| SCHEDULE OF STOCK OPTION ACTIVITY |
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 | ) |
|