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
Stock Options [Abstract]  
Schedule of Stock Option Activity

Stock option activity for the years ended December 31, 2024 and 2023 was as follows:

 

    Number of
Options		     Weighted
average
exercise
price per
share		     Weighted
average
remaining
contractual
term (years)		     Aggregate
intrinsic value
(in thousands)		  
Outstanding, January 1, 2024     99,000     $ 32.38       8.55     $
       -
  
Granted     104,433     $ 8.13       9.16      
-
  
Expired/Cancelled     (21,399 )   $ 9.43       -      
-
  
Exercised    
-
      
-
       -      
-
  
Outstanding, December 31, 2024     182,034     $ 21.17       8.98      
-
  
                                 
Exercisable, December 31, 2024     106,536     $ 29.35       8.05     $
-
  
                                 
Outstanding, January 1, 2023     65,000     $ 45.63       9.12     $
-
  
Granted     44,000       9.82      
-
      
-
  
Expired/Cancelled     (10,000 )    
-
       -      
-
  
Exercised    
-
      
-
       -      
-
  
Outstanding, December 31, 2023     99,000     $ 32.38       8.55      
-
  
                                 
Exercisable, December 31, 2023     55,500     $ 44.71       8.39     $
-
  
                                 
Schedule of Weighted Average Assumptions The following weighted-average assumptions were used in the Black-Scholes calculations:
    Year ended December 31,  
    2024     2023  
Expected volatility    

88.41

 %     68.6 %
Expected term     6.5       6.5  
Weighted-average risk-free interest rate     4.2 %     4.1 %
Weighted average fair value of underlying interest   $

8.13

     $ 0.49  
Expected dividends    
-
      
-