STOCKHOLDERS’ EQUITY (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
| Equity [Abstract] |
|
| SCHEDULE OF RSU ACTIVITY |
A
summary of the RSU activity during the year ended December 31, 2025 is presented below:
SCHEDULE OF RSU ACTIVITY
| | |
| | |
Weighted | | |
Weighted | |
| | |
| | |
Average | | |
Average | |
| | |
Number
of | | |
Grant
Date | | |
Grant
Date | |
| | |
Shares | | |
Fair
Value Per Share | | |
Fair
Value | |
| Unvested,
January 1, 2025 | |
| 1,160,667 | | |
$ | 3.32 | | |
| 3,850 | |
| Granted | |
| 1,713,160 | | |
| 1.25 | | |
| 2,136 | |
| Vested | |
| (1,074,742 | ) | |
| 2.74 | | |
| (2,940 | ) |
| Cancelled/forfeited/expired | |
| (324,642 | ) | |
| 2.32 | | |
| (755 | ) |
| Unvested,
December 31, 2025 | |
| 1,474,443 | | |
$ | 1.57 | | |
$ | 2,291 | |
|
| SUMMARY OF BLACK-SCHOLES OPTION PRICING MODEL TO STOCK OPTIONS GRANTED ASSUMPTION |
In
applying the Black-Scholes option pricing model to options granted, the Company used the following assumptions:
SUMMARY OF BLACK-SCHOLES OPTION PRICING MODEL TO STOCK OPTIONS GRANTED ASSUMPTION
| | |
For
the Years Ended | |
| | |
December
31, | |
| | |
2025 | | |
2024 | | |
2023 | |
| | |
| | |
| | |
| |
| Risk
free interest rate | |
| 4.12 | % | |
| 3.60%-4.64 | % | |
| 3.00%-4.14 | % |
| Expected
term (years) | |
| 8.00 | | |
| 6.00 | | |
| 5.00 | |
| Expected
volatility | |
| 81 | % | |
| 110.3%-125.9 | % | |
| 115.9%-117.3 | % |
| Expected
dividends | |
| 0.00 | % | |
| 0.00 | % | |
| 0.00 | % |
|
| SUMMARY OF OPTIONS ACTIVITY |
A
summary of the option activity during the year ended December 31, 2025 is presented below:
SUMMARY OF OPTIONS ACTIVITY
| | |
| | |
| | |
Weighted | | |
| |
| | |
| | |
Weighted | | |
Average | | |
| |
| | |
| | |
Average | | |
Remaining | | |
Aggregate | |
| | |
Number
of | | |
Exercise | | |
Life | | |
Intrinsic | |
| | |
Shares | | |
Price | | |
In
Years | | |
Value | |
| Outstanding,
January 1, 2025 | |
| 986,165 | | |
$ | 26.27 | | |
| | | |
| | |
| Granted | |
| 100,257 | | |
| 2.55 | | |
| | | |
| | |
| Cancelled/forfeited/expired | |
| (589,822 | ) | |
| 33.03 | | |
| | | |
| | |
| Outstanding,
December 31, 2025 | |
| 496,600 | | |
$ | 13.43 | | |
| 3.3 | | |
$ | - | |
| | |
| | | |
| | | |
| | | |
| | |
| Exercisable,
December 31, 2025 | |
| 415,853 | | |
$ | 15.60 | | |
| 2.5 | | |
$ | - | |
|
| SCHEDULE OF STOCK OPTIONS |
The
following table presents information related to stock options as of December 31, 2025:
SCHEDULE OF STOCK OPTIONS
| | |
Options
Outstanding | | |
Options
Exercisable | |
| | |
Weighted | | |
| | |
Weighted | | |
| |
| Range
of | |
Average | | |
Outstanding | | |
Average | | |
Exercisable | |
| Exercise | |
Exercise | | |
Number
of | | |
Remaining
