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

STOCKHOLDERS??? EQUITY AND STOCK-BASED COMPENSATION (Tables)

v3.25.0.1
STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Option Activity
Stock Options

A summary of the Company's stock option activity during the year ended December 31, 2024 was as follows:
Shares Weighted average exercise price
Outstanding at January 1, 2024 35,599,421 $ 0.78 
Granted 60,000 $ 0.14 
Exercised $ — 
Forfeited (3,750) $ 0.44 
Expired (1,383,750) $ 0.59 
Outstanding at December 31, 2024 34,271,921 $ 0.79 
Schedule of Fair Value Assumptions of Options
The grant date fair values of stock options granted in the year ended December 31, 2024 were estimated using the Black-Scholes valuation model with the following assumptions:

Estimated life (in years)
1.18
Weighted average volatility 64.81%
Weighted average risk-free interest rate 5.12%
Dividend yield
Schedule of Activity Related to RSUs
The activity related to RSUs for the year ended December 31, 2024 was as follows:
RSUs Weighted average grant date fair value
Unvested at January 1, 2024 5,825,538 $ 0.42 
Granted 4,803,991 $ 0.18 
Vested (2,636,750) $ 0.43 
Forfeited (286,654) $ 0.38 
Outstanding at December 31, 2024 7,706,125 $ 0.27