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

STOCK-BASED COMPENSATION (Tables)

v3.25.1
STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2024
Equity [Abstract]  
Schedule of stock options activity
                       
    Common Stock Options  
    Shares     Weighted
Average
Exercise
Price
    Weighted
Average
Remaining
Life in years
    Intrinsic Value  
Outstanding at January 1, 2024     61     $ 354,819.26                  
Granted*     6,251     $ 13.61                  
Forfeited     (11 )   $ 85,854.55                  
Canceled     (17 )   $ 460,849.41                  
Outstanding at December 31, 2024     6,284     $ 1,775.40       9.61     $ 0  
Exercisable at December 31, 2024     34     $ 325,739.12       7.63     $ 0  

 

* Includes 6,250 inducement options granted outside of the 2021 Plan.
Schedule of assumptions
           
    2024     2023  
Volatility (based on the Company’s volatility in 2024 and peer companies in 2023)     152% - 170%       79% - 83%  
Risk free interest rate     4.0% - 4.5%       3.54% - 4.77%  
Dividends     None       None  
Estimated life in years     6       6  
Schedule of stock-based compensation expense
           
    2024     2023  
Cost of Goods Sold   $ (11,827 )   $ 211,981  
Sales and Marketing     37,063       693,559  
Product Development     126,337       837,271  
General and Administrative     159,388       885,114  
Total   $ 310,961     $ 2,627,925