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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2025
Stockholders’ Equity [Abstract]  
Schedule of Black-Scholes Pricing Model to Estimate the Fair Value of Options

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 September 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 nine months ended September 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   (116,611)   3.44 
Outstanding at September 30, 2025   695,305   $2.42 
Exercisable at September 30, 2025   569,430   $2.51