Number of
options

Weighted
average
exercise price
$

Weighted
average
remaining
contractual life
(years)

Aggregate
intrinsic value
$

Outstanding at December 31, 2023

812,500

0.88

4.82

2.15

Granted

485,000

2.66

-

Forfeited

(112,500

)

2.22

-

Outstanding at December 31, 2024

1,185,000

1.47

4.18

1.18

Granted

1,510,000

2.46

4.81

-

Exercised

(145,000

)

1.11

-

Forfeited

(45,000

)

2.76

-

Outstanding at December 31, 2025

2,505,000

2.05

2.75

-

Exercisable at December 31, 2025

1,313,750

1.81

3.49

-

Unvested at December 31, 2025

1,191,250

2.33

4.79

-