XML 33 R22.htm IDEA: XBRL DOCUMENT
v3.25.2

Stockholders’ Equity (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Stockholders’ Equity [Abstract] |
Schedule of Placement Agent Warrants Valuation Model with Assumptions | The March 2024 Placement Agent Warrants were valued on the date of issuance using Binomial Lattice valuation model with the following assumptions:
|  | March 15, 2024 |
Dividend rate |  |  | — | %
Term (in years) |  |  | 5.5 years |
Volatility |  |  | 186.5 | %
Risk—free interest rate |  |  | 4.33 | %
Schedule of Warrant Activity | Warrant activity for the six months ended June 30, 2025 is summarized as follows:
|  | Number of Warrants |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Term (Years) |  |  | Aggregate Intrinsic Value |
Balance Outstanding, December 31, 2024 |  |  | 4,509,259 |  |  | $ | 3.14 |  |  |  | 3.57 |  |  | $ | 301,616 |
Granted |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Balance Outstanding, June 30, 2025 |  |  | 4,509,259 |  |  | $ | 3.14 |  |  |  | 3.07 |  |  | $ | - |
Exercisable, June 30, 2025 |  |  | 4,509,259 |  |  | $ | 3.14 |  |  |  | 3.07 |  |  | $ | - |
Schedule of Grant Date Using a Black-Scholes Option Pricing Model | The stock options were valued at the grant date using a Black-Scholes option pricing model with the following assumptions:
|  | Six Months Ended June 30, 2025 |  |  | Six Months Ended June 30, 2024 |
Dividend rate |  |  | — |  |  |  | — | %
Term (in years) |  |  | 3.0 years |  |  |  | 3.0 to 5.5 years |
Volatility |  |  | 167.3 | % |  |  | 176.32 to 184.6 | %
Risk—free interest rate |  |  | 3.87 | % |  |  | 4.32% to 4.56 | %
Schedule of Stock Option Activity | Stock option activity during the six months ended June 30, 2025 is summarized as follows:
|  | Number of Options |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Term (Years) |  |  | Aggregate Intrinsic Value |
Balance Outstanding, December 31, 2024 |  |  | 64,084 |  |  | $ | 31.35 |  |  |  | 7.76 |  |  | $ | 3,080 |
Granted |  |  | 75,000 |  |  |  | 1.11 |  |  |  | - |  |  |  | - |
Balance Outstanding, June 30, 2025 |  |  | 139,084 |  |  | $ | 15.05 |  |  |  | 5.93 |  |  | $ | - |
Exercisable, June 30, 2025 |  |  | 58,459 |  |  | $ | 33.15 |  |  |  | 7.13 |  |  | $ | - |

X
- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 103 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-103 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (bbb)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3 + Details
Name: | us-gaap_ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_StockholdersEquityNoteAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration