STOCKHOLDERS’ EQUITY (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
| Equity [Abstract] |
|
| SCHEDULE OF COMMON STOCK |
The
Company issued the following common stock during 2025 and 2024:
SCHEDULE
OF COMMON STOCK
| |
| | |
| | |
Average
Value | |
| Transaction
Type | |
Shares
Issued | | |
Valuation
$ | | |
Per
Share | |
| 2025 Equity
Transactions | |
| | | |
| | | |
| | |
| Common stock issued,
pursuant to services provided | |
| 6,368,231 | | |
$ | 13,560,580 | | |
$ | 2.13 | |
| Common stock issued pursuant
to stock at the market offering, net | |
| 4,243,123 | | |
| 5,424,368 | | |
| 1.28 | |
| Common stock issued pursuant
to preferred dividends | |
| 30,842 | | |
| 38,559 | | |
| 1.25 | |
| Common stock issued pursuant
to conversion of notes | |
| 272,728 | | |
| 600,000 | | |
| 2.20 | |
| Common stock issued pursuant
to conversion of accrued interest | |
| 433,073 | | |
| 615,291 | | |
| 1.42 | |
| Common stock issued pursuant
to exercise of options | |
| 1,001,492 | | |
| 420,000 | | |
| 0.42 | |
| Common stock issued pursuant
to conversion of preferred stock | |
| 1,958,336 | | |
| 2,550,000 | | |
| 1.30 | |
| | |
| | | |
| | | |
| | |
| 2024 Equity
Transactions | |
| | | |
| | | |
| | |
| Common stock issued, pursuant
to services provided | |
| 4,369,031 | | |
$ | 13,474,433 | | |
| 0.82-1.78
| |
| Common stock issued pursuant
to stock at the market offering, net | |
| 3,535,067 | | |
| 4,330,295 | | |
| 0.9
– 1.64 | |
| Common stock issued pursuant
to exercise of options, net | |
| 128,023 | | |
| 7,501 | | |
| - | |
| Common stock issued pursuant
to acquisition | |
| 1,853,421 | | |
| - | | |
| - | |
|
| SCHEDULE OF PREFERRED STOCK ACTIVITY |
SCHEDULE
OF PREFERRED STOCK ACTIVITY
| Transaction Type | |
Quantity | | |
Carrying Value | | |
Value per Share, gross | |
| Preferred Stock Balance at January 1, 2024 | |
| - | | |
$ | - | | |
$ | - | |
| Preferred Stock Series A | |
| 200,000 | | |
| 5,000,000 | | |
| 25 | |
| Preferred Stock Series A-1 | |
| 240,000 | | |
| 6,000,000 | | |
| 25 | |
| Preferred Stock Balance at December 31, 2024 | |
| 440,000 | | |
$ | 11,000,000 | | |
$ | 25 | |
During
the year ended December 31, 2025, the Company authorized the issuance of 60,000 shares of a new series of preferred stock Series A-2.
Details of activity in Preferred Stock Series A-1 and Series A-2 are as follows:
| Transaction Type | |
Quantity | | |
Carrying Value | | |
Value per Share, gross | |
| Preferred Stock Series A-1 Balance at January 1, 2025 | |
| 240,000 | | |
$ | 6,000,000 | | |
$ | 25 | |
| Issuance | |
| 154,000 | | |
| 3,674,167 | | |
| 25 | |
| Conversion to common stock | |
| (102,000 | ) | |
| (2,550,000 | ) | |
| 25 | |
| Preferred Stock Series A-1 Balance at December 31, 2025 | |
| 292,000 | | |
$ | 7,124,167 | | |
$ | 25 | |
| | |
| | | |
| | | |
| | |
| Preferred Stock Series A-2 Balance at January 1, 2025 | |
| - | | |
$ | - | | |
$ | - | |
| Issuance | |
| 60,000 | | |
| 1,500,000 | | |
| 25 | |
| Conversion to common stock | |
| - | | |
| - | | |
| - | |
| Preferred Stock Series A-2 Balance at December 31, 2025 | |
| 60,000 | | |
$ | 1,500,000 | | |
$ | 25 | |
|
| SCHEDULE OF STOCK OPTION ACTIVITY |
The
following is a summary of the Company’s stock option activity during 2025 and 2024:
SCHEDULE
OF STOCK OPTION ACTIVITY
| | |
| | |
| | |
Weighted | | |
| |
| | |
| | |
| | |
Average | | |
| |
| | |
| | |
| | |
Remaining | | |
| |
| | |
| | |
Weighted | | |
Contractual | | |
Aggregate | |
| | |
| | |
