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Stockholder Equity (Tables)
6 Months Ended
Jun. 30, 2024
Stockholder Equity  
Schedule of stock option activity

 

 

Shares

 

 

Weighted

Average

Exercise

Price

 

 

Aggregate

Intrinsic

Value

 

 

Weighted

Average

Remaining

Contractual

Life (Years)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding at December 31, 2023

 

 

10,828,174*

 

$0.83

 

 

$6,374,433

 

 

 

4.66

 

Granted

 

 

50,000

 

 

 

1.40

 

 

 

-

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Expired/forfeit

 

 

(137,924)

 

 

2.65

 

 

 

-

 

 

 

-

 

Options outstanding at March 31, 2024

 

 

10,740,250*

 

 

0.81

 

 

 

4,826,248

 

 

 

4.35

 

Granted

 

 

6,287,000

 

 

 

1.26

 

 

 

-

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Expired/forfeit

 

 

(1,027,880)

 

 

1.86

 

 

 

-

 

 

 

-

 

Options outstanding at June 30, 2024

 

 

15,999,370*

 

 

0.92

 

 

$4,499,098

 

 

 

9.07

 

Options exercisable at June 30, 2024

 

 

8,364,023

 

 

$0.47

 

 

$6,117,342

 

 

 

3.30

 

Schedule of stock option assumtion

 

 

June 30, 2024

 

 

June 30, 2023

 

Dividend yield

 

 

0.00%

 

 

0.00%

Expected life

 

6.25 Years

 

 

5.45 – 6.53 Years

 

Expected volatility

 

26.21.-26.38%

 

 

30.00-35.88%

 

Risk-free interest rate

 

4.09-4.65%

 

 

3.57-3.97%

 

Schedule of warrant activity

 

 

 

 

Weighted-Average

 

 

 

 

 

Grant Date

 

 

 

Amount

 

 

Fair Value

 

Nonvested, beginning of the period

 

 

-

 

 

$-

 

Granted

 

 

2,962,000

 

 

 

1.26

 

Vested

 

 

-

 

 

 

-

 

Forfeited

 

 

-

 

 

 

-

 

Nonvested,end of the period

 

 

2,962,000

 

 

$1.26