STOCKHOLDERS’ EQUITY (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
| Equity [Abstract] |
|
| SCHEDULE OF WARRANT ACTIVITY |
A
summary of the warrant activity during the year ended December 31, 2025 is presented below:
SCHEDULE OF WARRANT ACTIVITY
| | |
| | |
| | |
Weighted | |
| | |
| | |
Weighted | | |
Average | |
| | |
| | |
Average | | |
Remaining | |
| | |
Number of | | |
Exercise | | |
Life | |
| | |
Warrants | | |
Price | | |
In Years | |
| Outstanding, January 1, 2025 | |
| 3,951,634 | | |
$ | 5.22 | | |
| | |
| Granted | |
| 543,654 | | |
| 2.75 | | |
| | |
| Expired | |
| (250 | ) | |
| 60.00 | | |
| | |
| Outstanding, December 31, 2025 | |
| 4,495,038 | | |
$ | 4.94 | | |
| 2.60 | |
| | |
| | | |
| | | |
| | |
| Exercisable, December 31, 2025 | |
| 4,495,038 | | |
$ | 4.94 | | |
| 2.60 | |
|
| SCHEDULE OF STOCK WARRANTS |
The
following table presents information related to Common Stock warrants at December 31, 2025:
SCHEDULE
OF STOCK WARRANTS
| Warrants Outstanding | | |
Warrants Exercisable | |
| | | |
| | |
Weighted | | |
| |
| | | |
Outstanding | | |
Average | | |
Exercisable | |
| Exercise | | |
Number of | | |
Remaining Life | | |
Number of | |
| Price | | |
Warrants | | |
In Years | | |
Warrants | |
| | | |
| | |
| | |
| |
| $ | 2.43 | | |
| 2,513,686 | | |
| 3.1 | | |
| 2,513,686 | |
| $ | 2.75 | | |
| 543,654 | | |
| 4.8 | | |
| 543,654 | |
| $ | 2.92 | | |
| 51,370 | | |
| 1.9 | | |
| 51,370 | |
| $ | 10.00 | | |
| 1,150,358 | | |
| 0.9 | | |
| 1,150,358 | |
| $ | 12.50 | | |
| 235,970 | | |
| 0.9 | | |
| 235,970 | |
| | | | |
| 4,495,038 | | |
| | | |
| 4,495,038 | |
|
| SCHEDULE OF STOCK OPTION GRANTED ASSUMPTIONS |
In
applying the Black-Scholes option pricing model to warrants granted, the Company used the following assumptions:
SCHEDULE
OF STOCK OPTION GRANTED ASSUMPTIONS
| | |
October 8, 2025 | |
| Risk free interest rate | |
| 3.72% | |
| Expected term (years) | |
| 5.00 | |
| Expected volatility | |
| 95.36% | |
| Expected dividends | |
| 0.00% | |
|
| SCHEDULE OF STOCK OPTION ACTIVITY |
A
summary of the option activity during the year ended December 31, 2025 is presented below:
SCHEDULE
OF STOCK OPTION ACTIVITY
| | |
| | |
| | |
Weighted | | |
| |
| | |
| | |
Weighted | | |
Average | | |
| |
| | |
| | |
Average | | |
Remaining | | |
| |
| | |
Number of | | |
Exercise | | |
Life | | |
Intrinsic | |
| | |
Options | | |
Price | | |
In Years | | |
Value | |
| Outstanding, January 1, 2025 | |
| 3,263,467 | | |
$ | 2.63 | | |
| | | |
| | |
| Granted | |
| 2,202,908 | | |
| 2.44 | | |
| | | |
| | |
| Exercised | |
| (29,249 | ) | |
| 1.45 | | |
| | | |
| | |
| Forfeited | |
| (170,526 | ) | |
| 2.20 | | |
| | | |
| | |
| Outstanding, December 31, 2025 | |
| 5,266,600 | | |
$ | 2.57 | | |
| 7.5 | | |
$ | - | |
| | |
| | | |
| | | |
| | | |
| | |
| Exercisable, December 31, 2025 | |
| 3,993,082 | | |
$ | 2.69 | | |
| 7.1 | | |
$ | - | |
|
| SCHEDULE OF INFORMATION RELATED TO STOCK OPTIONS |
The
following table presents information related to stock options at December 31, 2025:
SCHEDULE OF INFORMATION RELATED TO STOCK OPTIONS
| Options Outstanding | | |
Options Exercisable | |
| | | |
| | |
Weighted | | |
| |
| | | |
Outstanding | | |
Average | | |
Exercisable | |
| Exercise | | |
Number of | | |
Remaining Life | | |
Number of | |
| Price | | |
Options | | |
In Years | | |
Options | |
| | | |
| | |
| | |
| |
| $ | 1.45 | | |
| 1,705,824 | | |
| 7.1 | | |
| 1,414,156 | |
| $ | 1.62 | | |
| 25,000 | | |
| 9.8 | | |
| 12,500 | |
| $ | 1.78 | | |
| 25,000 | | |
| 9.4 | | |
| 12,500 | |
| $ | 2.46 | | |
| 2,141,129 | | |
| 9.1 | | |
| 1,184,279 | |
| $ | 2.91 | | |
| 565,049 | | |
| 5.7 | | |
| 565,049 | |
| $ | 5.08 | | |
| 804,598 | | |
| 4.9 | | |
| 804,598 | |
| | | | |
| 5,266,600 | | |
| | | |
| 3,993,082 | |
|
| SCHEDULE OF STOCK OPTION GRANTED ASSUMPTIONS |
In
applying the Black-Scholes option pricing model to stock options granted, the Company used the following assumptions:
SCHEDULE
OF STOCK OPTION GRANTED ASSUMPTIONS
| | |
For the Years Ended | |
| | |
December 31, | |
| | |
2025 | | |
2024 | |
| Risk free interest rate | |
| 3.68 - 4.40% | | |
| 4.14 - 4.30% | |
| Expected term (years) | |
| 5.27 - 5.38 | | |
| 2.77 - 5.38 | |
| Expected volatility | |
| 95.96 - 99.32% | | |
| 101 - 102% | |
| Expected dividends | |
| 0.00% | | |
| 0.00% | |
|
| SCHEDULE OF STOCK OPTION EXPENSE |
The
following table presents information related to stock-based compensation expense:
SCHEDULE OF STOCK OPTION EXPENSE
| | |
| | |
| | |
| | |
| |
| | |
For the Years Ended | | |
Unrecognized at | | |
Weighted Average Remaining
Amortization | |
| | |
December 31, | | |
December 31, | | |
Period | |
| | |
2025 | | |
2024 | | |
2025 | | |
(Years) | |
| Research and development | |
$ | 1,524,053 | | |
$ | 1,358,204 | | |
| | | |
| | |
| General and administrative | |
| 1,801,573 | | |
| 1,454,362 | | |
| | | |
| | |
| Total | |
$ | 3,325,626 | | |
$ | 2,812,566 | | |
$ | 1,492,747 | | |
| 1.65 | |
| Stock-based compensation expense | |
$ | 3,325,626 | | |
$ | 2,812,566 | | |
$ | 1,492,747 | | |
| 1.65 | |
|