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STOCKHOLDERS EQUITY (Tables)
12 Months Ended
Dec. 31, 2024
STOCKHOLDERS' EQUITY  
Schedule of share-based compensation

 

 

For The Years Ended December 31,

 

 

 

2024

 

 

2023

 

Share-based compensation expense:

 

 

 

 

 

 

Stock options

 

$219,968

 

 

$-

 

RSUs

 

$348,620

 

 

$-

 

Total share-based compensation expense

 

$568,588

 

 

$-

 

Schedule of Stock options

 

 

For The Year Ended

 

Grant-Date Weighted-Average Assumptions

 

December 31, 2024

 

Expected term (in years)

 

 

4.5

 

Risk-free interest rate

 

 

4.3%

Expected dividend yield

 

 

0.0%

Expected volatility

 

 

136.0%

Fair value per share of options granted

 

$0.18

 

 

 

 

 

 

 

 

 

Weighted-Average

 

 

 

 

 

 

 

 

 

Weighted-Average

 

 

Remaining

 

 

Aggregate

 

 

 

 

 

 

Exercise Price

 

 

Contractual

 

 

Intrinsic

 

 

 

Shares

 

 

Per Share

 

 

Term (in years)

 

 

Value

 

Options outstanding, December 31, 2023

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Granted

 

 

4,330,000

 

 

$0.23

 

 

 

-

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Forfeited

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Expired

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Options outstanding, December 31, 2024

 

 

4,330,000

 

 

$0.23

 

 

 

3.7

 

 

$6,652,700

 

Nonvested options, December 31, 2024

 

 

4,257,500

 

 

$0.23

 

 

 

3.6

 

 

$6,547,800

 

Vested and exercisable options, December 31, 2024

 

 

72,500

 

 

$0.32

 

 

 

9.6

 

 

$104,900

 

Schedule of Restricted stock units

 

 

 

 

 

Weighted-Average

 

 

 

 

 

 

Grant-Date

 

 

 

 

 

 

Fair Value

 

 

 

Shares

 

 

Per Share

 

Nonvested shares at December 31, 2023

 

 

-

 

 

 

n/a

 

Granted

 

 

2,890,000

 

 

$0.24

 

Vested

 

 

(800,000)

 

$0.22

 

Forfeited

 

 

-

 

 

 

n/a

 

Nonvested shares at December 31, 2024

 

 

2,090,000

 

 

$0.24

 

Schedule of Common Stock Warrants

 

 

Number of

 

 

Weighted Average

 

 

 

warrants

 

 

Exercise Price

 

Balance outstanding at December 31, 2023 and 2022

 

 

12,346,215

 

 

$0.75

 

Exercised

 

 

(2,204,000)

 

 

0.67

 

Balance outstanding at December 31, 2024

 

 

10,142,215

 

 

$0.77

 

Schedule Of Warrants outstanding

Number of warrants

 

 

Exercise Price

 

 

Expiration Date

 

Remaining life (years)

 

 

2,085,715

 

 

$0.46

 

 

1/27/2026

 

 

1.07

 

 

7,250,000

 

 

$0.85

 

 

8/3/2026

 

 

1.59

 

 

806,500

 

 

$0.85

 

 

2/1/2026

 

 

1.09

 

 

10,142,215