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Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2025
Stockholders’ Equity [Abstract]  
Schedule of Black-Scholes Pricing Model to Estimate the Fair Value

The following table summarizes the assumptions used in the Black-Scholes pricing model to estimate the fair value of the options granted during the nine months ended March 31, 2025:

 

Expected volatility   136.8%
Expected life of option (in years)   5.1 – 6.2 
Risk free interest rate   4.4%
Expected dividend yield   0.0%
Schedule of Stock Option Activity

The following table summarizes stock option activity during the three months ended March 31, 2025:

 

       Weighted 
       Average 
   Number of   Exercise 
   Options   Price 
Stock Options:        
Outstanding at January 1, 2025   618,898   $3.04 
Granted during the period   275,000    1.98 
Cancelled/Forfeited, during the period   (45,386)   2.55 
Expired, during the period   (3,376)   2.55 
Outstanding at March 31, 2025   845,136   $2.72 
Exercisable at March 31, 2025   631,761   $2.97