Stockholders’ Deficit (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
| Equity [Abstract] |
|
| Schedule of Stock Based Compensation Expense Recognized for Officer and Director Arrangements |
The
following table summarizes stock-based compensation expense recognized for all officer and director arrangements for the years ended
December 31, 2025 and 2024:
Schedule
of Stock Based Compensation Expense Recognized for Officer and Director Arrangements
| | |
December
31, 2025 | | |
December
31, 2024 | |
| | |
| | |
| |
| Chief Executive Officer | |
$ | - | | |
$ | 3,800,000 | |
| Chief Financial Officer | |
| 479,077 | | |
| 2,148,681 | |
| Board of Directors | |
| 460,913 | | |
| 132,025 | |
| Director of HR and Legal
Services | |
| - | | |
| 672,000 | |
| Total | |
$ | 939,990 | | |
$ | 6,752,706 | |
| Stock based compensation
expense | |
$ | 939,990 | | |
$ | 6,752,706 | |
|
| Schedule of Non-vested Shares Related Parties |
The
following is a summary of the Company’s non-vested shares at December 31, 2025 and 2024.
Schedule
of Non-vested Shares Related Parties
| | |
| | |
Weighted Average | |
| Non-Vested
Shares | |
Number
of Shares | | |
Grant
Date Fair Value | |
| Balance - December 31, 2023 | |
| 695,000 | | |
$ | 5.24 | |
| Granted | |
| 644,640 | | |
| 7.60 | |
| Vested | |
| (1,000,000 | ) | |
| 6.55 | |
| Cancelled/Forfeited | |
| - | | |
| - | |
| Balance - December 31, 2024 | |
$ | 339,640 | | |
| 5.03 | |
| Granted | |
| 150,000 | | |
| 3.16 | |
| Vested | |
| (288,880 | ) | |
| 4.77 | |
| Cancelled/Forfeited | |
| - | | |
| - | |
| Balance - December 31, 2025 | |
| 200,760 | | |
$ | 4.00 | |
| | |
| | | |
| | |
| Unrecognized Compensation | |
$ | 507,262 | | |
| | |
| | |
| | | |
| | |
| Weighted average period (years) | |
| 2.57 | | |
| | |
|
| Schedule of Stock Granted |
The
following is a detail of the common stock granted, which is subject to the vesting provisions noted above at December 31, 2025 and 2024,
respectively.
Schedule
of Stock Granted
| | |
CEO | | |
CFO | | |
Directors | | |
Director of Human
Resources/Legal | | |
Total | |
| Balance - December 31, 2023 | |
| - | | |
| 600,000 | | |
| 95,000 | | |
| - | | |
| 695,000 | |
| Granted | |
| 500,000 | | |
| - | | |
| 44,640 | | |
| 100,000 | | |
| 644,640 | |
| Vested | |
| (500,000 | ) | |
| (400,000 | ) | |
| - | | |
| (100,000 | ) | |
| (1,000,000 | ) |
| Cancelled/Forfeited | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
| Balance - December 31, 2024 | |
| - | | |
| 200,000 | | |
| 139,640 | | |
| - | | |
| 339,640 | |
| Granted | |
| - | | |
| - | | |
| 150,000 | | |
| - | | |
| 150,000 | |
| Vested | |
| - | | |
| (200,000 | ) | |
| (88,880 | )* | |
| - | | |
| (288,880 | ) |
| Cancelled/Forfeited | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
| Balance - December 31, 2025 | |
| - | | |
| - | | |
| 200,760 | | |
| - | | |
| 200,760 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Unrecognized Compensation | |
$ | - | | |
$ | - | | |
$ | 507,262 | | |
$ | - | | |
$ | 507,262 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Weighted average period (years) | |
| - | | |
| - | | |
| 2.57 | | |
| - | | |
| 2.57 | |
|
| Schedule of Stock Option Transactions |
Stock
option transactions for the years ended December 31, 2025 and 2024 are summarized as follows:
Schedule
of Stock Option Transactions
| | |
| | |
| | |
Weighted | | |
| | |
| |
| | |
| | |
| | |
Average | | |
| | |
Weighted | |
| | |
| | |
Weighted | | |
Remaining | | |
| | |
Average | |
| | |
| | |
Average | | |
Contractual | | |
Aggregate | | |
Grant | |
| Stock Options | |
Number of
Options | | |
Exercise
Price | | |
Term
(Years) | | |
Intrinsic
Value | | |
Date
Fair Value | |
| Outstanding - December 31, 2023 | |
| 121,276 | | |
$ | 7.79 | | |
| 6.47 | | |
$ | - | | |
| | |
| Vested and Exercisable - December 31, 2023 | |
