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Stockholders' Equity (Deficit) (Tables)
12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Summary Of Information Related To Common Stock Warrants

The following table presents information related to Common Stock warrants for the year ended December 31, 2024.

 

 

Number of Warrants

 

 

Weighted Average Exercise Price

 

 

Weighted Average Remaining Contractual Life in Years

 

 

Aggregate Intrinsic Value

 

Outstanding, December 31, 2023

 

4,638,454

 

 

$

10.20

 

 

 

4.62

 

 

$

1,382,919

 

Issued

 

89,787

 

 

 

2.81

 

 

 

 

 

 

 

Expired

 

(87,312

)

 

 

7.03

 

 

 

 

 

 

 

Outstanding, December 31, 2024

 

4,640,929

 

 

$

10.11

 

 

 

3.62

 

 

$

36,242

 

Exercisable, December 31,
2024

 

4,640,929

 

 

$

10.11

 

 

 

3.62

 

 

$

36,242

 

Summary of Option Activity

A summary of option activity during the year ended December 31, 2024 is presented below:

 

Number of
Options

 

 

Weighted
Average
Exercise
Price

 

 

Weighted
Average
Remaining
Life in
Years

 

 

Aggregate
Intrinsic
Value

 

Outstanding, December 31, 2023

 

 

1,689,765

 

 

$

2.72

 

 

 

9.00

 

 

$

1,850,397

 

Granted

 

 

3,399,424

 

 

 

0.73

 

 

 

 

 

 

 

Expired/Cancelled

 

 

(675,108

)

 

 

2.61

 

 

 

 

 

 

 

Outstanding, December 31, 2024

 

 

4,414,081

 

 

$

1.20

 

 

 

9.36

 

 

$

7,100

 

Vested/Exercisable, December 31, 2024

 

 

452,797

 

 

$

2.70

 

 

 

7.87

 

 

$

 

Schedule of Assumptions used in Black Scholes Option Pricing Model

The weighted average fair value of the options granted during the year ended December 31, 2024 was based on a Black Scholes option pricing model using the following assumptions:

Expected volatility

 

70% - 71%

Expected term of option

 

6.0 - 7.0

Range of risk-free interest rate

 

3.9% - 4.6%

Dividend yield

 

0%