v3.25.3
SHAREHOLDERS' EQUITY (Tables)
9 Months Ended
Sep. 30, 2025
SHAREHOLDERS' EQUITY  
Schedule of stock option activity

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Nine Months Ended September 30, 

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2025

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2024

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Weighted

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Weighted

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Average

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Average

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Number of Stock

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Exercise

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Number of Stock

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Exercise

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Options

    

Price

    

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Options

    

Price

Outstanding, beginning of period

 

4,405,000

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$

1.24

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4,725,000

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$

1.18

Exercised

 

(400,000)

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$

0.83

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(50,000)

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$

0.07

Cancelled/Expired

 

(300,000)

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$

0.83

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(270,000)

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$

0.42

Outstanding, end of period

 

3,705,000

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$

1.32

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4,405,000

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$

1.24

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Exercisable, end of period

 

3,705,000

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$

1.32

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4,363,333

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$

1.24

Non-vested, end of period

 

—

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$

—

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41,667

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$

1.20

Schedule of intrinsic value and weighted average remaining life for stock options

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Weighted

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Average

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Remaining

As of September 30, 2025:

    

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Intrinsic Value (1)

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Life (Years)

Stock options outstanding

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$

510

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6.4

Stock options exercisable

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$

510

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6.4

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(1)Intrinsic value is a measure of the value of those in-the-money stock options at September 30, 2025, where (i) in-the-money value is determined by comparing the option’s exercise price to the Company’s closing share price on September 30, 2025 and (ii) only options having an exercise price less than the Company’s closing share price on September 30, 2025 are deemed to have an intrinsic or inherent value.