v3.25.2
SCHEDULE OF CHANGE IN RESTRICTED STOCK UNITS (Details) - Restricted Stock Units (RSUs) [Member] - shares
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]    
Number of RSUs Outstanding 572,476 1,040,017
Number of RSUs Outstanding, Granted 351,042 [1] 45,306 [2]
Number of RSUs Outstanding, Vested (379,042) [3] (188,461) [4]
Number of RSUs Outstanding, Forfeited [5] (8,750)  
Number of RSUs Outstanding 535,726 886,862
Number of RSUs Outstanding,Expired or cancelled [6]   (10,000)
[1] In the six months ended June 30, 2025, 351,042 RSUs were granted to officers and consultants of the Company, with a total grant date fair value of $1,915,753 as measured at an average $5.46/share trailing to the date the RSU was granted, as follows: (i) 326,042 RSUs which immediately vested upon grant and (ii) 25,000 RSUs with time-based vesting of four years.
[2] 45,306 RSUs were granted to officers and consultants of the Company, with a total grant date fair value of $895,236 as measured at $19.76 per share using the Company’s 20-day volume weighted average price trailing to the date the RSU was granted, as follows: (i) 27,980 RSUs which immediately vested upon grant and (ii) 17,326 RSUs with time-based vesting in equal monthly installments over six months.
[3] In the six months ended June 30, 2025, 379,042 RSUs vested and were settled through the issuance of 379,042 shares of common stock.
[4] 188,461 RSUs vested and were settled through the issuance of 188,461 shares of common stock.
[5] In the six months ended June 30, 2025, 8,750 RSUs were forfeited upon termination of employment and service agreements with former executives and consultants of the Company.
[6] 10,000 RSUs were cancelled without vesting because the performance conditions for vesting were not met.