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Stockholders’ Equity (Tables)

9 Months Ended

Sep. 30, 2025

Stockholders’ Equity [Abstract]

Schedule of Stock Options Awards Activity

The Company recognized stock-based compensation expense during the three and nine months ended September 30, 2025 and 2024, as follows: 

		For the three months ended September 30,								For the nine months ended September 30,
		2025				2024				2025				2024
Performance-based restricted stock awards		$	-			$	2,913			$	-			$	79,070
Service-based restricted stock awards*			(1,400,190	)			4,125,992				1,678,575				11,161,386
Option expense**			-				1,191,918				-				35,098
Total stock-based compensation		$	(1,400,190	)		$	5,320,823			$	1,678,575			$	11,275,554

*	The expense from service-based restricted stock awards for the three and nine months ended September 30, 2025, includes the reversal of stock-based compensation expense related to forfeited unvested RSUs, offset by expense incurred during the period.
**	The option expense for the nine months ended September 30, 2024, contains a reversal of stock-based compensation expense from the cancellation of option awards granted in 2023, offset by option expense incurred during the period.

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 September 30, 2025			72,101				6.81
Exercisable as of September 30, 2025			72,101				6.81

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			2,115,607				-
Exercised			(3,424,236	)
Forfeited			(10,202,093	)			-
Outstanding as of September 30, 2025			2,667,736				0.35
Exercisable as of September 30, 2025			211,329				0.04

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			$	-
Forfeited			(2,100,417	)			-				-				-
Outstanding as of September 30, 2025			1,400,000			$	0.55				8.15			$	-
Exercisable as of September 30, 2025			1,400,000			$	0.55				-			$	-

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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-SubTopic 10
-Section 50
-Paragraph 2
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- Definition

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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