v3.26.1
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:

 

       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:

 

   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:

 

           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:

 

   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:

  

   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:

 

           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:

 

   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