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Stock Options
3 Months Ended
Mar. 31, 2025
Stock Options [Abstract]  
STOCK OPTIONS

NOTE 8 – STOCK OPTIONS

 

A summary of the status of the Company’s outstanding stock options and changes is presented below:

 

Stock Options  Options   Weighted
Average
Exercise
Price
   Aggregate
Intrinsic
Value
 
Options outstanding December 31, 2023   156,899   $0.04   $1,656,270 
Granted   20,000   $0.10      
Exercised   (156,899)  $0.04      
Expired   
   $
      
Options outstanding December 31, 2024   20,000   $0.10   $39,400 
Granted   
    
 
      
Exercised   
    
 
      
Expired   
    
 
      
Options outstanding March 31, 2025   20,000   $0.10   $21,800 
Shares exercisable at March 31, 2025   20,000   $0.10   $21,800 

 

During the three months ended March 31, 2025 and 2024 the Company recognized $33,875 and $304,874, respectively, in stock-based compensation related to the above-mentioned options. As of March 31, 2025 there is $101,625 of unrecognized expense for the above-mentioned options is expected to extend for 1.01 years and the weighted average contractual term of the options outstanding and of the option exercisable were 8.76 years.