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STOCKHOLDERS’ EQUITY (Tables)
3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
SCHEDULE OF BLACK-SCHOLES OPTION PRICING ESTIMATE FAIR VALUE
  

Number

of Options

(in shares)

  

Weighted

Average

Exercise

Price Per
Share

   Weighted
Average
Remaining
Contractual Life
  Aggregate
Intrinsic
Value
 
Outstanding at December 31, 2024   70,149   $6.52   3.3 years  $806,000 
Granted   6,900    17.77         
Exercised                
Forfeited or expired                
Outstanding at March 31, 2025   77,049   $7.52   3.4 years  $631,000 
Exercisable at March 31, 2025   68,714   $6.78   3.0 years  $604,000 
SCHEDULE OF STOCK OPTIONS FAIR VALUE ASSUMPTIONS ESTIMATED USING BLACK-SCHOLES

The fair value of the options granted during the three-month period ended March 31, 2025 was estimated to be $119,000 on the grant date using the Black-Scholes option-pricing model with the following weighted average assumptions:

 

 

Risk-free interest rate   4.41%
Expected term of options   5.6 years 
Expected annual volatility   181.8%
Expected dividend yield   %