Average | | |
Life | | |
Intrinsic | |
| Options | |
Shares | | |
Exercise Price | | |
(In Years) | | |
Value | |
| Outstanding, January 1, 2025 | |
| 32,493,392 | | |
$ | 7.31 | | |
| 2.45 | | |
$ | 1,727,080 | |
| Exercised | |
| 1,113,000 | | |
$ | 0.70 | | |
| | | |
| | |
| Granted | |
| 5,633,030 | | |
| 1.65 | | |
| - | | |
| - | |
| Forfeited | |
| (7,401,100 | ) | |
| (5.24 | ) | |
| - | | |
| - | |
| Outstanding, December 31, 2025 | |
| 31,838,322 | | |
$ | 6.81 | | |
| 2.12 | | |
$ | 7,382,321 | |
| | |
| | | |
| | | |
| | | |
| | |
| Exercisable, December 31, 2025 | |
| 10,991,168 | | |
$ | 4.56 | | |
| 2.51 | | |
$ | 3,689,773 | |
| | |
| | | |
| | | |
| | | |
| | |
| Outstanding, January 1, 2024 | |
| 35,807,476 | | |
$ | 7.33 | | |
| - | | |
| - | |
| Exercised | |
| 135,000 | | |
$ | 0.10 | | |
| - | | |
$ | - | |
| Granted | |
| 3,673,500 | | |
| 1.17 | | |
| - | | |
| - | |
| Forfeited | |
| (6,851,084 | ) | |
| 4.25 | | |
| - | | |
| 6,112,000 | |
| Outstanding, December 31, 2024 | |
| 32,493,392 | | |
$ | 7.31 | | |
| 2.45 | | |
$ | 1,727,080 | |
| | |
| | | |
| | | |
| | | |
| | |
| Exercisable, December 31, 2024 | |
| 10,977,431 | | |
$ | 4.40 | | |
| 2.25 | | |
$ | 1,409,651 | |
|
| SCHEDULE OF BLACK SCHOLES PRICING MODEL |
The
following table summarizes the range of the Black Scholes pricing model assumptions used by the Company during 2025 and 2024.
SCHEDULE
OF BLACK SCHOLES PRICING MODEL
| | |
December 31, 2025 | | |
December 31, 2024 | |
| | |
Range | |
| | |
| | |
| |
| Stock price | |
| 1.11 - 2.42 | | |
| 4.4 | |
| Exercise price | |
| 0 - 14 | | |
| 0 - 14 | |
| Expected life (in years) | |
| 2.50- 3.47 yrs. | | |
| 2.50- 4.00 yrs. | |
| Volatility | |
| 101 – 110% | | |
| 36.7 – 96.5% | |
| Risk-fee interest rate | |
| 3.56 - 4.02% | | |
| 3.50 - 4.62% | |
| Dividend yield | |
| - | | |
| - | |
|
| SCHEDULE OF WARRANT ACTIVITY |
The
following is a summary of the Company’s warrant activity during 2025 and 2024:
SCHEDULE
OF WARRANT ACTIVITY
| | |
Number of Warrants | | |
Weighted Average
Exercise Price | |
| | |
| | |
| |
| Balance, January 1, 2025 | |
| 1,523,667 | | |
$ | 4.30 | |
| Issued | |
| 64,750 | | |
| 1.2 | |
| Exercised | |
| - | | |
| - | |
| Forfeited | |
| - | | |
| - | |
| Balance, December 31, 2025 | |
| 1,588,417 | | |
$ | 4.19 | |
| | |
| | | |
| | |
| Balance, January 1, 2024 | |
| 2,063,522 | | |
$ | 5.76 | |
| Issued | |
| — | | |
| — | |
| Exercised | |
| — | | |
| — | |
| Forfeited | |
| (539,885 | ) | |
| 9.8 | |
| Balance, December 31, 2024 | |
| 1,523,667 | | |
$ | 4.30 | |
|
| SCHEDULE OF NON-VESTED RESTRICTED STOCK |
A
summary of the Company’s non-vested restricted stock units during 2025 and 2024 are as follows.
SCHEDULE
OF NON-VESTED RESTRICTED STOCK
| | |
| | |
Weighted | |
| | |
| | |
Average Grant | |
| | |
Shares | | |
Due Fair Value | |
| Non-vested restricted stock units, January 1, 2025 | |
| 6,278,370 | | |
$ | 2.65 | |
| Granted | |
| 6,537,012 | | |
| 1.39 | |
| Vested | |
| (6,655,463 | ) | |
| 1.60 | |
| Forfeited | |
| (1,171,102 | ) | |
| 5.36 | |
| Non-vested restricted stock units, December 31, 2025 | |
| 4,988,817 | | |
$ | 1.76 | |
| | |
| | | |
| | |
| Non-vested restricted stock units, January 1, 2024 | |
| 4,935,822 | | |
$ | 7.99 | |
| Granted | |
| 6,168,980 | | |
| 1.12 | |
| Vested | |
| (4,513,527 | ) | |
| 2.27 | |
| Forfeited | |
| (312,905 | ) | |
| 2.58 | |
| Non-vested restricted stock units on December 31, 2024 | |
| 6,278,370 | | |
$ | 2.65 | |
|