Equity
|
12 Months Ended |
Dec. 31, 2024 |
|---|
| STOCKHOLDERS EQUITY (DEFICIT) |
|
| Summary of the status of the Company's Options related to the 2019 Incentive Plan |
|
|
December 31, 2024 |
|
|
December 31, 2023 |
|
|
|
Number of
Options
|
|
|
Weighted
Average
Exercise
Price
|
|
|
Number of
Options
|
|
|
Weighted
Average
Exercise
Price
|
|
Outstanding, beginning of year |
|
|
292,515 |
|
|
$ |
35.56 |
|
|
|
281,637 |
|
|
$ |
36.29 |
|
Forfeited |
|
|
(292,515 |
) |
|
|
35.56 |
|
|
|
- |
|
|
|
- |
|
Issued |
|
|
1,031,425 |
|
|
|
7.96 |
|
|
|
10,878 |
|
|
|
16.74 |
|
Outstanding, end of period |
|
|
1,031,425 |
|
|
$ |
7.96 |
|
|
|
292,515 |
|
|
$ |
35.56 |
|
|
| Schedule of Options outstanding and exercisable |
Outstanding Options |
|
|
Exercisable Options |
|
Exercise Price |
|
|
Number |
|
|
Average
Weighted
Remaining
Contractual
Life in Years
|
|
|
Exercise Price |
|
|
Number |
|
|
Weighted
Average
Exercise Price
|
|
| $ |
7.96 |
|
|
|
1,031,425 |
|
|
|
9.43 |
|
|
$ |
7.96 |
|
|
|
973,413 |
|
|
$ |
7.96 |
|
|
| Summary of unregistered warrants |
|
|
December 31, 2024 |
|
|
December 31, 2023 |
|
|
|
Number of
Warrants
|
|
|
Weighted
Average
Exercise
Price
|
|
|
Number of
Warrants
|
|
|
Weighted
Average
Exercise
Price
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding, beginning of year |
|
|
671,448 |
|
|
$ |
21.59 |
|
|
|
267,013 |
|
|
$ |
47.10 |
|
Issued |
|
|
30,924 |
|
|
|
12.59 |
|
|
|
642,397 |
|
|
|
14.83 |
|
Exercised |
|
|
- |
|
|
|
- |
|
|
|
(78,021 |
) |
|
|
0.00 |
|
Cancelled |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Expired |
|
|
(26,627 |
) |
|
|
47.29 |
|
|
|
(159,941 |
) |
|
|
47.53 |
|
Outstanding, end of period |
|
|
675,745 |
|
|
$ |
20.16 |
|
|
|
671,448 |
|
|
$ |
21.59 |
|
|
| Schedule of unregistered warrants outstanding and exercisable by price range |
Outstanding Warrants |
|
|
Exercisable Warrants |
|
|
Range of |
|
Number |
|
|
Average
Weighted
Remaining
Contractual
Life in Years
|
|
|
Exercise Price |
|
Number |
|
|
Weighted
Average
Exercise Price
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
6.00-11.99 |
|
|
17,832 |
|
|
|
4.61 |
|
$ |
6.00-11.99 |
|
|
17,832 |
|
|
|
8.24 |
|
|
12.00-17.99 |
|
|
569,968 |
|
|
|
1.95 |
|
|
12.00-17.99 |
|
|
569,968 |
|
|
|
16.87 |
|
|
18.00-23.99 |
|
|
7,500 |
|
|
|
4.99 |
|
|
18.00-23.99 |
|
|
7,500 |
|
|
|
20.19 |
|
|
30.00-35.99 |
|
|
36,800 |
|
|
|
1.42 |
|
|
30.00-35.99 |
|
|
36,800 |
|
|
|
33.00 |
|
|
48.00-53.99 |
|
|
4,165 |
|
|
|
0.55 |
|
|
48.00-53.99 |
|
|
4,165 |
|
|
|
51.60 |
|
|
54.00-55.99 |
|
|
38,543 |
|
|
|
0.70 |
|
|
54.00-55.99 |
|
|
38,543 |
|
|
|
57.60 |
|
|
60.00-65.99 |
|
|
281 |
|
|
|
1.37 |
|
|
60.00-65.99 |
|
|
281 |
|
|
|
62.40 |
|
|
66.00-71.99 |
|
|
656 |
|
|
|
1.07 |
|
|
66.00-71.99 |
|
|
656 |
|
|
|
67.20 |
|
|
|
|
|
675,745 |
|
|
|
1.95 |
|
|
|
|
|
675,745 |
|
|
$ |
20.16 |
|
|
| Schedule of Common Stock Warrants - Registered |
|
|
December 31, 2024 |
|
|
December 31, 2023 |
|
|
|
Number of
Registered Warrants
|
|
|
Weighted
Average
Exercise
Price
|
|
|
Number of
Registered Warrants
|
|
|
Weighted
Average
Exercise
Price
|
|
Outstanding, beginning of year |
|
|
495,917 |
|
|
$ |
33.00 |
|
|
|
495,917 |
|
|
$ |
33.00 |
|
Issued |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Exercised |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Cancelled |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Expired |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Outstanding, end of period |
|
|
495,917 |
|
|
$ |
33.00 |
|
|
|
495,917 |
|
|
$ |
33.00 |
|
|
| Schedule of registered warrants outstanding and exercisable by price range |
Outstanding Registered Warrants |
|
|
Exercisable Registered Warrants |
|
Exercise Price |
|
|
Number |
|
|
Average Weighted
Remaining Contractual
Life in Years
|
|
|
Exercise
Price
|
|
|
Number |
|
|
Weighted
Average
Exercise Price
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| $ |
33.00 |
|
|
|
495,917 |
|
|
|
1.42 |
|
|
$ |
33.00 |
|
|
|
495,917 |
|
|
|
33.00 |
|
|
| Schedule Of Stock Based Compensation |
|
|
2024 |
|
|
2023 |
|
Expected volatility |
|
|
122.46 |
% |
|
|
112.28 |
% |
Expected dividends |
|
|
0 |
% |
|
|
0 |
% |
Expected term |
|
5.1 years |
|
|
5.3 years |
|
Risk free rate |
|
|
4.29 |
% |
|
|
3.88 |
% |
|
| Schedule of RSA expense |
|
|
Year Ended December 31, |
|
Restricted Stock Units |
|
2024 |
|
|
2023 |
|
Expense |
|
$ |
3,211,688 |
|
|
$ |
- |
|
|
| Schedule of Restricted stock activity |
|
|
Year Ended December 31, |
|
Non-vested Stock Awards |
|
Shares |
|
|
Weighted
Average
Grant Date
Fair Value
Per Share
|
|
Non-vested as of December 31, 2023 |
|
|
- |
|
|
$ |
- |
|
Granted |
|
|
445,490 |
|
|
|
7.96 |
|
Vested |
|
|
(305,269 |
) |
|
|
7.96 |
|
Forfeited |
|
|
- |
|
|
|
- |
|
Non-vested as of December 31, 2024 |
|
|
140,221 |
|
|
$ |
7.96 |
|
|