Life | | |
Number
of | |
| Price | |
Price | | |
Options | | |
In
Years | | |
Options | |
| $0.97-$9.14 | |
$ | 2.62 | | |
| 302,948 | | |
| 2.2 | | |
| 222,201 | |
| $15.51-$38.45 | |
$ | 28.69 | | |
| 177,748 | | |
| 2.9 | | |
| 177,748 | |
| $40.82-$59.22 | |
$ | 48.86 | | |
| 15,904 | | |
| 1.6 | | |
| 15,904 | |
| | |
| 13.43 | | |
| 496,600 | | |
| 2.5 | | |
| 415,853 | |
|
| SUMMARY OF BLACK-SCHOLES OPTION PRICING MODEL TO WARRANTS GRANTED ASSUMPTION |
In
applying the Black-Scholes option pricing model to warrants granted, the Company used the following assumptions:
SUMMARY OF BLACK-SCHOLES OPTION PRICING MODEL TO WARRANTS GRANTED ASSUMPTION
| | |
For
the Years Ended | |
| | |
December
31, | |
| | |
2025 | | |
2024 | | |
2023 | |
| | |
| | |
| | |
| |
| Risk
free interest rate | |
| 3.68 | % | |
| N/A | | |
| 3.39%-4.03 | % |
| Expected
term (years) | |
| 1.67-3.01 | | |
| N/A | | |
| 5.00 | |
| Expected
volatility | |
| 83.3%-84.9 | % | |
| N/A | | |
| 115.9%-133.4
| % |
| Expected
dividends | |
| 0.00 | % | |
| N/A | | |
| 0.00 | % |
|
| SCHEDULE OF WARRANT ACTIVITY |
The
following table accounts for the Company’s warrant activity for the year ended December 31, 2025:
SCHEDULE OF WARRANT ACTIVITY
| | |
| | |
| | |
Weighted | | |
| |
| | |
| | |
Weighted | | |
Average | | |
| |
| | |
| | |
Average | | |
Remaining | | |
Aggregate | |
| | |
Number
of | | |
Exercise | | |
Life | | |
Intrinsic | |
| | |
Shares | | |
Price | | |
In
Years | | |
Value | |
| Outstanding,
January 1, 2025 | |
| 1,145,914 | | |
$ | 9.69 | | |
| | | |
| | |
| Issued | |
| 5,498,177 | | |
| 0.28 | | |
| | | |
| | |
| Exercised | |
| (653,118 | ) | |
| 0.01 | | |
| | | |
| | |
| Outstanding,
December 31, 2025 | |
| 5,990,973 | | |
$ | 2.11 | | |
| 1.9 | | |
$ | 2,132,004 | |
| | |
| | | |
| | | |
| | | |
| | |
| Exercisable,
December 31, 2025 | |
| 3,563,384 | | |
$ | 2.11 | | |
| 2.3 | | |
$ | 2,132,004 | |
|
| SCHEDULE OF STOCK WARRANTS |
The
following table presents information related to stock warrants as of December 31, 2025:
SCHEDULE OF STOCK WARRANTS
| | |
Warrants
Outstanding | | |
Warrants
Exercisable | |
| | |
Weighted | | |
| | |
Weighted | | |
| |
| Range
of | |
Average | | |
Outstanding | | |
Average | | |
Exercisable | |
| Exercise | |
Exercise | | |
Number
of | | |
Remaining
Life | | |
Number
of | |
| Price | |
Price | | |
Warrants | | |
In
Years | | |
Warrants | |
| | |
| | | |
| | | |
| | | |
| | |
| $0.01 | |
$ | 0.01 | | |
| 3,245,059 | | |
| 1.3 | | |
| 817,470 | |
| $0.9375 | |
$ | 0.9375 | | |
| 1,600,000 | | |
| 3.0 | | |
| 1,600,000 | |
| $8.82-$11.56 | |
$ | 9.69 | | |
| 1,145,914 | | |
| 2.2 | | |
| 1,145,914 | |
| | |
| | | |
| 5,990,973 | | |
| 2.3 | | |
| 3,563,384 | |
|