

  

$ 300

million

 
 50,000    50,000    50,000 
Summary of Restricted Stock

The following table summarizes RSU activity under the 2021 Plan for the six months ended June 30, 2025:

  

   Number of
Restricted
Stock Units		   Weighted
Average Grant
Date Fair Value		 
Nonvested as of December 31, 2024   1,140,971   $3.27 
Granted   150,000    2.47 
Vested   -    - 
Vested and converted to restricted common shares   (1,170,834)   3.05 
Forfeited   (120,137)   4.37 
Nonvested as of June 30, 2025   -   $- 
Schedule of Stock-based Compensation Expense

Stock-based compensation expenses are allocated among general and administrative expenses, compensation expenses and cost of revenues. Stock-based compensation expense for the six months ended June 30, 2025 and 2024 was as follows:

  

             
   For the Three Months Ended June 30,   For the Six Months Ended June 30, 
   2025   2024   2025   2024 
Employee stock option awards  $55,523   $22,712   $110,735   $31,993 
Employee restricted stock unit awards   153,647    241,752    305,604    480,898 
Forfeiture of employee restricted stock unit and share awards   -    -    (262,058)   - 
Non-employee restricted stock awards   37,501    35,578    75,004    60,580 
Stock-based compensation  $246,671   $300,042   $229,285   $573,471 
Summary of Warrant Activity

The following is a summary of warrant activity for the three months ended June 30, 2025:

 

  

  

Number of

Warrants

 
Outstanding as of December 31, 2024   712,500 
Issuance of warrants in connection with convertible note   1,901,916 
Outstanding as of June 30, 2025   2,614,416 
Common Stock [Member]  
Accumulated Other Comprehensive Income (Loss) [Line Items]  
Summary of Restricted Stock

The following table summarizes restricted Common Stock activity under the 2021 Plan for the six months ended June 30, 2025:

  

  

Number of

Restricted Shares

of Common Stock

 
Outstanding and nonvested as of December 31, 2024   270,794 
Converted from restricted stock units   1,170,834 
Forfeited   (129,327)
Outstanding and nonvested as of June 30, 2025   1,312,301 
Restricted Stock [Member]  
Accumulated Other Comprehensive Income (Loss) [Line Items]  
Schedule of Weighted-Average Assumptions Used to Estimate Fair Value

 

   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%
2021 Equity Incentive Plan [Member]  
Accumulated Other Comprehensive Income (Loss) [Line Items]  
Schedule of Weighted-Average Assumptions Used to Estimate Fair Value

The following weighted-average assumptions were used to estimate the fair value of options granted during the six months ended June 30, 2025 and 2024, using the Black-Scholes option pricing model:

 

  

   For the Six Months Ended June 30, 
   2025   2024 
Exercise price  $2.38   $1.55 
Term (years)   6.70    5.00 
Expected stock price volatility   113.35%   144.57%
Risk-free rate of interest   4.13%   4.31%