STOCKHOLDERS’ EQUITY (Tables)
|
12 Months Ended |
Dec. 31, 2024 |
|---|
| Equity [Abstract] |
|
| SUMMARY OF BLACK-SCHOLES OPTION PRICING MODEL TO STOCK OPTIONS GRANTED ASSUMPTION |
In
applying the Black-Scholes option pricing model to options granted, the Company used the following assumptions:
SUMMARY OF BLACK-SCHOLES OPTION PRICING MODEL TO STOCK OPTIONS GRANTED ASSUMPTION
| |
|
For the Years Ended |
|
| |
|
December 31, |
|
| |
|
2024 |
|
|
2023 |
|
|
2022 |
|
| |
|
|
|
|
|
|
|
|
|
| Risk free interest rate |
|
|
3.60%-4.64% |
|
|
|
3.00%-4.14% |
|
|
2.47%-3.25% |
|
| Expected term (years) |
|
|
6.00 |
|
|
|
5.00 |
|
|
1.00-8.00
|
|
| Expected volatility |
|
|
110.3%-125.9% |
|
|
|
115.9%-117.3% |
|
|
115%-133.4% |
|
| Expected dividends |
|
|
0.00 |
% |
|
|
0.00 |
% |
|
0.00% |
|
|
| SUMMARY OF OPTIONS ACTIVITY |
A
summary of the option activity during the year ended December 31, 2024 is presented below:
SUMMARY OF OPTIONS ACTIVITY
| |
|
|
|
|
|
|
|
Weighted |
|
|
|
|
| |
|
|
|
|
Weighted |
|
|
Average |
|
|
|
|
| |
|
|
|
|
Average |
|
|
Remaining |
|
|
Aggregate |
|
| |
|
Number of |
|
|
Exercise |
|
|
Life |
|
|
Intrinsic |
|
| |
|
Shares |
|
|
Price |
|
|
In Years |
|
|
Value |
|
| Outstanding, January 1, 2024 |
|
|
936,245 |
|
|
$ |
24.68 |
|
|
|
|
|
|
|
|
|
| Granted |
|
|
128,303 |
|
|
|
5.37 |
|
|
|
|
|
|
|
|
|
| Exercised |
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
| Cancelled/forfeited/expired |
|
|
(78,383 |
) |
|
|
8.70 |
|
|
|
|
|
|
|
|
|
| Outstanding, December 31, 2024 |
|
|
986,165 |
|
|
$ |
26.27 |
|
|
|
5.4 |
|
|
$ |
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable, December 31, 2024 |
|
|
916,635 |
|
|
$ |
27.63 |
|
|
|
5.1 |
|
|
$ |
- |
|
|
| SCHEDULE OF STOCK OPTIONS |
The
following table presents information related to stock options as of December 31, 2024:
SCHEDULE OF STOCK OPTIONS
| |
|
|
Options Outstanding |
|
|
Options Exercisable |
|
| |
|
|
Weighted |
|
|
|
|
|
Weighted |
|
|
|
|
| Range of |
|
|
Average |
|
|
Outstanding |
|
|
Average |
|
|
Exercisable |
|
| Exercise |
|
|
Exercise |
|
|
Number of |
|
|
Remaining Life |
|
|
Number of |
|
| Price |
|
|
Price |
|
|
Options |
|
|
In Years |
|
|
Options |
|
| $1.73-$9.14 |
|
|
$ |
2.93 |
|
|
|
273,640 |
|
|
|
1.0 |
|
|
|
229,780 |
|
| $15.51-$38.45 |
|
|
$ |
34.55 |
|
|
|
671,993 |
|
|
|
3.4 |
|
|
|
646,323 |
|
| $40.82-$59.22 |
|
|
$ |
46.50 |
|
|
|
40,532 |
|
|
|
0.7 |
|
|
|
40,532 |
|
| |
|
|
|
|
|
|
|
986,165 |
|
|
|
5.1 |
|
|
|
916,635 |
|
|
| SUMMARY OF BLACK-SCHOLES OPTION PRICING MODEL TO WARRANTS GRANTED ASSUMPTION |
In
applying the Black-Scholes option pricing model to warrants granted, the Company used the following assumptions:
SUMMARY OF BLACK-SCHOLES OPTION PRICING MODEL TO WARRANTS GRANTED ASSUMPTION
| |
|
For the Years Ended |
|
| |
|
December 31, |
|
| |
|
2024 |
|
|
2023 |
|
|
2022 |
|
| |
|
|
|
|
|
|
|
|
|
| Risk free interest rate |
|
|
N/A |
|
|
|
3.39%-4.03
|
% |
|
|
N/A |
|
| Expected term (years) |
|
|
N/A |
|
|
|
5.00 |
|
|
|
N/A |
|
| Expected volatility |
|
|
N/A |
|
|
|
115.9%-133.4 |
% |
|
|
N/A |
|
| Expected dividends |
|
|
N/A |
|
|
|
0.00 |
% |
|
|
N/A |
|
|
| SCHEDULE OF WARRANT ACTIVITY |
The
following table accounts for the Company’s warrant activity for the year ended December 31, 2024:
SCHEDULE OF WARRANT ACTIVITY
| |
|
|
|
|
|
|
|
Weighted |
|
|
|
|
| |
|
|
|
|
Weighted |
|
|
Average |
|
|
|
|
| |
|
|
|
|
Average |
|
|
Remaining |
|
|
Aggregate |
|
| |
|
Number of |
|
|
Exercise |
|
|
Life |
|
|
Intrinsic |
|
| |
|
Shares |
|
|
Price |
|
|
In Years |
|
|
Value |
|
| Outstanding, January 1, 2024 |
|
|
1,145,914 |
|
|
$ |
9.69 |
|
|
|
|
|
|
|
|
|
| Issued |
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
| Exercised |
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
| Outstanding, December 31, 2024 |
|
|
1,145,914 |
|
|
$ |
9.69 |
|
|
|
3.2 |
|
|
$ |
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable, December 31, 2024 |
|
|
1,145,914 |
|
|
$ |
9.69 |
|
|
|
3.2 |
|
|
$ |
- |
|
|
| SCHEDULE OF STOCK WARRANTS |
The
following table presents information related to stock warrants as of December 31, 2024:
SCHEDULE OF STOCK WARRANTS
| |
|
|
Warrants Outstanding |
|
|
Warrants Exercisable |
|
| |
|
|
Weighted |
|
|
|
|
|
Weighted |
|
|
|
|
| Range of |
|
|
Average |
|
|
Outstanding |
|
|
Average |
|
|
Exercisable |
|
| Exercise |
|
|
Exercise |
|
|
Number of |
|
|
Remaining Life |
|
|
Number of |
|
| Price |
|
|
Price |
|
|
Warrants |
|
|
In Years |
|
|
Warrants |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| $ |
8.82-$11.56 |
|
|
$ |
9.69 |
|
|
|
1,145,914 |
|
|
|
3.2 |
|
|
|
1,145,914 |
|
| |
|
|
|
|
|
|
|
|
1,145,914 |
|
|
|
3.2 |
|
|
|
1,145,914 |
|
|