XML 39 R28.htm IDEA: XBRL DOCUMENT v3.25.3

Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2025

Equity [Abstract]

Schedule of Warrants

The following table represents a summary of warrants for the nine months ended September 30, 2025 and the year ended December 31, 2024:

			Nine Months Ended September 30, 2025												Year Ended December 31, 2024
			Number						Weighted Average Exercise Price						Number						Weighted Average Exercise Price
Beginning balance			8,744,698						$	1.40					7,444,698						$	1.68
Granted			8,666,667						1.15						11,631,035						0.34
Exercised			(8,509,926)						0.83						(10,331,035)						0.41
Expired			(3,247,458)						1.08						—						—
Ending balance			5,653,981						$	2.05					8,744,698						$	1.40
Warrants exercisable			5,653,981												8,744,698
Intrinsic value of warrants			$	53,293											$	6,661,661
Weighted Average Remaining Contractual Life (Years)			3.37												3.86

Schedule of Options

The following represents a summary of options for the Second Amended Plan and additional options granted outside of the Second Amended Plan, for the nine months ended September 30, 2025 and the year ended December 31, 2024:

			Number						Weighted Average Exercise Price						Weighted-Average Remaining Contractual Term (in Years)						Weighted Average Fair Value
Outstanding December 31, 2024			9,515,000						$	2.03					3.89						$	3.12
Granted			1,855,000						1.07						6.30						1.05
Exercised			(250,000)						0.21						0						0.19
Forfeited			(687,500)						0.80						—						2.00
Outstanding September 30, 2025			10,432,500						$	1.99					4.08						$	2.82
As of September 30, 2025
Vested and exercisable			7,601,835						$	2.09					4.31						$	2.47

Schedule of Stock Options, Valuation Assumptions

The following assumptions were used for the periods as follows:

			Nine Months Ended September 30, 2025						Year Ended December 31, 2024
Expected term			7 years						7 years
Expected volatility			164.63% – 169.72%						123.05% – 124.33%
Expected dividend yield			—						—
Risk-free interest rate			4.14% – 4.51%						3.89% - 4.45%

X

- References

No definition available.

+ Details

Name:	us-gaap_EquityAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of activity for outstanding award under share-based payment arrangement excluding share and unit options and nonvested award.

+ 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)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfOtherShareBasedCompensationActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ 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

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-SubTopic 10
-Topic 718
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- 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

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration