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Stockholders' Equity/(Deficit) (Tables)

3 Months Ended

Mar. 31, 2025

Stockholders' Equity Note [Abstract]

Summary of Options Valued in Estimated on Date of Grant Using Black-Scholes Option-Pricing Model with Following Assumptions Used for Grants Issued

The Company used the following assumptions for the BSM to determine the fair value of the stock options granted during the three months ended March 31, 2025.

				March 27, 2025
Risk free interest rate					4.09	%
Expected life (in years)				5
Expected volatility					119	%
Expected dividend yield					0	%
Grant-date fair value				0.36

Summary of Changes in Warrants Outstanding

The following table sets forth a summary of changes in warrants outstanding from December 31, 2024 to March 31, 2025:

						Weighted-Average
		# of Shares				Exercise Price
Balance at December 31, 2024			10,727,387			$	2.30
Issued			—			$	—
Exercised			—			$	—
Cancellation/Expiration			—			$	—
Balance at March 31, 2025			10,727,387			$	2.30

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

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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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