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 black scholes option pricing model using assumptions
     
   

At

March 31, 2025

 
Grant date share price     $5.64  
Grant date exercise price      $4.79  
Expected term     0.25 years  
Expected volatility     74.1 %
Risk-free rate     4.32 %
Expected dividend rate     0 %
Schedule of stock-based compensation
     
    At
March 31, 2025
 
Cash payment received from employee withholdings   $ 51,781  
Cash from employee withholdings used to purchase shares under ESPP      
Cash and ESPP employee withholding liability   $ 51,781  

 

       
 
 
 
 
For the Three Months ended
March 31, 2025
 
 
Cash from employee withholdings used to purchase ESPP shares   $  
Stock based compensation expense     21,644  
Total increase to equity for three months ended March 31, 2025   $ 21,644  
Schedule of warrants
                       
    Number of
Options
    Weighted
Average
Exercise
Price
    Average
Remaining
Contractual
Term (Years)
    Aggregate
Intrinsic
Value
 
Outstanding at December 31, 2023     1,387,775     $ 5.23       3.0     $  
Granted         $           $  
Forfeited     (781,323 )   $ 5.17           $  
Outstanding at December 31, 2024     606,452     $ 5.29       2.0     $ 514,394  
Exercisable at December 31, 2024     442,445     $ 5.50       1.6     $ 296,145  
                                 
Outstanding at December 31, 2024     606,452     $ 5.29       2.0     $ 514,394  
Granted         $           $  
Exercised/Forfeited/Expired     131,084     $ 5.39           $  
Outstanding at March 31, 2025     475,368     $ 5.27       2.3     $ 351,353  
Exercisable at March 31, 2025     324,246     $ 5.76       1.9     $ 100,465  

  

 Warrants

Schedule of warrants                        
    Number of
Warrants
    Weighted
Average
Exercise
Price
    Weighted
Average
Remaining
Contractual
Term (Years)
    Aggregate
Intrinsic
Value
 
Outstanding at December 31, 2023     44,644     $ 7.70       0.7     $  
Warrants expired, forfeited, cancelled or exercised     (344,644 )   $           $  
Warrants issued     300,000     $ 3.00           $  
Outstanding at December 31, 2024         $           $  
Exercisable at December 31, 2024         $           $  
                                 
Outstanding at December 31, 2024         $           $  
Warrants issued         $           $  
Warrants expired, forfeited, cancelled or exercised         $           $  
Outstanding at March 31, 2025         $           $  
Exercisable at March 31, 2025         $           $  
Schedule of warrants
Schedule of warrants                        
    Number of
Warrants
    Weighted
Average
Exercise
Price
    Weighted
Average
Remaining
Contractual
Term (Years)
    Aggregate
Intrinsic
Value
 
Outstanding at December 31, 2023     44,644     $ 7.70       0.7     $  
Warrants expired, forfeited, cancelled or exercised     (344,644 )   $           $  
Warrants issued     300,000     $ 3.00           $  
Outstanding at December 31, 2024         $           $  
Exercisable at December 31, 2024         $           $  
                                 
Outstanding at December 31, 2024         $           $  
Warrants issued         $           $  
Warrants expired, forfeited, cancelled or exercised         $           $  
Outstanding at March 31, 2025         $           $  
Exercisable at March 31, 2025         $           $