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Stockholders’ Equity (Tables)

3 Months Ended

Mar. 31, 2025

Stockholders’ Equity (Deficit) [Abstract]

Schedule of Stock Options Awards Activity

The Company recognized stock-based compensation expense during the three months ended March 31, 2025 and 2024, as follows: 

		Three months ended March,
		2025				2024
Performance-based restricted stock awards		$	-			$	55,983
Service-based restricted stock awards			2,100,504				6,180,528
Option expense*			-				(1,335,027	)
Total stock-based compensation		$	2,100,504			$	4,901,484

* The option expense for the three months ended March 31, 2024, contains a reversal of stock-based compensation expenses from 2023 for cancelled option awards.

Schedule of Performance-Based Restricted Stock Awards Activity

The following table presents a summary of the Company’s performance-based restricted stock awards activity:

		Number of shares				Weighted Average Remaining Contractual Life (in years)
Outstanding as of December 31, 2024			72,101				7.56
Exercised			-				-
Expired/forfeited			-				-
Outstanding as of March 31, 2025			72,101				7.31
Exercisable as of March 31, 2025			72,101				7.31

The following table presents a summary of the Company’s service-based awards activity:

		Number of shares				Weighted Average Remaining Contractual Life (in years)
Outstanding as of December 31, 2024			14,178,458				1.30
Issued			1,235,030				-
Forfeited/cancelled			(72,047	)			-
Outstanding as of March 31, 2025			15,341,441				0.99
Exercisable as of March 31, 2025			1,921,566				0.01

Schedule of Stock Options Awards Activity

The following table presents a summary of the Company’s Stock options awards activity:

		Number of shares				Weighted Average Exercise Price				Weighted Average Remaining Contractual Life (in years)				Aggregate Intrinsic Value
Outstanding as of December 31, 2024			3,500,417			$	1.07				9.20			$	-
Issued			-				-				-				-
Outstanding as of March 31, 2025			3,500,417			$	1.07				8.95			$	-
Exercisable as of March 31, 2025			3,500,417			$	1.07				-			$	-

X

- Definition

Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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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 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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