v3.26.1
STOCKHOLDERS’ EQUITY (Tables)
12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
SCHEDULE OF ESTIMATED GRANT DATE FAIR VALUE OF STOCK OPTION GRANTS

The estimated grant date fair value of stock option grants was calculated using the Black-Scholes-Merton option-pricing model using the following assumptions:

 

   2025   2024 
Weighted average volatility   100.44%   170.23%
Weighted average expected term (years)   5.00    5.00 
Risk free interest rate   4.18%   4.54%
Expected dividend yield          
SCHEDULE OF STOCK OPTION ACTIVITY

 

The following table represents incentive stock option activity as of and for the year ended December 31, 2025:

 

   Number of   Weighted Average   Weighted Average   Aggregate 
   Shares   Exercise Price   Remaining Life   Intrinsic Value 
                 
Options Outstanding – December 31, 2024   5,650,000   $0.78    3.80   $612,418 
Granted                
Exercised   550,000    0.13         
Forfeited   1,605,000             
Options Outstanding – December 31, 2025   3,495,000    0.44    1.04    - 
                     
Exercisable and Vested, December 31, 2025   2,181,664    0.63    1.42    (720,656)

 

The following table represents stock option activity as of and for the year ended December 31, 2024:

 

  

Number of

Shares

  

Weighted Average

Exercise Price

  

Weighted Average

Remaining Life

  

Aggregate

Intrinsic Value

 
                 
Options Outstanding: December 31, 2023   6,000,000   $0.75    3.69   $872,463 
Granted   100,000    0.47         
Exercised   450,000    0.41         
Forfeited                
Options Outstanding: December 31, 2024   5,650,000   $0.78    3.80   $612,418 
                     
Exercisable and Vested: December 31, 2024   54,163   $0.51    1.72   $(18,110)