Quarterly report [Sections 13 or 15(d)]

Warrants (Tables)

v3.25.1
Warrants (Tables)
3 Months Ended
Mar. 31, 2025
Offsetting Assets [Line Items]  
Schedule of warrant activity
             
    Warrants   Weighted-Average Remaining Contractual Life   Weighted-Average Exercise Price per Share
Outstanding at December 31, 2024     25,734,752       1.16     $ 2.19  
Granted                  
Exercised     (1,462,000 )           0.01  
Expired     (107,286 )           3.66  
Forfeitures                  
Outstanding at March 31, 2025     24,165,466       3.09     $ 2.32  
                         
Exercisable at March 31, 2025     24,165,466       3.09     $ 2.32  
Series A Derivative Warrants [Member]  
Offsetting Assets [Line Items]  
Schedule of assumptions
     
    March 31, 2025
Market Price   $0.62
Exercise Price   $0.57
Dividend Yield   –%
Volatility   86.55%
Risk-free Interest Rate   4.04%
Expected Life of Warrants   4.72

 

The fair value of the outstanding Series A derivative warrants was determined by using the BSM option pricing model based on the following assumptions as of December 31, 2024:

     
    December 31, 2024
Market Price   $0.59
Exercise Price   $0.57
Dividend Yield   –%
Volatility   102%
Risk-free Interest Rate   3.98%
Expected Life of Warrants   5.00
Series B Derivative Warrants [Member]  
Offsetting Assets [Line Items]  
Schedule of assumptions
     
    March 31, 2025
Market Price   $0.62
Exercise Price   $0.57
Dividend Yield   –%
Volatility   64.30%
Risk-free Interest Rate   4.04%
Expected Life of Warrants   1.22

 

The fair value of the outstanding Series B derivative warrants was determined by using the BSM option pricing model based on the following assumptions as of December 31, 2024:

     
    December 31, 2024
Market Price   $0.59
Exercise Price   $0.57
Dividend Yield   –%
Volatility   83%
Risk-free Interest Rate   3.98%
Expected Life of Warrants   1.50