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Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2024

Equity [Abstract]

Schedule of Warrants Outstanding and Warrant Activity

Warrants outstanding and warrant activity (reflects the number of common shares as if the warrants were converted to common stock) for the year ended December 31, 2024 is as follows:

Warrant Type		Exercise Price Per Share				Expiration Date		Balance December 31, 2023				Warrants Granted				Warrants Exercised				Warrants Forfeited				Warrants Expired				Balance December 31, 2024
Common stock warrants issued related to the IPO		$	7.50			December 2024			1,523,500				-				(210,475	)			-				(1,313,025	)			-
Common stock warrants issued related to the Over-Allotment option		$	7.50			December 2024			145,000				-				-				-				(145,000	)			-
Common stock warrants issued to underwriters as compensation for IPO		$	6.25			December 2026			230,146				-				(50,496	)			(47,947	)			-				131,703
Common stock warrants issued to placement agent as part of the convertible promissory notes conversion		$	6.00			January 2028			182,407				-				-				-				-				182,407
Common stock warrants issued in connection with the Series A convertible preferred stock issued in 2020		$	9.15			December 2025			92,184				-				-				-				-				92,184
Common stock warrants issued as compensation for the 2023 Private Placement		$	7.58			December 2027			319,004				-				(51,866	)			(7,755	)			-				259,383
Common stock warrants issued as compensation for the October 2024 Private Placement		$	7.00			November 2029			-				150,000				-				-				-				150,000
									2,492,241																				815,677

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- References

No definition available.

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- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-1

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