Warrant Liability (Tables)

3 Months Ended

Mar. 31, 2025

Short-Term Debt [Line Items]

Schedule of Warrant Liability Transactions

The details of warrant liability transactions were as follows:

	Three Months Ending
	March 31, 2025			March 31, 2024
	(Unaudited)			(Unaudited)
Beginning balance	$	252,000		$	1,052,000
Issuance of warrants at fair value		—			—
Change in fair value		(126,000	)		(658,000	)
Extinguishment		—			—
Ending balance	$	126,000		$	394,000

2023 Warrants [Member]

Short-Term Debt [Line Items]

Schedule of Warrant Liability Assumptions

The 2023 Warrant liability is valued using a BlackScholes Option pricing model with the following assumptions:

	2023 Warrants
	March 31, 2025			December 31, 2024
	(Unaudited)
Stock price	$	2.15		$	3.05
Risk-free interest rate 1		3.89	%		4.27	%
Expected volatility 2		112	%		114	%
Expected life (in years) 3		2.75 – 3.25			3.00 – 3.50
Expected dividend yield 4		—			—
Fair value of warrants	$	126,000		$	252,000

¹ Based on rates established by the Federal Reserve Bank

² Historical volatility of the Company’s common stock is used to estimate the future volatility of its common stock

³ Determined by the remaining contractual life of the derivative instrument

⁴ Based on no dividends paid or expected to be paid