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Stockholders Equity (Tables) | 12 Months Ended
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Dec. 31, 2024
Equity [Abstract] |
Schedule of Weighted Average Assumptions | The following weighted average assumptions were used for grants during the following periods:
| Years ended December 31,
| 2024 |  | 2023
Dividend Yield | 0.00% |  | n/a
Volatility | 74.72% |  | n/a
Risk-Free Interest Rate | 4.17% |  | n/a
Expected Life | 3.50 years |  | n/a
Schedule of Stock Options Activity | A summary of stock option activity under the Company’s 2014 Plan and 2024 Plan for the year ended December 31, 2024 is as follows:
Stock Options |  | Number of Shares |  | Weighted Average Exercise Price per Share |  | Weighted Average Remaining Contractual Term |  | Aggregate Intrinsic Value |
Outstanding at January 1, 2024 |  | 107,201 |  | $ | 8.31 |  |  | 0.94 |  | $ | - |  |
Granted |  | 318,750 |  | $ | 2.25 |  |  | 4.07 |  | $ | 4,124,625 |  |
Exercised |  | (84,038) |  |  | $ | 8.42 |  |  | - |  | $ | 166,145 |  |
Expired/Forfeited |  | (60,000) |  |  | $ | 2.25 |  |  | 4.55 |  | $ | 241,900 |  |
Outstanding at December 31, 2024 |  | 281,913 |  | $ | 2.71 |  |  | 3.74 |  | $ | 3,517,111 |  |
Vested and Exercisable at December 31, 2024 |  | 23,163 |  | $ | 7.90 |  |  | 0.10 |  | $ | 168,886 |  |
Schedule of the Restricted Common Stock Activity | A summary of the restricted Common Stock activity under the Company’s 2014 Plan and 2024 Plan for the year ended December 31, 2024 is as follows:
Restricted Stock Awards |  | Shares |  | Weighted Average Grant Date Fair Value per Share |  | Aggregate Fair Value |
Balance at January 1, 2024 |  | 550,581 |  | $ | 3.82 |  |  | $ | 2,103,219 |  |
Granted |  | 237,214 |  | $ | 5.52 |  |  | $ | 1,308,699 |  |
Vested |  | (517,709) |  | $ | 3.86 |  |  | $ | (1,998,357) |  |
Forfeited |  | (2,500) |  | $ | 4.80 |  |  | $ | (12,000) |  |
Balance at December 31, 2024 |  | 267,586 |  | $ | 5.24 |  |  | $ | 1,402,151 |  |

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- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock options and stock appreciation rights that were outstanding at the beginning and end of the year, exercisable at the end of the year, and the number of stock options and stock appreciation rights that were granted, exercised or converted, forfeited, and expired during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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