| Schedule of Stock Option Activity |
A
summary of activity for the year ended December 31, 2025 and 2024 is presented below:
Schedule of Stock Option
Activity
| | |
Number
of Options | | |
Weighted
Average Exercise Price | | |
Weighted
Average Contractual Term (Years) | | |
Aggregate
Intrinsic Value | |
| Outstanding
as of December 31, 2023 | |
| 10,336,883 | | |
$ | 1.00 | | |
| 6.9 | | |
$ | 3,316,119 | |
| Granted | |
| 297,105 | | |
| 1.33 | | |
| | | |
| | |
| Exercised | |
| - | | |
| - | | |
| | | |
| | |
| Forfeited | |
| - | | |
| - | | |
| | | |
| | |
| Outstanding
as of December 31, 2024 | |
| 10,633,988 | | |
$ | 1.02 | | |
| 6.3 | | |
$ | 102,921,147 | |
| Granted | |
| 1,092,105 | | |
| 1.16 | | |
| | | |
| | |
| Exercised | |
| - | | |
| - | | |
| | | |
| | |
| Forfeited | |
| - | | |
| - | | |
| | | |
| | |
| Outstanding
as of December 31, 2025 | |
| 11,726,093 | | |
$ | 1.02 | | |
| 5.4 | | |
$ | 1,772,167 | |
| Exercisable
as of December 31, 2025 | |
| 10,874,222 | | |
$ | 1.03 | | |
| 5.1 | | |
$ | 1,765,237 | |
| Exercisable
as of December 31, 2024 | |
| 10,297,412 | | |
$ | 1.01 | | |
| 6.18 | | |
$ | 99,768,543 | |
|
| Schedule of Employee Stock Options Outstanding |
The
following table summarized information about employee stock options outstanding as of December 31, 2025 and 2024:
Schedule of Employee
Stock Options Outstanding
| | | |
Outstanding Options | | |
Vested Options | |
| Exercise Price | | |
Number Outstanding at December 31, 2025 | | |
Weighted Average Remaining Life | | |
Number Exercisable at December 31, 2025 | | |
Weighted Average Remaining Life | |
| $ | 0.01 | | |
| 675,000 | | |
| 0.25 | | |
| 675,000 | | |
| 0.25 | |
| $ | 0.74 | | |
| 1,657,560 | | |
| 3.07 | | |
| 1,657,560 | | |
| 3.07 | |
| $ | 0.80 | | |
| 2,783,243 | | |
| 3.29 | | |
| 2,783,243 | | |
| 3.29 | |
| $ | 0.97 | | |
| 250,000 | | |
| 9.42 | | |
| 111,412 | | |
| 9.42 | |
| $ | 1.19 | | |
| 357,448 | | |
| 9.51 | | |
| - | | |
| - | |
| $ | 1.23 | | |
| 484,657 | | |
| 9.68 | | |
| 128,822 | | |
| 9.68 | |
| $ | 1.33 | | |
| 5,461,935 | | |
| 7.08 | | |
| 5,461,935 | | |
| 7.08 | |
| $ | 2.16 | | |
| 56,250 | | |
| 5.46 | | |
| 56,250 | | |
| 5.06 | |
| | | | |
| 11,726,093 | | |
| 5.43 | | |
| 10,874,222 | | |
| 5.10 | |
| | | |
Outstanding Options | | |
Vested Options | |
| Exercise Price | | |
Number Outstanding at December 31, 2024 | | |
Weighted Average Remaining Life | | |
Number Exercisable at December 31, 2024 | | |
Weighted Average Remaining Life | |
| $ | 0.01 | | |
| 675,000 | | |
| 1.25 | | |
| 675,000 | | |
| 1.25 | |
| $ | 0.74 | | |
| 1,657,560 | | |
| 4.32 | | |
| 1,657,562 | | |
| 4.32 | |
| $ | 0.8 | | |
| 2,783,243 | | |
| 4.54 | | |
| 2,783,238 | | |
| 4.54 | |
| $ | 1.33 | | |
| 5,461,935 | | |
| 8.33 | | |
| 5,125,362 | | |
| 8.31 | |
| $ | 2.16 | | |
| 56,250 | | |
| 6.71 | | |
| 56,250 | | |
| 6.71 | |
| | | | |
| 10,633,988 | | |
| 6.25 | | |
| 10,297,412 | | |
| 6.15 | |
|
| Schedule of Warrant Activity |
The
following is a summary of the Company’s warrant activity for the year ended December 31, 2025 and 2024:
Schedule of Warrant Activity
| | |
Number
of Shares | | |
Weighted
Average Exercise Price per Share | | |
Weighted
Average Remaining Life (Years) | |
| Outstanding
as of December 31, 2024 | |
| 1,359,375 | | |
| 0.80 | | |
| 0.93 | |
| Granted | |
| - | | |
| - | | |
| - | |
| Exercised | |
| (1,359,375 | ) | |
| 0.80 | | |
| - | |
| Forfeited | |
| - | | |
| - | | |
| - | |
| Outstanding
as of December 31, 2025 | |
| - | | |
$ | - | | |
| - | |
|