| Schedule of Option Activity |
The following table summarizes option activity
for the years ended December 31, 2025 and 2024:
| |
|
Options |
|
|
Weighted-Average Exercise Price per Share
(USD) |
|
|
Weighted-Average Remaining Contractual Term
(Years) |
|
|
Aggregate Intrinsic Value (USD) |
|
| Outstanding at January 1, 2024 |
|
|
1,763,402 |
|
|
$ |
2.86 |
|
|
|
5.58 |
|
|
$ |
2,000,000 |
|
| Granted |
|
|
220,150 |
|
|
|
4.59 |
|
|
|
- |
|
|
|
- |
|
| Exercised |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Cancelled/expired |
|
|
(304,498 |
) |
|
|
7.32 |
|
|
|
- |
|
|
|
- |
|
| Outstanding at December 31, 2024 |
|
|
1,679,054 |
|
|
$ |
2.28 |
|
|
|
4.60 |
|
|
$ |
3,876,925 |
|
| Exercisable at December 31, 2024 |
|
|
1,576,952 |
|
|
$ |
2.43 |
|
|
|
4.60 |
|
|
$ |
3,876,925 |
|
| Granted |
|
|
303,160 |
|
|
|
8.87 |
|
|
|
- |
|
|
|
- |
|
| Exercised |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Cancelled/expired |
|
|
(40,030 |
) |
|
|
4.59 |
|
|
|
- |
|
|
|
- |
|
| Outstanding at December 31, 2025 |
|
|
1,942,184 |
|
|
$ |
3.26 |
|
|
|
4.42 |
|
|
$ |
8,075,661 |
|
| Exercisable at December 31, 2025 |
|
|
1,619,969 |
|
|
$ |
3.91 |
|
|
|
4.42 |
|
|
$ |
8,075,661 |
|
|
| Schedule of RSU Activity |
The following table summarizes RSU activity during
the years ended December 31, 2025 and 2024:
| |
|
Number of Shares |
|
|
Weighted-Average
Grant-Date
Fair Value
Per Share |
|
| Unvested restricted stock units as of January 1, 2024 |
|
|
- |
|
|
$ |
- |
|
| Granted |
|
|
- |
|
|
|
- |
|
| Vested |
|
|
- |
|
|
|
- |
|
| Forfeited |
|
|
- |
|
|
|
- |
|
| Unvested restricted stock units as of December 31, 2024 |
|
|
- |
|
|
$ |
- |
|
| Granted |
|
|
40,000 |
|
|
|
10.00 |
|
| Vested |
|
|
- |
|
|
|
- |
|
| Forfeited |
|
|
- |
|
|
|
- |
|
| Unvested restricted stock units as of December 31, 2025 |
|
|
40,000 |
|
|
$ |
10.00 |
|
|