v3.26.1
STOCKHOLDERS’ EQUITY (Tables)
3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
SCHEDULE OF WARRANT ACTIVITY

 

  

Warrants

Outstanding

  

Weighted

Average

Exercise

Price

  

Weighted

Average

Remaining

Contractual

Term in

Years

 
Balance at January 1, 2026   13,086,220   $1.92    3.13 
Issued             
Exercised             
Expired             
Balance at March 31, 2026   13,086,220   $1.92    2.89 

 

  

Warrants

Outstanding

  

Weighted

Average

Exercise

Price

  

Weighted

Average

Remaining

Contractual

Term in

Years

 
Balance at January 1, 2025   6,718,176   $2.37    4.56 
Issued   2,580,967    3.01      
Exercised             
Expired             
Balance at March 31, 2025   9,299,143   $2.23    4.76 
SCHEDULE OF SHARE-BASED PAYMENT AWARD, WARRANTS, VALUATION ASSUMPTIONS

The value of warrant grants is calculated using the Warrant Black Scholes calculations with the following assumptions for warrants granted during the three months ended March 31, 2026 and 2025:

 

   2026    2025 
Risk-free interest rate   % - %    3.97% - 4.23%
Expected term (in years)   0.0     6.0 
Expected volatility   %    95%
Expected dividend yield         
SCHEDULE OF ACTIVITY AND INFORMATION OF OUTSTANDING AND EXERCISABLE OPTIONS

The following table summarizes the activity and information regarding MAIA’s outstanding and exercisable options for the three months ended March 31, 2026:

  

  

Options

Outstanding

  

Weighted

Average

Exercise

Price

  

Weighted

Average

Remaining

Contractual

Term in

Years

  

Aggregate

Intrinsic

Value

 
Balance at January 1, 2026   12,878,381   $2.19    6.68    - 
Granted   641,089    1.49           
Exercised   (21,479)   1.79           
Cancelled/forfeited   (400,000)   1.44           
Balance at March 31, 2026   13,097,991   $2.17    6.26   $122,238 
Options exercisable at March 31, 2026   10,263,053   $2.24    5.7   $112,947 
SCHEDULE OF SHARE-BASED PAYMENT AWARD, STOCK OPTIONS, VALUATION ASSUMPTIONS

The value of option grants is calculated using the Black-Scholes-Merton option pricing model with the following assumptions for options granted during the three months ended March 31, 2026 and 2025:

 

   2026    2025  
Risk-free interest rate   3.52% - 3.70 %    4.22% - 4.43 % 
Expected term (in years)   55.3     5 - 6.08  
Expected volatility   85%    95% 
Expected dividend yield   %    % 
SCHEDULE OF STOCK BASED COMPENSATION EXPENSE

Stock based compensation related to the Company’s stock plans are as follows:

 

   2026   2025 
   Three Months Ended 
   March 31, 
   2026   2025 
General and administrative  $440,736   $198,858 
Research and development   209,288    172,614 
Total stock-based compensation  $650,024   $371,472