Annual report [Section 13 and 15(d), not S-K Item 405]

STOCK OPTIONS (Tables)

v3.25.1
STOCK OPTIONS (Tables)
 12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
SCHEDULE OF STOCK OPTION ACTIVITY

A summary of option activity for the years ended December 31, 2024 and 2023 is presented below.

 SCHEDULE OF STOCK OPTION ACTIVITY

                Weighted-        
          Weighted-     Average        
          Average     Remaining     Aggregate  
          Exercise     Contractual     Intrinsic  
    Options     Price     Life (Years)     Value  
                         
Outstanding at January 1, 2023     696     $ 10,422.00       3.37     $ -  
Granted     10,293       190.00       -       -  
Forfeited and other     (554 )     12,096.00       -       -  
Exercised     -       -       -       -  
Outstanding at December 31, 2023     10,435       240.14       4.60       -  
Granted     9,019       9.81       -       -  
Forfeited and other     (1,379 )     333.58       -       -  
Exercised     -       -       -       -  
Outstanding at December 31, 2024     18,075     $ 127.61       4.22     $ -  
                                 
Vested December 31, 2024     4,911     $ 284.37       3.58     $ -  
                                 
Exercisable at December 31, 2024     4,911     $ 284.37       3.58     $ -  
SCHEDULE OF FAIR VALUE ASSUMPTIONS USING BLACK-SCHOLES METHOD

The grant date fair value of option awards is estimated using the Black-Scholes option pricing model based on the following assumptions:

 

    Years Ended December 31,  
    2024     2023  
             
Risk free interest rate     4.20 %     3.56% - 4.62 %  
Average expected term     5 years       5 years  
Expected volatility     145 %     127 – 145 %  
Expected dividend yield     -       -