v3.26.1
Stock Based Compensation (Tables)
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

The following table summarizes stock-based activities under the 2017 Plan, 2019 Plan, and 2023 Stock Incentive Plans:

 

       Weighted   Weighted
   Shares   Average   Average
   Underlying   Exercise   Contractual
   Options   Price   Terms
            
Outstanding at December 31, 2025   657,042   $4.32   9.5 years
Forfeited   (879)  $1,626.87   N/A
Outstanding at March 31, 2026   656,163   $2.04   9.3 years
              
Exercisable options at March 31, 2026   656,163   $2.04   9.3 years
              
Vested and expected to vest at March 31, 2026   656,163   $2.04   9.3 years
Schedule of Options Weighted Average Assumptions

Stock options granted during the three months ended March 31, 2026 and 2025 were valued using the Black-Scholes option-pricing model with the following weighted-average assumptions:

 

    For the three months ended March 31,  
    2026     2025  
             
Expected volatility     N/A       102.3 %
Risk-free interest rate     N/A       4.61 %
Expected dividend yield     N/A       0 %
Expected life of options in years     N/A       5.0  
Estimated fair value of options granted     N/A       1.5  
Schedule of Stock-Based Compensation Expense

Total stock-based compensation expense included in the accompanying consolidated statements of operations was as follows:

 

   2026   2025 
   For the three months ended March 31, 
   2026   2025 
Research and development  $-   $93,865 
General and administrative   32,259,757    125,341 
Total stock-based compensation  $32,259,757   $219,179 
Schedule of Warrants

Terms of the warrants outstanding at March 31, 2026 are as follows:

 

   Initial  Expiration  Exercise   Warrants   Warrants   Warrants 
Issuance Date  Exercise Date  Date  Price   Issued   Exercised   Outstanding 
                       
January 14, 2022  July 10, 2022  January 11, 2027  $1,875.00    500    -    500 
                           
May 2, 2023  November 2, 2023  May 2, 2028  $234.375    424    -    424 
                           
November 30, 2023  May 27, 2024  May 2, 2028  $18.75    20,000    -    20,000 
                           
June 21, 2024  June 21, 2024  N/A  $0.001    452,253    452,253    - 
                           
June 21, 2024  June 21, 2024  December 21, 2029  $3.09    329,771    229,430    100,341 
                           
June 21, 2024  June 21, 2024  December 21, 2029  $3.06    39,573    -    39,573 
                           
December 9, 2024  December 9, 2024  N/A  $0.001    491,157    491,157    - 
                           
December 9, 2024  June 9, 2025  December 9, 2030  $2.03    480,721    317,673    163,048 
                           
December 9, 2024  June 9, 2025  December 9, 2030  $2.031    57,687    -    57,687 
                           
June 20, 2025  June 20, 2025  N/A  $0.001    137,838    137,838    - 
                           
June 20, 2025  December 20, 2025*  June 20, 2031*  $1.29    1,689,189    858,111    831,078 
                           
June 20, 2025  December 20, 2025*  June 20, 2031*  $3.00    844,570    114,862    729,708 
                           
June 20, 2025  December 20, 2025  June 20, 2031  $1.29    118,243    6,739    111,504 
                           
June 20, 2025  December 20, 2025  June 20, 2031  $3.00    59,119    -    59,119 
                           
July 25, 2025  July 25, 2025  N/A  $0.001    559,910    559,910    - 
                           
July 25, 2025  January 25, 2026*  July 25, 2031*  $1.66    974,241    260,354    713,887 
                           
July 25, 2025  July 25, 2025  N/A  $0.001    103,490    103,490    - 
                           
July 25, 2025  January 25, 2026*  July 25, 2031*  $1.52    744,680    699,088    45,592 
                           
July 25, 2025  January 25, 2026  July 25, 2031  $1.66    52,128    2,971    49,157 
                           
August 26, 2025  August 26, 2026  N/A  $0.001    983,111    983,111    - 
                           
November 6, 2025  November 6, 2025  N/A  $0.001    6,351,021    -    6,351,021 
                           
November 6, 2025  November 6, 2025  N/A  $0    145,105,094    9,590,012    135,515,082 
                           
November 6, 2025  January 30, 2026  January 30, 2031  $0.001    10,318,215    -    10,318,215 
                           
January 21, 2026  January 21, 2026  N/A  $.0001    17,000,000    -    17,000,000 

 

* The exercise and expiration dates for the referenced common warrants were amended in October 2025 to reflect an exercise date of October 1, 2025.