v3.26.1
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2025
Summary of Restricted Share Activity

The following is a summary of the restricted share activity during the year ended December 21, 2025 and 2024:

 

 

 

December 31, 2025

 

 

December 31, 2024

 

 

 

Number of

 

 

Weighted Average

 

 

Number of

 

 

Weighted Average

 

 

 

Restricted Shares

 

 

Award Price

 

 

Restricted Shares

 

 

Award Price

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted Shares outstanding at beginning of the year

 

 

-

 

 

$

-

 

 

 

86,667

 

 

$

4.51

 

Vested

 

 

-

 

 

 

-

 

 

 

(86,667

)

 

 

4.51

 

Restricted Shares outstanding at end of period

 

 

-

 

 

$

-

 

 

 

-

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Stock Warrants

The following is a summary of the stock warrant plan activity during the years ended December 31, 2025 and 2024:

 

 

2025

 

 

2024

 

 

 

Number of Warrants

 

 

Weighted Average Exercise Price

 

 

Number of Warrants

 

 

Weighted Average Exercise Price

 

Warrants outstanding at beginning of the year

 

 

4,747,547

 

 

$

2.93

 

 

 

1,274,807

 

 

$

30.04

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Issued

 

 

40,224,448

 

 

 

0.45

 

 

 

5,799,295

 

 

 

2.66

 

Repurchased

 

 

(8,220,274

)

 

 

0.48

 

 

 

-

 

 

 

-

 

Exercised

 

 

(33,333

)

 

 

2.88

 

 

 

(2,326,555

)

 

 

2.22

 

Expired

 

 

(87,699

)

 

 

2.88

 

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Warrants outstanding and exercisable at end of the year

 

 

36,630,689

 

 

$

0.48

 

 

 

4,747,547

 

 

$

2.93

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Stock Option Plan Activity

The following is a summary of the stock option plan activity during the years ended December 31, 2025 and 2024:

 

 

 

2025

 

 

2024

 

 

 

Number of

 

 

Weighted Average

 

 

Number of

 

 

Weighted Average

 

 

 

Options

 

 

Exercise Price

 

 

Options

 

 

Exercise Price

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding at beginning of the year

 

 

593,378

 

 

$

9.06

 

 

 

599,597

 

 

$

9.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

1,186,820

 

 

 

1.21

 

 

 

-

 

 

 

-

 

Forfeited

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

(6,219

)

 

 

4.02

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding at end of the period

 

 

1,780,198

 

 

$

3.83

 

 

 

593,378

 

 

$

9.06

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options exercisable at end of the period

 

 

593,378

 

 

$

9.06

 

 

 

386,169

 

 

$

11.51