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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Fair Value of Each Option Award Estimated Assumption

For stock options requiring an assessment of value during the three months ended March 31, 2025, the fair value of each stock option award was estimated using the Black-Scholes option-pricing model with the following assumptions:

 

Risk-free interest rate   3.950%
Expected dividend yield   0%
Expected volatility   128.78%
Expected life   2.5 years 
Summary of Stock-based Compensation Costs

A summary of stock-based compensation costs for the three months ended March 31, 2025 and 2024 is as follows:

 

   2025   2024 
   Three Months Ended March 31, 
   2025   2024 
         
Related parties  $99,738   $102,927 
Non-related parties        
Total stock-based compensation costs  $99,738   $102,927 
Summary of Stock Option Activity Including Options Form of Warrants

A summary of stock option activity, including options issued in the form of warrants, during the three months ended March 31, 2025 is as follows:

 

   Number of Shares  

Weighted Average

Exercise Price

  

Weighted Average

Remaining

Contractual Life

(in Years)

 
             
Stock options outstanding at December 31, 2024   613,232   $12.317      
Granted   48,846    1.592      
Exercised             
Expired             
Stock options outstanding at March 31, 2025   662,078   $11.526    2.99 
                
Stock options exercisable at December 31, 2024   409,897   $17.100      
Stock options exercisable at March 31, 2025   490,826   $14.612    2.33 
Schedule of Exercise Prices of Common Stock Options Outstanding and Exercisable Including Options Form of Warrants

At March 31, 2025, the outstanding common stock options, including options issued in the form of warrants, are exercisable at the following prices per common share:

 

Exercise Prices   Options
Outstanding (Shares)
  

Options

Exercisable (Shares)

 
          
$1.210    32,181    32,181 
$1.870    21,217    21,217 
$1.950    250,000    124,998 
$2.330    16,665    16,665 
$2.370    56,598    31,598 
$2.390    15,000    3,750 
$5.025    8,750    8,750 
$5.880    40,000    35,000 
$7.400    55,000    55,000 
$20.000    45,000    40,000 
$20.600    20,000    20,000 
$28.000    25,000    25,000 
$30.300    30,000    30,000 
$32.100    10,000    10,000 
$60.000    8,333    8,333 
$71.400    20,000    20,000 
$120.000    8,334    8,334 
      662,078    490,826