Quarterly report [Sections 13 or 15(d)]

Stockholders??? Equity (Tables)

v3.25.1
Stockholders’ Equity (Tables)
 3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Schedule of options activity and related information
                       
    Number of   Weighted   Weighted
    Shares   Average   Average
    Under   Exercise   Contractual
    Options   Price   Life
Options Outstanding at January 1, 2025     678,302     $ 2.79       6.42  
Options Granted     35,767       4.61       4.86  
Exercised     —       —       —  
Expired/Cancelled     11,676       11,676       —  
Options Outstanding at March 31, 2025     702,393     $ 2.88       6.08  
                         
Options Exercisable at March 31, 2025     398,561     $ 2.79       5.59  
Schedule of weighted average fair value of options granted
               
    2025   2024
Weighted average fair value of stock options granted   $ 4.61     $ 3.32  
Risk-free interest rate     4.35%-4.47 %     3.94% - 4.21 %
Volatility     77%-122 %     126% - 159 %
Expected life (years)     3.5-6.0 years       3.5 – 6.0 years  
Dividend yield     — %     — %

Schedule of activity related to RSUs
               
Restricted Stock Units (RSUs)   Shares   Fair Value
Outstanding non-vested at January 1, 2025     214,375     $ 2.79  
Granted     31,090       4.43  
Vested     (78,119 )     2.84  
Forfeited     (256 )     —  
Outstanding non-vested at March 31, 2025     167,090     $ 3.06.