v3.26.1
Share-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2026
Retirement Benefits [Abstract]  
Schedule of Restricted Stock

The following table summarizes restricted stock activity during the three months ended March 31, 2026:

Schedule of Restricted Stock 

   Unvested
Shares		   Issuable
Shares		  

Fair Value

at Date of

Issuance

  

Weighted

Average

Grant Date

Fair Value

 
Balance, December 31, 2025   961,112    -   $2,880,889    2.96 
Granted   1,400,000    -    1,456,000    1.04 
Vested   (217,015)   217,015    -    - 
Forfeited   -              - 
Issued   -    (217,015)   (526,778)   - 
Balance, March 31, 2026   2,144,097    -   $3,810,111   $1.78 
Schedule of Stock Options

A summary of stock option activity is presented below:

 

Schedule of Stock Options 

   Number of  

Weighted

Average

Exercise

 
   Options   Price 
         
Stock options outstanding at December 31, 2025   4,047,222   $4.28 
Granted   765,000    1.04 
Exercised   -    - 
Expired or forfeited   -    - 
Stock options outstanding at March 31, 2026   4,812,222   $2.78 
Stock options exercisable at March 31, 2026   3,496,944   $3.45 
Schedule of Options Summarized by Exercise Price

The exercise prices of common stock options outstanding and exercisable at March 31, 2026 are as follows:

 

Schedule of Options Summarized by Exercise Price 

Exercise Prices   Options Outstanding (Shares)   Options Exercisable (Shares) 
$0.92    992,222    399,444 
$1.03    765,000    42,500 
$1.05    7,500    7,500 
$1.25    24,000    24,000 
$1.50    400,000    400,000 
$3.35    61,000    61,000 
$4.42    2,562,500    2,562,500 
      4,812,222    3,496,944