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Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 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 six months ended June 30, 2025:

 

Expected volatility  124 – 146%
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 six months ended June 30, 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   (81,982)   4.17 
Expired, during the period   (116,104)   3.42 
Outstanding at June 30, 2025   695,812   $2.42 
Exercisable at June 30, 2025   507,437   $2.58