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Equity Incentive Plans and Share-Based Payments (Tables)

12 Months Ended

Dec. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Options Assumptions

The fair value of each option was estimated on the date of the grant using the Black-Scholes option pricing model with the following assumptions:

Schedule of Stock Options Assumptions 

		2024				2023
Expected volatility			100	%			70% - 95	%
Expected term (in years)			5.24 - 6				6.0
Risk-free interest rate			4.2% - 4.3	%			3.54% - 4.66	%
Expected dividend yield			0	%			0.0	%

Schedule of Stock Option Activity

Options outstanding and exercisable under the employee share option plan as of December 31, 2024 and 2023, and a summary of option activity during the year then ended is presented below.

Schedule of Stock Option Activity 

		Shares				Weighted Average Exercise Price				Weighted Average Remaining Contractual Term				Aggregate Intrinsic Value (1)
Outstanding at December 31, 2022			86,951			$	62.16				9.27			$	1
Granted			49,730			$	9.35
Exercised			-			$	-
Canceled or forfeited			(37,195	)		$	52.55
Outstanding at December 31, 2023			99,486			$	39.36				8.79			$	-
Granted			1,289,954			$	1.37
Exercised			-			$	-
Canceled or forfeited			(30,722	)		$	11.77
Outstanding at December 31, 2024			1,358,718			$	3.88				9.36			$	5
Exercisable at December 31, 2024			83,382			$	34.45				8.14			$	-

(1) The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying options and the fair value of the Common Stock for the options that were in the money at December 31, 2024 and December 31, 2023.

Schedule of Restricted Stock Units

The following table summarizes the activity for RSUs during the year ended December 31, 2024 and December 31, 2023:

Schedule of Restricted Stock Units 

		Shares				Weighted Average Grant Date Fair Value
Outstanding balance at December 31, 2022			17,176			$	52.20
Awarded			-			$	-
Issued			(8,588	)		$	52.20
Forfeited			(3,817	)		$	52.20
Outstanding balance at December 31, 2023			4,771			$	52.20
Awarded			450,000			$	1.06
Issued			(4,771	)		$	52.20
Forfeited			-			$	-
Outstanding balance at December 31, 2024			450,000			$	1.06

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Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value.

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Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding restricted stock units that are fully vested and expected to vest. Includes, but is not limited to, unvested restricted stock units for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur.

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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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