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STOCKHOLDERS’ EQUITY
3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
STOCKHOLDERS’ EQUITY

NOTE 3 – STOCKHOLDERS’ EQUITY

 

In the first quarter of 2025, we sold 503,750 shares of our common stock for $10,075,000 in private transactions. We did not pay commissions or finder’s fees and are using the proceeds for working capital.

 

In the first quarter of 2025, we issued 45,169 shares of our common stock to unrelated third parties as compensation for their consulting services. The stock was valued at $903,380.

 

In the first quarter of 2024, we issued 15,650 shares of our common stock for $313,000 in private transactions. We did not pay commissions or finder’s fees and are using the proceeds for working capital.

 

In the first quarter of 2024, we issued 12,500 shares valued at $250,000 as a retainer pursuant to our engagement of Anglo-Chinese Financial as our investment banker.

 

In the first quarter of 2025 stock option expenses amounted to $460,019 compared to $205,102 for the same period in 2024.

 

As of March 31, 2025, the Company had 27,377,302 shares of common stock issued and outstanding.

 

The following table represents option activity for the three months ended March 31, 2025:

   Number of Options   Weighted Average Exercise Price   Weighted Average Remaining Contractual Life in Years   Aggregate Intrinsic Value 
Outstanding - December 31, 2024   1,851,074   $9.82    3.49                     
Exercisable - December 31, 2024   1,357,574   $8.99    2.50   $- 
Granted   -    -           
Forfeited   -    -           
Vested   -    -           
Outstanding - March 31, 2025   1,851,074   $9.82    3.25      
Exercisable - March 31, 2025   1,407,574   $8.92    2.35   $-