| 116,174 | | |
$ | 7.43 | | |
| 6.61 | | |
$ | - | | |
| | |
| Unvested and non-exercisable - December
31, 2023 | |
| 5,101 | | |
$ | 16.00 | | |
| 3.16 | | |
$ | - | | |
| | |
| Granted | |
| 1,054,603 | | |
$ | 1.78 | | |
| | | |
| | | |
$ | 1.52 | |
| Exercised | |
| - | | |
$ | - | | |
| | | |
| | | |
| | |
| Cancelled/Forfeited | |
| (9,798 | ) | |
$ | 6.45 | | |
| | | |
| | | |
| | |
| Outstanding - December 31, 2024 | |
| 1,166,081 | | |
$ | 2.37 | | |
| 6.85 | | |
$ | - | | |
| | |
| Vested and Exercisable - December 31, 2024 | |
| 1,166,081 | | |
$ | 2.37 | | |
| 6.85 | | |
$ | - | | |
| | |
| Unvested and non-exercisable - December
31, 2023 | |
| - | | |
| - | | |
| | | |
| - | | |
| | |
| Granted | |
| 1,144,116 | | |
$ | 1.75 | | |
| | | |
| | | |
$ | 1.49 | |
| Exercised | |
| - | | |
$ | - | | |
| | | |
| | | |
| | |
| Cancelled/Forfeited | |
| (17,253 | ) | |
$ | 1.78 | | |
| | | |
| | | |
| | |
| Outstanding - December 31, 2025 | |
| 2,292,944 | | |
$ | 2.06 | | |
| 6.43 | | |
$ | - | | |
| | |
| Vested and Exercisable - December 31, 2025 | |
| 2,292,944 | | |
$ | 2.06 | | |
| 6.43 | | |
$ | - | | |
| | |
| Unvested and non-exercisable - December
31, 2023 | |
| - | | |
| - | | |
| | | |
| - | | |
| | |
|
| Schedule of Fair Value of Stock Options |
The
fair value of these stock options was determined using the Black-Scholes option pricing model with the following inputs:
Schedule of Fair Value of Stock Options
| Expected term | |
| 7
years | |
| Expected volatility | |
| 103 | % |
| Expected dividends | |
| 0 | % |
| Risk free interest rate | |
| 3.88 | % |
The
fair value of these stock options was determined using a Black-Scholes option pricing model with the following inputs:
| Expected term | |
| 7
years | |
| Expected volatility | |
| 104 | % |
| Expected dividends | |
| 0 | % |
| Risk free interest rate | |
| 4.48 | % |
|
| Schedule of Stock Based Compensation Expense |
Stock-based
compensation expense related to stock options for the years ended December 31, 2025 and 2024 was as follows:
Schedule
of Stock Based Compensation Expense
| Years
Ended December 31, | |
| 2025 | | |
2024 | |
| $ | 1,701,735 | | |
$ | 1,609,193 | |
|
| Schedule of Warrants Activity |
Warrant
activity for the years ended December 31, 2025 and 2024 are summarized as follows:
Schedule
of Warrants Activity
| | |
| | |
| | |
Weighted | | |
| |
| | |
| | |
| | |
Average | | |
| |
| | |
| | |
Weighted | | |
Remaining | | |
Aggregate | |
| | |
Number of | | |
Average | | |
Contractual | | |
Intrinsic | |
| Warrants | |
Warrants | | |
Exercise
Price | | |
Term
(Years) | | |
Value | |
| Outstanding - December 31, 2023 | |
| 5,574,253 | | |
$ | 4.81 | | |
| 0.86 | | |
$ | 9,348,348 | |
| Vested and Exercisable - December 31, 2023 | |
| 5,574,253 | | |
$ | 4.81 | | |
| 0.86 | | |
$ | 9,348,348 | |
| Unvested - December 31, 2023 | |
| - | | |
$ | - | | |
| - | | |
$ | - | |
| Granted | |
| - | | |
$ | - | | |
| | | |
| | |
| Exercised | |
| (1,953,308 | ) | |
$ | 4.73 | | |
| | | |
| | |
| Cancelled/Forfeited | |
| (3,524,945 | ) | |
$ | 4.86 | | |
| | | |
| | |
| Outstanding - December 31, 2024 | |
| 96,000 | | |
$ | 4.73 | | |
| 0.37 | | |
$ | - | |
| Vested and Exercisable - December 31, 2024 | |
| 96,000 | | |
$ | 4.73 | | |
| 0.37 | | |
$ | - | |
| Unvested and non-exercisable - December
31, 2024 | |
| - | | |
$ | - | | |
| - | | |
$ | - | |
| Granted | |
| 730,000 | | |
$ | 5.86 | | |
| | | |
| | |
| Exercised | |
| - | | |
$ | - | | |
| | | |
| | |
| Cancelled/Forfeited | |
| (96,000 | ) | |
$ | 4.73 | | |
| | | |
| | |
| Outstanding - December 31, 2025 | |
| 730,000 | | |
$ | 5.86 | | |
| 4.30 | | |
$ | - | |
| Vested and Exercisable - December 31, 2025 | |
| 730,000 | | |
$ | 5.86 | | |
| 4.30 | | |
$ | - | |
| Unvested and non-exercisable - December
31, 2025 | |
| - | | |
$ | - | | |
| - | | |
$ | - | |
|