Stock Warrants

12 Months Ended

Dec. 31, 2024

Stock Warrants

Stock Warrants

Note 7 – Stock Warrants

On October 28, 2024, the Company issued 71,250 warrants with a $6.25 exercise price with a fair value of $415,050 to its financial advisor. The Company estimated the fair value of the warrants using the Black-Scholes Pricing Model based on the following assumptions: (1) dividend yield of 0%, (2) expected volatility of 154.62%, (3) risk-free interest rate of 4.11%, and (4) expected life of 5 years.

A summary of the warrant activity for the year ended December 31, 2024 is as follows:

	Shares		Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term		Aggregate Intrinsic Value
Outstanding at January 1, 2023		-	$	-		-	$	-
Granted		-
Exercised		-		-		-		-
Cancelled/Exchanged		-
Outstanding at December 31, 2023		-	$	-		-	$	-
Granted		71,250		6.25		5.00
Exercised		-		-
Cancelled/Exchanged		-		-
Outstanding at December 31, 2024		71,250	$	6.25		5.00	$	-
Exercisable at December 31, 2024		-	$	-		-	$	-

A summary of the warrants outstanding at December 31, 2024 as follows:

	Exercise Price	Warrants Outstanding		Weighted Avg. Remaining Life		Warrants Exercisable
$	6.25		71,250		5.00		-
			71,250		5.00		-

The aggregate intrinsic value of outstanding stock warrants was $0 based on warrants with an exercise price less than the Company’s stock price of $3.43 as of December 31, 2024 which would have been received by the warrant holders had those holders exercised the warrants as of that date.