STOCK-BASED COMPENSATION (Tables) - Old Glory Holding Co [Member]
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| SCHEDULE OF ASSUMPTIONS FOR STOCK OPTION GRANTS |
Assumptions
used for stock option grants during the years ended December 31, 2025 and 2024 were as follows:
SCHEDULE
OF ASSUMPTIONS FOR STOCK OPTION GRANTS
| | |
2025 | | |
2024 | |
| | |
| | |
| |
| Risk-free
interest rate | |
| 4.03 | % | |
| 4.18 | % |
| Expected
term | |
| 7 | | |
| 7 | |
| Expected
stock price volatility | |
| 40 | % | |
| 40 | % |
| Dividend
yield | |
| 0.00 | % | |
| 0.00 | % |
| Calculated
fair value | |
$ | 3.42 | | |
| 2.46
- 2.95 | |
|
| SCHEDULE OF STOCK OPTION ACTIVITY |
A
summary of stock option activity under the stock option plans during the years ended December 31, 2025 and 2024 is presented below:
SCHEDULE OF STOCK OPTION ACTIVITY
| | |
| | |
Weighted
Average
Exercise | | |
Weighted
Average
Remaining
Contractual | |
Aggregate
Intrinsic | |
| | |
Shares | | |
Price | | |
Term | |
Value | |
| Outstanding
December 31, 2023 | |
| 892,000 | | |
$ | 1.14 | | |
9.02
Yrs | |
$ | 3,442,000 | |
| | |
| | | |
| | | |
| |
| | |
| Granted | |
| 711,000 | | |
| 5.98 | | |
| |
| | |
| Exercised | |
| - | | |
| - | | |
| |
| | |
| Forfeited
or expired | |
| (65,000 | ) | |
| 1.56 | | |
| |
| | |
| | |
| | | |
| | | |
| |
| | |
| Outstanding
December 31, 2024 | |
| 1,538,000 | | |
$ | 3.48 | | |
8.85
Yrs | |
$ | 5,057,000 | |
| | |
| | | |
| | | |
| |
| | |
| Granted | |
| 120,000 | | |
| 7.00 | | |
| |
| | |
| Exercised | |
| (10,417 | ) | |
| 1.00 | | |
| |
| | |
| Forfeited
or expired | |
| (120,666 | ) | |
| 3.30 | | |
| |
| | |
| | |
| | | |
| | | |
| |
| | |
| Outstanding
December 31, 2025 | |
| 1,526,917 | | |
| 3.59 | | |
7.78
Yrs | |
$ | 4,848,917 | |
| | |
| | | |
| | | |
| |
| | |
| Exercisable
December 31, 2025 | |
| 783,969 | | |
$ | 2.29 | | |
7.32
Yrs | |
$ | 3,689,542 | |
|
| SCHEDULE OF STOCK OPTION EXPENSE RECOGNIZED AND REMAINING UNEARNED OPTION EXPENSE |
The
following table summarizes stock option expense recognized and remaining unearned option expense as of and for the years ended December
31:
SCHEDULE
OF STOCK OPTION EXPENSE RECOGNIZED AND REMAINING UNEARNED OPTION EXPENSE
| | |
2025 | | |
2024 | |
| | |
| | |
| |
| Compensation
expense recognized for options granted | |
$ | 711 | | |
$ | 362 | |
| Unvested
stock-based compensation expense related to stock options | |
$ | 1,588 | | |
| | |
|
| SCHEDULE OF WARRANTS ISSUED TO SHAREHOLDERS |
SCHEDULE
OF WARRANTS ISSUED TO SHAREHOLDERS
| | |
| | |
| | |
| | |
(in
000’s) | | |
(in
000’s) | |
| | |
| | |
| | |
| | |
Total | | |
Fair
Value | |
| | |
| | |
| | |
Black | | |
Warrants | | |
Allocated
To | |
