SHARE BASED COMPENSATION (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| SUMMARY OF STOCK OPTIONS ACTIVITY |
A
summary of nonstatutory stock option activity during the year ended December 31, 2025 is included below.
SUMMARY OF STOCK
OPTIONS ACTIVITY
| | |
Number
of Awards | | |
Weighted-
Average Exercise
Price | | |
Weighted-
Average
Remaining Contractual
Term (in years) | | |
Aggregate Intrinsic
Value | |
| Outstanding at January 1,
2025 | |
| - | | |
| - | | |
| - | | |
| - | |
| Granted | |
| 1,275,000 | | |
$ | 4.00 | | |
| 10 | | |
| - | |
| Exercised | |
| - | | |
| - | | |
| - | | |
| - | |
| Forfeited | |
| - | | |
| - | | |
| - | | |
| - | |
| Outstanding
at March 31, 2025 | |
| 1,275,000 | | |
$ | 4.00 | | |
| 9.86 | | |
$ | 624,750 | |
| Granted | |
| - | | |
| - | | |
| - | | |
| - | |
| Exercised | |
| - | | |
| - | | |
| - | | |
| - | |
| Forfeited | |
| (87,500 | ) | |
$ | 4.00 | | |
| - | | |
| - | |
| Outstanding
at June 30, 2025 | |
| 1,187,500 | | |
$ | 4.00 | | |
| 9.61 | | |
$ | 1,341,875 | |
| Granted | |
| - | | |
| - | | |
| - | | |
| - | |
| Exercised | |
| - | | |
| - | | |
| - | | |
| - | |
| Forfeited | |
| - | | |
| - | | |
| - | | |
| - | |
| Outstanding
at September 30, 2025 | |
| 1,187,500 | | |
$ | 4.00 | | |
| 9.36 | | |
$ | 1,045,000 | |
| Granted | |
| - | | |
| - | | |
| - | | |
| - | |
| Exercised | |
| - | | |
| - | | |
| - | | |
| - | |
| Forfeited | |
| - | | |
| - | | |
| - | | |
| - | |
| Outstanding
at December 31, 2025 | |
| 1,187,500 | | |
$ | 4.00 | | |
| 9.11 | | |
$ | - | |
| Outstanding
and Exercisable | |
| 468,750 | | |
$ | 4.00 | | |
| 9.11 | | |
$ | - | |
|
| SUMMARY OF FAIR VALUE OF EACH MARKET BASED AWARDS GRANTED |
The
fair value of each option granted was estimated on the date of grant using the Black-Scholes-Merton option-pricing model with the following
assumptions:
SUMMARY
OF FAIR VALUE OF OPTIONS
| | |
December
31, 2025 | |
| Expected
life (in years) | |
| 5
- 10 years | |
| Expected
stock price volatility | |
| 50
- 56 | % |
| Risk-free
interest rate | |
| 4.18%
- 4.36 | % |
| Dividend
rate | |
| 0 | % |
|
| SCHEDULE OF RESTRICTED STOCK UNITS ARE EXPECTED TO VEST |
SUMMARY OF RESTRICTED STOCK AWARDS
| | |
Performance-Based | | |
Market-Based | |
| | |
Number
of Awards | | |
Weighted-
Average Grant Date
Fair Value | | |
Number
of Awards | | |
Weighted-
Average Grant Date
Fair Value | |
| Outstanding at January 1, 2025 | |
- | | |
- | | |
- | | |
- | |
| Granted | |
| 225,000 | | |
$ | 4.00 | | |
| 250,000 | | |
$ | 0.04 | |
| Change
in units based on performance | |
| - | | |
| - | | |
| - | | |
| - | |
| Forfeited | |
| - | | |
| - | | |
| - | | |
| - | |
| Outstanding
at March 31, 2025 | |
| 225,000 | | |
$ | 4.00 | | |
| 250,000 | | |
$ | 0.04 | |
| Granted | |
| - | | |
| - | | |
| - | | |
| - | |
| Change
in units based on performance | |
| - | | |
| - | | |
| - | | |
| - | |
| Forfeited | |
| - | | |
| - | | |
| - | | |
| - | |
| Outstanding
at June 30, 2025 | |
| 225,000 | | |
$ | 4.00 | | |
| 250,000 | | |
$ | 0.04 | |
| Granted | |
| - | | |
| - | | |
| - | | |
| - | |
| Change
in units based on performance | |
| - | | |
| - | | |
| - | | |
| - | |
| Forfeited | |
| - | | |
| - | | |
| - | | |
| - | |
| Outstanding
at September 30, 2025 | |
| 225,000 | | |
$ | 4.00 | | |
| 250,000 | | |
$ | 0.04 | |
| Granted | |
| - | | |
| - | | |
| - | | |
| - | |
| Change
in units based on performance | |
| - | | |
| - | | |
| - | | |
| - | |
| Forfeited | |
| - | | |
| - | | |
| - | | |
| - | |
| Outstanding
at December 31, 2025 | |
| 225,000 | | |
$ | 4.00 | | |
| 250,000 | | |
$ | 0.04 | |
|
| SUMMARY OF FAIR VALUE OF STOCK WARRANTS |
The
grant date fair value of the Company’s stock warrants was $2.00, which was calculated using the Black-Scholes Merton option-pricing
model with the following assumptions:
SUMMARY
OF FAIR VALUE OF STOCK WARRANTS
| | |
December
31, 2025 | |
| Expected
life (in years) | |
| 5
years | |
| Expected
stock price volatility | |
| 56.83 | % |
| Risk-free
interest rate | |
| 14.18%-
4.36 | % |
| Dividend
rate | |
| 0 | % |
|
| Restricted Stock Units (RSUs) [Member] |
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| SCHEDULE OF RESTRICTED STOCK UNITS ARE EXPECTED TO VEST |
SCHEDULE OF RESTRICTED STOCK UNITS ARE EXPECTED TO VEST
| | |
December
31, 2025 | |
| | |
Number
of Awards | | |
Weighted
Average Grant Date Fair Value | |
| Beginning
balance | |
| - | | |
$ | - | |
| Issued
RSUs during the period | |
| 75,000 | | |
| 4.11 | |
| Vested
RSUs during the period | |
| (75,000 | ) | |
| 4.11 | |
| Remaining
unvested RSUs | |
| 0 | | |
| - | |
|
| Valuation Technique, Monte Carlo Pricing Model [Member] |
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| SUMMARY OF FAIR VALUE OF EACH MARKET BASED AWARDS GRANTED |
The
fair value of each market-based awards granted was estimated on the date of grant using a Monte Carlo pricing model with the following
assumptions:
SUMMARY
OF FAIR VALUE OF EACH MARKET BASED AWARDS GRANTED
| | |
December
31, 2025 | |
| Derived
service period (years) | |
| 1.44
– 1.48 | |
| Dividend
rate | |
| - | % |
| Risk-free
interest rate | |
| 4.08 | % |
| Expected
stock price volatility | |
| 41.56 | % |
|