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Stockholder Equity (Tables)
9 Months Ended
Sep. 30, 2024
Stockholder Equity  
Schedule of stock option activity

 

 

Shares

 

 

Weighted

Average

Exercise

Price

 

 

Aggregate

Intrinsic

Value

 

 

Weighted

Average

Remaining

Contractual

Life (Years)

 

Options outstanding at December 31, 2023

 

 

10,828,174*

 

$0.83

 

 

$6,374,433

 

 

 

4.66

 

Granted

 

 

50,000

 

 

 

1.40

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Expired/forfeit

 

 

(137,924)

 

 

2.65

 

 

 

 

 

 

 

Options outstanding at March 31, 2024

 

 

10,740,250*

 

$0.81

 

 

$4,826,248

 

 

 

4.35

 

Granted

 

 

6,287,000

 

 

 

1.26

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

Expired/forfeit

 

 

(136,250)

 

 

2.88

 

 

 

 

 

 

 

Options outstanding at June 30, 2024

 

 

16,891,000*

 

$0.96

 

 

$4,053,840

 

 

 

6.09

 

Re-issuance of previously forfeited options

 

 

700,000

 

 

 

0.12

 

 

 

 

 

 

 

Granted

 

 

276,742

 

 

 

1.38

 

 

 

 

 

 

 

Exercised

 

 

(446,901)

 

 

1.05

 

 

 

 

 

 

 

Expired/forfeit

 

 

(213,331)

 

 

3.02

 

 

 

 

 

 

 

Options outstanding at September 30, 2024

 

 

17,207,510*

 

 

0.89

 

 

 

8,125,863

 

 

 

5.67

 

Options exercisable at September 30, 2024

 

 

9,737,166

 

 

$0.53

 

 

$4,294,227

 

 

 

2.94

 

Schedule of stock option assumtion

 

 

September  30, 2024

 

 

September  30, 2023

 

Dividend yield

 

 

0.00%

 

 

0.00%

Expected life

 

6.25 Years

 

 

5.45 – 6.53 Years

 

Expected volatility

 

26.20.-27.39

 

30.00-35.88

Risk-free interest rate

 

3.77-4.65

 

3.57-4.43

Schedule of warrant activity

 

 

 

 

 

Weighted-Average

 

 

 

 

 

 

Grant Date

 

 

 

Amount

 

 

Fair Value

 

Nonvested, beginning of the period

 

 

-

 

 

$-

 

Granted

 

 

3,053,742

 

 

 

1.26

 

Vested

 

 

-

 

 

 

-

 

Forfeited

 

 

-

 

 

 

-

 

Nonvested,end of the period

 

 

3,053,742

 

 

$1.26