XML 34 R20.htm IDEA: XBRL DOCUMENT v3.25.1
Note 12 - Subsequent Events
12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Subsequent Events [Text Block]

Note 12 - Subsequent Events

 

(i) On January 4, 2025, the Company granted options under the 2021 Omnibus Incentive Plan to one senior officer, to purchase 25,000 shares of Common Stock at an exercise price of $0.01 per share. The options vested upon grant and are exercisable through January 4, 2035. These options were granted per the provisions of the Israeli Appendix to the Plan. The fair value of the options at the date of grant amounted to approximately $2,000.

 

(ii) On January 4, 2025, the Company granted options under the 2021 Omnibus Incentive Plan to five senior officers and two staff members to purchase 175,000 shares of Common Stock at an exercise price of $0.10 per share. The options vested upon grant and are exercisable through January 4, 2035. The fair value of the options at the date of grant amounted to approximately $15,000.

 

(iii) Approximately $5,315,000, inclusive of $650,000 from the exercise of warrants, was collected through the Company’s DSPP program during the period January 1, 2025 through March 26, 2025.

 

The Company has evaluated subsequent events through March 12, 2025, the date the financial statements were available to be issued. Except as disclosed above, no other events have occurred that would require adjustment to or disclosure in these financial statements.