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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Restricted Stock Activity
The following table summarizes the Company’s restricted stock activity consisting of RSUs:
 Shares
Outstanding
Weighted
Average
Grant Date
Fair Value
Outstanding at December 31, 2024241,932$2.36 
Granted4,040,198$5.91 
Vested(241,938)$2.36 
Unvested at June 30, 20254,040,192$5.91 
Schedule of Stock Option Activity
The following table summaries the Company’s stock option activity:
Stock OptionsWeighted
Average
Exercise Price
Per Share
Aggregate Intrinsic Value
Outstanding at December 31, 2024$— $— 
Granted1,000,000$2.67 
Outstanding at June 30, 20251,000,000$2.67 $— 
Exercisable at June 30, 2025$— $— 
Vested or expected to vest at June 30, 20251,000,000$2.67 $— 
Schedule of Stock-Based Compensation Expense
Stock-based compensation expense included in the accompanying consolidated statements of operations was:
Three Months Ended
June 30,
Six Months Ended
June 30,
2025202420252024
Stock-based compensation expense $6,221,140 $4,506,066 $12,261,113 $4,506,066