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Stock Option Plan (Tables)
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of stock-based compensation expense for stock options
Stock-based compensation expense recognized in selling, general, and administrative, and research and development are as follows:
Three Months Ended March 31,
20252024
Options$554,659 $677,483 
Restricted stock— 168,904 
Stock options - modified options— 169 
Profit interest units— 31,226 
    Total$554,659 $877,782 
Schedule of stock option activity
The following is a summary of the stock option activity under the 2010 Plan for the three months ended March 31, 2025:
SharesWeighted-
Average
Exercise
Price per
Share($)
Weighted-
Average
Remaining
Contractual
Term
(Years)
Aggregate Intrinsic Value($)
Outstanding - December 31, 20241,916 1,033.97 2.54— 
Granted— — — — 
Exercised— — — — 
Forfeited— — — — 
Expired/Cancelled— — — — 
Outstanding - March 31, 20251,916 1,034.00 2.23— 
Options Exercisable at March 31, 20251,916 1,033.60 2.23— 
Options Vested at March 31, 2025
1,916 1,033.60 2.23— 
The following is a summary of the stock option activity under the 2020 Plan for the three months ended March 31, 2025:
SharesWeighted-
Average
Exercise
Price per
Share ($)
Weighted-
Average
Remaining
Contractual
Term
(Years)
Aggregate Intrinsic Value($)
Outstanding - December 31, 20244,743 3,874.89 6.68— 
Granted— — — — 
Exercised— — — — 
Forfeited— — — — 
Expired/Cancelled(10)2,708.00 — — 
Outstanding - March 31, 20254,733 3,877.35 6.45— 
Options Exercisable at March 31, 20253,650 4,993.33 6.18— 
Options Vested at March 31, 2025
3,650 4,993.33 6.18— 
Schedule of disclosure of share-based compensation arrangements by share-based payment award
Other Information:
Three Months Ended
March 31,
 
20252024
Amount received from option exercised$— $— 
March 31, 2025Weighted average remaining recognition period
Total unrecognized options compensation costs$38,505  1.36