v3.26.1
SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
SCHEDULE OF STOCK OPTION ACTIVITY

A summary of the stock option activity for the years ended December 31, 2025 and 2024 is as follows (option amounts not in thousands):

 

   Number of Options   Weighted- Average
Exercise Price
  

Weighted- Average

Remaining

Contractual Term

  

Aggregate

Intrinsic

Value

 
                 
Outstanding at December 31, 2024 and 2023   846,250   $4.63    3.7 years   $- 
Exercisable at December 31, 2024   846,250   $4.63    3.7 years   $- 
                     
Outstanding at January 1, 2025   846,250   $4.63    

3.7 years

   $- 
Granted during the year   

75,000

   $2.5    

9.50 years

    

-

 
Forfeited during the year   (180,000)  $6.00    -    - 
Exercised during the year   (290,000)  $2.00    -    - 
Outstanding at December 31, 2025   451,250   $5.42    5.06 years   $- 
Exercisable at December 31, 2025   385,625   $5.92    4.30 years   $- 
SCHEDULE OF FAIR VALUE ESTIMATED AND BLACK SCHOLES OPTION PRICING

  2025  
       
Expected dividend yield     0 %
Expected volatility     90 %
Risk-free interest rate     4.17 %
Expected life (in years)     7  
Per share grant date fair value of options issued   $ 1.65  
SCHEDULE OF ACTIVITY OF UNVESTED RESTRICTED STOCK AWARDS

Information with respect to the activity of unvested restricted stock awards during the year ended December 31, 2025 and 2024 is as follows (share amounts not in thousands):

   Weighted- Number of Restricted Stock Awards   Weighted- Average Grant Date Fair Value 
         
Nonvested at January 1, 2024   46,073      
Granted   136,427   $2.37 
Vested   (143,785)  $2.37 
Nonvested at December 31, 2024   38,715      
Granted   

126,162

  

$

2.25 
Forfeited   (12,000)  $2.25 
Vested   (134,296)  $1.07 
Nonvested at December 31, 2025   18,581