v3.26.1
STOCK OPTIONS (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
SCHEDULE OF STOCK OPTION TRANSACTIONS

Stock option transactions during the year ended December 31, 2025 were as follows:

SCHEDULE OF STOCK OPTION TRANSACTIONS

   Shares   Weighted-
Average
Exercise
Price
   Weighted Average
Remaining
Contractual
Term
(in years)
   Aggregate
Intrinsic Value
(in millions)
 
                 
Outstanding at December 31, 2024   966,072   $102.75    9.0   $1.0 
Options Granted   450,000    4.50           
Options Exercised   -    -           
Repriced legacy options (modification)   (700,000)   140.00           
Reissued legacy options (repriced)   700,000    4.50    8.3      
Options Forfeited or Cancelled   (1,786)   14.70           
Options Expired   -    -           
Outstanding and Vested or Expected to Vest at December 31, 2025   1,414,286    4.53    8.5    8.5 
Options Exercisable at December 31, 2025   533,571    4.58    8.1   $3.2 
SCHEDULE OF FAIR VALUE OF VALUATION ASSUMPTIONS

The fair value of options granted was estimated using the Black-Scholes valuation model using the following assumptions for the years ended December 31, 2025 and 2024, respectively:

 

SCHEDULE OF FAIR VALUE OF VALUATION ASSUMPTIONS

   Year ended December 31, 
   2025   2024 
Expected volatility   105%   99%
Expected dividend yield   %   %
Expected term (in years)   4.3-6.2    5.8-6.1 
Risk-free interest rate   3.8%   4.0% - 4.7%