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

Subsequent Events

v3.25.1
Subsequent Events - USD ($)
 1 Months Ended 2 Months Ended 5 Months Ended 7 Months Ended
Oct. 15, 2024
Mar. 05, 2024
Feb. 21, 2025
Jan. 31, 2025
Feb. 14, 2023
Mar. 10, 2025
Jun. 10, 2024
Dec. 31, 2024
Shares repurchased $ 26,863              
Awards to Non-Employee Directors               5,382
Loan Amount   $ 517,560     $ 605,600      
Monthly Payment   $ 59,563     $ 69,666      
Additional shares granted for future services               $ 104,819
Description of shares vested immediately on the date of the award               The restricted shares have been issued to Mr. Yaldoo, 2,691 shares vested immediately on the date of the award, 1,345 shares will vest on March 11, 2025, and 1,346 shares will vest on the day prior to the 2025 annual stockholder meeting
Accrued Compensation for Non-Employee Directors             $ 69,827 $ 124,934
Fair market value per share at grant date             $ 16.74 $ 7.97
Value of stock issued in exchange for cash compensation             $ 69,827 $ 229,753
Vesting Terms of the Restricted Shares             March 31, 2025 June 10, 2025
Share-Based Compensation in Lieu of Cash             4,170 28,826
Subsequent Event [Member]                
Shares repurchased       $ 181,066        
Number of shares issued during the period           124,180    
Fair value of stock issued during the period           $ 3,104,500    
Aggregate minimum purchase price for the buy-out option under the Participation Agreements           $ 5,306,500    
2021 Plan Evergreen Provision [Member]                
Shares repurchased       $ 181,066        
Awards to Non-Employee Directors       38,378        
Loan Amount     $ 488,198          
Interest rate     7.85%          
Monthly Payment     $ 50,593