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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Estimated Values of Stock Option Grants Valuation Assumptions

 

   Grant Date
June 21, 2025
 
Risk-free interest rate   3.96%
Expected term   5 years 
Expected volatility   88.39%
Expected dividend yield   0.00%
 
   Grant Date
August 16, 2024
   Grant Date
September 4, 2024
 
Risk-free interest rate   3.77%   3.61%
Weighted average expected term   5 years     6 years 
Expected volatility   100.97%   101.00%
Expected dividend yield   0.00%   0.00%

 

Schedule of Stock Options Activity

A summary of stock option activity during the nine months ended September 30, 2025 and 2024 is as follows:

 

           Weighted- 
       Weighted-   Average 
   Shares   Average   Remaining 
   Under   Exercise   Contractual 
   Option   Price   Life 
Outstanding at January 1, 2025   374,411   $6.22    8 years 
Exercised   (37,488)   5.13      
Granted   27,000    12.88      
Forfeited   (4,000)   4.63      
Outstanding at September 30, 2025   363,923   $6.83    7 years 
                
Exercisable at September 30, 2025   354,208   $6.74    6 years 

 

           Weighted- 
       Weighted-   Average 
       Average   Remaining 
   Shares   Exercise   Contractual 
   Under Option   Price   Life 
Outstanding at January 1, 2024   357,887   $5.69    8 years 
Granted   50,500    9.16      
Forfeited   (4,000)   4.63      
Outstanding at September 30, 2024   404,387   $6.14    7 years 
                
Exercisable at September 30, 2024   314,888   $5.97    7 years