v3.26.1
STOCKHOLDERS’ EQUITY (Tables)
12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
SCHEDULE OF SHARE CAPITAL

The Company had the following common share transactions during the year ended December 31, 2025:

 

   No. of shares   Amount 
Shares issued for conversion of convertible debt   2,784,169   $16,186,143 
Shares issued for cash at the market, net of issuance costs   494,390    1,447,737 
Shares issued in the offering, net of issuance costs   87,699,328    198,449,318 
Shares issued for compensation, vested   804,445    1,795,671 
Shares issued for consulting services, vested   935,641    228,969 
Shares issued on exercise of warrants   231,920    403,061 
Repurchases of shares   (183,346)   (257,964)
Total common shares issued   92,766,547   $218,252,935 

 

The Company had the following common share transactions during the year ended December 31, 2024:

 

   No. of shares   Amount 
Shares issued for conversion of convertible debt   99,443   $11,469,407 
Shares issued for cash   59,651    2,775,616 
Shares issued for compensation   950    115,639 
Shares issued for consulting services   158    27,624 
Shares issued for business combination   5,556    295,000 
Shares issued on conversion of vested pre-funded warrants   7    530,429 
Total common shares issued   165,765   $15,213,715 
SCHEDULE OF OUTSTANDING WARRANTS

The Company’s outstanding warrants as of December 31, 2025, were:

 

   No. of warrants   Weighted average
exercise price
   Expiration Date
       $     
Outstanding, December 31, 2023   3,197    2,314.07     
Granted February 21, 2024   3,712    10.00 (a), (b)  August 21, 2027
Granted April 11, 2024   2,437    10.00 (a), (b)  October 11, 2027
Granted May 22, 2024   6,016    11.00 (a), (b)  November 22, 2027
Expired July 16, 2024   (72)   30,000.00     
Outstanding, December 31, 2024   15,291    351.57     
Granted January 16, 2025   212,256    25.94    July 16, 2028
Granted March 21, 2025   47,906    17.91    September 21, 2028
Granted May 21, 2025   4,889    17.91    November 21, 2028
Granted July 21, 2025   80,354    6.74    January 21, 2029
Granted September 25, 2025   148,340    2.65    September 25, 2029
Granted October 24, 2025   2,076,763    2.41    April 24, 2029
Exercised   (260,797)   2.36     
Expired   (170)   115,372.69     
Outstanding, December 31, 2025   2,324,832    2.36     

 

  (a) The issuance of the Seventh Tranche Debenture on May 22, 2024 triggered the down-round provision, adjusting the exercise prices of the Debenture Warrants to $10.00 (Note 10).
     
  (b) On January 16, 2025, institutional investors purchased $7,700,000 of convertible debt and warrants were issued with an exercise price of $2.62 per share. The issuance of the additional tranche triggered the round down provision, adjusting the exercise price of the First, Second, Third, Fourth, Fifth, Sixth, and Seventh Tranche Debentures and First, Second, Third, Fourth, Fifth, Sixth, and Seventh Tranche Warrants to $2.62.
SCHEDULE OF BASIC AND DILUTED NET LOSS PER SHARE

The following table sets forth the computation of basic and diluted net loss per share:

 

   December 31, 2025   December 31, 2024 
Basic net loss per share:          
Numerator          
Net loss from continuing operations  $(31,994,535)  $(15,871,753)
Net loss from discontinued operations  $(1,200,671)  $(403,062)
Net loss  $(33,195,206)  $(16,274,815)
Denominator          
Basic weighted-average common shares outstanding   16,390,876    79,292 
Basic net loss per share for continuing operations  $(1.95)  $(200.17)
Basic net loss per share for discontinued operations  $(0.07)  $(5.08)
Basic net loss per share, total  $(2.03)  $(205.25)
           
Diluted net loss per share:          
Numerator          
Net loss from continuing operations  $(31,994,535)  $(15,871,753)
Net loss from discontinued operations  $(1,200,671)  $(403,062)
Net loss  $(33,195,206)  $(16,274,815)
Change in fair value of convertible debenture warrants  $(2,560,523)  $(1,890,135)
Diluted net loss  $(35,755,729)  $(18,164,950)
Denominator          
Number of shares used in basic net loss per share computation   16,390,876    79,292 
Weighted-average effect of potentially dilutive securities:          
Convertible warrants   255,649    11,757 
Diluted weighted-average common shares outstanding   16,646,525    91,049 
Diluted net loss per share for continuing operations  $(2.08)  $(195.08)
Diluted net loss per share for discontinued operations  $(0.07)  $(4.43)
Diluted net loss per share, total  $(2.15)  $(199.51)
SCHEDULE OF ANTI-DILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF EARNINGS PER SHARE

Potentially dilutive securities that are not included in the calculation of diluted net loss per share because their effect is anti-dilutive are as follows (in common equivalent shares):

 

   December 31, 2025   December 31, 2024 
Warrants   2,324,832    15,291 
Options   -    61 
Convertible debentures   3,909,958    650,726 
Total anti-dilutive weighted average shares   6,234,790    666,078