Quarterly report [Sections 13 or 15(d)]

STOCK OPTIONS (Tables)

v3.25.1
STOCK OPTIONS (Tables)
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
SCHEDULE OF STOCK OPTION ACTIVITY

A summary of option activity for the three months ended March 31, 2025 is presented below.

 

                Weighted-        
          Weighted-     Average        
          Average     Remaining     Aggregate  
          Exercise     Contractual     Intrinsic  
    Options     Price     Life (Years)     Value  
                         
Outstanding at January 1, 2025     18,075     $ 127.61       4.22     $ -  
Granted     13,451       6.59       -       -  
Forfeited     (275 )     146.00       -       -  
Exercised     -       -       -       -  
Outstanding at March 31, 2025     31,251     $ 75.36       4.32     $ -  
                                 
Vested March 31, 2025     4,817     $ 287.07       3.33     $ -  
                                 
Exercisable at March 31, 2025     4,817     $ 287.07       3.33     $ -  
SCHEDULE OF FAIR VALUE ASSUMPTIONS USING BLACK-SCHOLES METHOD

The fair value of share option award is estimated using the Black-Scholes option pricing method based on the following weighted-average assumptions:

 

    Three Months Ended March 31,  
    2025     2024  
Risk-free interest rate     4.46 %     4.62 %
Average expected term     5 years       5 years  
Expected volatility     144.13 %     270.57 %
Expected dividend yield     -       -