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Stock Options and Restricted Stock Units (Tables)

12 Months Ended

Dec. 31, 2024

Stock Options and Restricted Stock Units [Abstract]

Schedule of Estimated Using the Black-Sholes Option-Pricing Model

The fair values of stock options granted were estimated using the Black-Sholes option-pricing model with the following assumptions for the years ended December 31:

		2024				2023
Risk-free interest rates			3.8				3.70% - 3.97	%
Expected life (in years)			2.7				2.50 - 3.5
Expected volatility			64	%			61	%
Dividend yield			0.00	%			0.00	%
Weighted-average grant date fair value per share		$	3.75			$	3.46

Schedule of Company’s Stock Options

A summary of the status of the Company’s stock options as of December 31, 2024 and 2023, and changes during the two years then ended are presented below.

						Wtd. Avg.
						Exercise
		Options				Price
Balance, January 1, 2023			303,050			$	11.70
Granted during the period			189,620				3.46
Exercised during the period			-				-
Terminated/Expired during the period			(30,800	)			13.60
Balance, December 31, 2023			461,870			$	8.34
Granted during the period			80,000				3.75
Exercised during the period			(15,229	)			3.45
Terminated/Expired during the period			(109,638	)			9.86
Balance, December 31, 2024			417,003			$	7.00
Exercisable at December 31, 2024			372,005			$	7.41

Schedule of Summarizes Information About Outstanding Stock Options

The following table summarizes information about outstanding stock options at December 31, 2024:

									Wtd. Avg.
Range of Exercise Price			Number  Outstanding				Wtd. Avg. Life		Exercise Price
$3.43 - $23.80				417,003			2.8 years		$	7.00

Schedule of Company’s RSUs

A summary of the status of the Company’s RSUs as of December 31, 2024 is presented below:

		Number of Units				Weighted Average Grant Date Fair Value per Unit
Unvested Units at January 1, 2024			-			$	-
Granted during the period			282,628				6.06
Vested during the period			-				-
Terminated/Forfeited during the period			-				-
Unvested Units at December 31, 2024			282,628			$	6.06
Vested Units at December 31, 2024			-			$	-

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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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