v3.26.1
Equity Incentive Plans and Share-Based Payments (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

Options outstanding and exercisable under the employee share option plan as of December 31, 2025 and 2024, and a summary of option activity during the year then ended is presented below.

 

 

   Shares   Weighted
Average
Exercise Price
   Weighted
Average
Remaining
Contractual
Term
   Aggregate
Intrinsic Value (1)
 
Outstanding at December 31, 2023   99,486   $39.36    8.79   $  - 
Granted   1,289,954   $1.37           
Exercised   -   $-           
Canceled or forfeited   (30,722)  $11.77           
Outstanding at December 31, 2024   1,358,718   $3.88    9.36   $- 
Granted   719,844   $1.00           
Exercised   -   $-           
Canceled or forfeited   (191,844)  $4.65           
Outstanding at December 31, 2025   1,886,718   $2.70    7.46   $- 
Exercisable at December 31, 2025   515,408   $6.61    8.26   $- 

 

(1) The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying options and the fair value of the common stock for the options that were in the money at December 31, 2025 and December 31, 2024.
Schedule of Restricted Stock Units

The following table summarizes the activity for RSUs during the year ended December 31, 2025 and December 31, 2024:

 

   Shares   Weighted Average
Grant Date Fair
Value
 
Unvested balance at December 31, 2023   4,771   $52.20 
Awarded   450,000   $1.06 
Issued   (4,771)  $52.20 
Forfeited   -   $- 
Unvested balance at December 31, 2024   450,000   $1.06 
Awarded   187,500   $0.90 
Issued   (225,000)  $1.06 
Forfeited   -   $- 
Unvested balance at December 31, 2025   412,500   $0.99