v3.26.1
Stock Options (Tables)
12 Months Ended
Dec. 31, 2025
Stock Options [Abstract]  
Schedule of Stock Option Activity

Stock option activity for the years ended December 31, 2025, and 2024 was as follows:

 

   Number of
Options
   Weighted average
exercise price
per share
   Weighted average
remaining
contractual term
(years)
   Aggregate
intrinsic value
(in thousands)
 
                 
Outstanding, January 1, 2024   99,000   $32.38    8.55               
Granted   104,433   $8.13    9.16      
Expired/Cancelled   (21,399)  $9.43    -      
Outstanding, December 31, 2024   182,034   $21.17    8.98   $
-
 
                     
Exercisable, December 31, 2024   106,536   $29.35    8.05      
                     
Outstanding, January 1, 2025   182,034   $21.17    8.98      
Granted   1,534,525   $0.72    9.81   $
-
 
Expired/Cancelled   (30,716)  $9.30    -      
Outstanding, December 31, 2025   1,685,843   $9.60    7.68   $882,352 
                     
Exercisable, December 31, 2025   117,566   $28.01    7.22      
Schedule of Weighted Average Assumptions The following weighted-average assumptions were used in the Black-Scholes calculations:
   Year ended December 31, 
   2025   2024 
Expected volatility   105.36%   88.41%
Expected term   5.0    6.5 
Weighted-average risk-free interest rate   3.61%   4.2%
Weighted average fair value of underlying interest  $0.72   $8.13 
Expected dividends   
-
    
-