v3.25.4
STOCK OPTIONS (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2025
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]    
SCHEDULE OF STOCK OPTION TRANSACTION

Stock option transactions during the period ended September 30, 2025 were as follows:

 

   Shares   Weighted-
Average
Exercise
Price
  

Weighted Average

Remaining

Contractual

Term

(in years)

   Aggregate
Intrinsic Value
(in thousands)
 
                 
Outstanding at December 31, 2024   966,072   $102.75    9.0   $       - 
Options Granted   450,000    4.50           
Options Exercised   -    -           
Repriced legacy Options (modification)   

(700,000

)   

140.00

           
Reissued legacy options (repriced)   

700,000

    

4.50

    

8.5

      
Options Forfeited or Cancelled   (1,786)   14.70           
Options Expired   -    -           
Outstanding and Vested or Expected to Vest at September 30, 2025   1,414,286    4.53   8.8    - 
Options Exercisable at September 30, 2025   526,429    4.59    8.4   $- 

Stock option transactions during the year ended December 31, 2024 were as follows:

 

   As of
December 31, 2024
 
   Shares   Weighted-
Average
Exercise
Price
 
         
Outstanding at Beginning of Year   300,000   $4.32 
Granted   801,429    131.14 
Exercised   -    - 
Forfeited or Cancelled   (135,357)   54.20 
Outstanding and Vested or Expected to Vest at End of Year   966,072    102.75 
Options Exercisable at Year-End   219,643    4.90 
SCHEDULE OF FAIR VALUE OF VALUATION ASSUMPTIONS  

 

   Year ended December 31,  
   2024   2023   
Expected volatility   99%   101%
Expected dividend yield   —%   —%
Expected term (in years)   5.8-6.1    2.9 - 7.5 
Risk-free interest rate   3.4% - 4.6%    4.0% - 4.7%
SCHEDULE OF STOCK OPTIONS OUTSTANDING AND EXERCISABLE  

Information with respect to stock options outstanding and exercisable at December 31, 2024 is as follows:

 

   Options Outstanding and Vested or Expected to Vest   Options Exercisable 
Range of
Exercise Prices
  Number
Outstanding at
December 31, 2024
   Weighted-
Average
Remaining
Contractual
Life
   Weighted-
Average
Exercise Price
   Number
Exercisable at
December 31, 2024
   Weighted-
Average
Remaining Contractual Life
 
$3.50 - $210.00   966,072    9.0   $102.75    219,643   $8.3 

 

Information with respect to stock options outstanding and exercisable at December 31, 2023 is as follows:

 

   Options Outstanding 
Range of
Exercise
Prices
  Number
Outstanding at
December 31,
2023
   Weighted-
Average
Remaining
Contractual
Life
   Weighted-
Average
Exercise
Price
 
$3.50 - $9.80   300,000    8.3   $4.32