v3.26.1
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2025
Stockholders' Equity [Abstract]  
Schedule of Warrant Activity

A summary of the Company’s non-qualified stock option activity is as follows:

 

   Total
Options
   Weighted
Average
Exercise Price Per
Share
   Total Weighted
Average
Remaining
Contractual Life
 
Options outstanding, December 31, 2023   2,394,415   $1.48    8.14 
Granted   765,000    2.55    - 
Exercised   
-
    
-
    - 
Forfeited   (179,555)   1.50    - 
Expired   
-
    
-
    - 
Options outstanding, December 31, 2024   2,979,860   $1.72    7.78 
Granted   
-
    
-
    - 
Exercised   
-
    
-
    - 
Forfeited   (10,000)   2.55    - 
Expired   
-
    
-
    - 
Options outstanding, December 31, 2025   2,969,860   $1.72    6.77 
Options exercisable, December 31, 2025   2,585,902   $1.63    6.58 
Schedule of Compensation Expense Stock Option Awards

The Company recognizes compensation expense for stock option awards on a straight-line basis over the applicable service period of the award. The service period is generally the vesting period. The following assumptions were used to calculate share-based compensation expense for years ended December 31, 2025 and 2024:

 

   2025 
Exercise price  $2.55 
Share price  $4.81 
Volatility   79.5% - 80.1 
Risk-free interest rate   3.6% - 5.48 
Dividend yield   0.0 
Expected term   5.0 to 6.1 years 
Schedule of Warrant Activity A summary of the Company’s warrant activity is as follows:
   Warrants   Weighted
Average
Exercise Price Per
Share
   Total Weighted
Average
Remaining
Contractual Life
 
Warrants outstanding, December 31, 2023   47,093   $1.56    2.70 
Granted   
-
    
-
    - 
Exercised   -    -    - 
Forfeited/Expired   (31,997)   0.01    - 
Warrants outstanding, December 31, 2024   15,096   $4.84    6.02 
Granted   64,669    8.01    1.62 
Exercised   -    -    - 
Forfeited/Expired   (14,799)   4.84    - 
Warrants outstanding, December 31, 2025   64,966    7.99    1.51 
Warrants exercisable, December 31, 2025   64,966   $7.99    1.51 
Schedule of Warrant Values

The following assumptions were used to calculate the warrant values:

 

   2025 
Exercise price   $8.00 - $8.16 
Share price  $11.42 
Volatility   72.6% - 77.7 
Risk-free interest rate   3.69% - 3.90% 
Dividend yield   0.0 
Expected term   1.4 to 5.0 years