STOCK OPTIONS (Tables)

9 Months Ended

Sep. 30, 2024

Date

Number of

Stock

Options

Stock

Price¹

Strike

Price

Expected Volatility

Interest Rate

Dividend Rate

Expected Term (years)²

Fair Value

1/1/2024

4,660,000

0.16

0.17

134.97

4.00

0.00

4.0

731,548

05/16/2024

390,000

0.11

135.44

4.49

0.00

4.0

30,616

	¹	Grant exercise price is based on the prior trading day’s closing price of $0.164 on December 29, 2024 and $0.11 on May 15, 2024.

	²	Options granted vest over various time periods ranging from two to four years with the majority vesting over a four-year term.

A summary of the status of the Company’s outstanding stock options and changes during the periods is presented below:

	Shares available to			Weighted Average		Weighted Average Remaining Contractual		Aggregate
	purchase with options			Exercise Price		Term (in years)		Intrinsic Value
Outstanding, December 31, 2023		-		$	-		-	$	-
Issued		5,050,000			0.17		8.75
Exercised		-			-		-		-
Cancelled/Forfeited		(290,000	)		0.17		-		-
Expired		-			-		-		-
Outstanding, September 30, 2024		4,760,000		$	0.17		9.26	$	-

Exercisable, September 30, 2024		876,036		$	0.17		9.26	$	-