| | |
Shareholder | | |
Strike | | |
Scholes | | |
Fair | | |
Surplus
- | |
| Year | |
Warrants | | |
Price | | |
Value | | |
Value | | |
Warrants | |
| | |
| | |
| | |
| | |
| | |
| |
| 2024 | |
| 921,931 | | |
| 6.00 | | |
| 2.95 | | |
| 2,720 | | |
| 1,823 | |
| 2025 | |
| 445,739 | | |
| 7.00 | | |
| 3.42 | | |
| 1,524 | | |
| 1,024 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| | |
| 1,367,670 | | |
| | | |
| | | |
| 4,244 | | |
| 2,847 | |
|
| SCHEDULE OF ASSUMPTIONS FOR WARRANT GRANTS |
Assumptions
used for warrant grants during the years ended December 31, 2025 and 2024 were as follows:
SCHEDULE
OF ASSUMPTIONS FOR WARRANT GRANTS
| | |
2025 | | |
2024 | |
| | |
| | |
| |
| Risk-free
interest rate | |
| 4.03 | % | |
| 4.18 | % |
| Expected
term | |
| 7 | | |
| 7 | |
| Expected
stock price volatility | |
| 40 | % | |
| 40 | % |
| Dividend
yield | |
| 0.00 | % | |
| 0.00 | % |
| Calculated
fair value | |
$ | 3.42 | | |
| 2.46
- 2.95 | |
|
| SCHEDULE OF WARRANT ACTIVITY |
A
summary of activity under the warrant plans during the years ended December 31, 2025 and 2024 is presented below:
SCHEDULE
OF WARRANT ACTIVITY
| | |
| | |
Weighted
Average
Exercise | | |
Weighted
Average
Remaining
Contractual | |
Aggregate
Intrinsic | |
| | |
Shares | | |
Price | | |
Term | |
Value | |
| Outstanding
December 31, 2023 | |
| 1,066,000 | | |
$ | 1.14 | | |
9.00
Yrs | |
$ | 2,720,000 | |
| | |
| | | |
| | | |
| |
| | |
| Granted | |
| 1,273,718 | | |
| 6.00 | | |
| |
| | |
| Exercised | |
| (386,000 | ) | |
| 1.00 | | |
| |
| | |
| Forfeited
or expired | |
| - | | |
| - | | |
| |
| | |
| | |
| | | |
| | | |
| |
| | |
| Outstanding
December 31, 2024 | |
| 1,953,718 | | |
$ | 4.26 | | |
9.14
Yrs | |
$ | 5,353,449 | |
| | |
| | | |
| | | |
| |
| | |
| Granted | |
| 495,739 | | |
| 7.00 | | |
| |
| | |
| Exercised | |
| - | | |
| - | | |
| |
| | |
| Forfeited
or expired | |
| - | | |
| - | | |
| |
| | |
| | |
| | | |
| | | |
| |
| | |
| Outstanding
December 31, 2025 | |
| 2,449,457 | | |
| 4.81 | | |
8.42
Yrs | |
$ | 5,353,719 | |
| | |
| | | |
| | | |
| |
| | |
| Exercisable
December 31, 2025 | |
| 2,379,298 | | |
$ | 4.77 | | |
8.40
Yrs | |
$ | 5,363,104 | |
|
| SCHEDULE OF WARRANT EXPENSE RECOGNIZED AND REMAINING UNEARNED WARRANT EXPENSE |
The
following table summarizes warrant expense recognized and remaining unearned warrant expense as of and for the years ended December 31:
SCHEDULE
OF WARRANT EXPENSE RECOGNIZED AND REMAINING UNEARNED WARRANT EXPENSE
| | |
2025 | | |
2024 | |
| | |
| | |
| |
| Compensation
expense recognized for warrants granted | |
$ | 332 | | |
$ | 325 | |
| Unvested
stock-based compensation expense related to warrants | |
$ | 552 | | |
| | |
|