v3.26.1
EQUITY (Tables)
3 Months Ended
Mar. 31, 2026
Restricted Stock Units (RSUs) [Member] | Director [Member]  
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]  
SCHEDULE OF RESTRICTED STOCK UNITS ACTIVITY

 

  

Restricted

Stock Units

  

Weighted-

Average

Grant-Date

Fair Values

 
Outstanding as of January 1, 2026   66,666   $1.35 
Granted        
Vested   (33,333)   1.35 
Forfeited or cancelled        
Outstanding as of March 31, 2026   33,333   $1.35 
Performance Shares [Member] | Employees [Member]  
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]  
SCHEDULE OF RESTRICTED STOCK UNITS ACTIVITY

The following table summarizes our PSU activity with employees, presented with the maximum number of shares that could potentially vest, for the three months ended March 31, 2026 and 2025.

 

  

Restricted

Stock Units

  

Weighted-

Average

Grant-Date

Fair Values

 
Outstanding as of January 1, 2026   1,127,358   $5.00 
Granted        
Vested        
Forfeited or cancelled        
Outstanding as of March 31, 2026   1,127,358   $5.00 

 

  

Restricted

Stock Units

  

Weighted-

Average

Grant-Date

Fair Values

 
Outstanding as of January 1, 2025   1,142,284   $5.00 
Granted        
Vested        
Forfeited or cancelled   (12,829)   (5.00)
Outstanding as of March 31, 2025   1,129,455   $5.00 
Convertible Note Warrants [Member]  
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]  
SCHEDULE OF FAIR VALUE OF WARRANTS ESTIMATION USING BLACK-SCHOLES PRICING MODEL

 

   March 31, 2026   December 31, 2025 
Stock price  $0.51   $0.89 
Exercise price  $0.84   $0.84 
Contractual term (years)   2.65    2.90 
Volatility   97.4%   88.7%
Risk-free rate   3.77%   3.51%
SCHEDULE OF CHANGE IN FAIR VALUE OF WARRANTS

The Convertible Notes Warrants were initially measured at fair value and are being re-measured at fair value at each subsequent reporting date. The change in fair value during the three months ended March 31, 2026 and 2025, was as follows:

 

   Value   Warrants 
Fair value, at December 31, 2025  $632,876    1,216,185 
Change in fair value   (331,197)    
Exercises        
Fair value, at March 31, 2026  $301,679    1,216,185 

 

 

   Value   Warrants 
Fair value, at December 31, 2024  $1,448,109    1,405,470 
Change in fair value   (487,857)    
Exercises   (323,113)   (189,285)
Fair value, at March 31, 2025  $637,139    1,216,185 
Equity Line Warrants [Member]  
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]  
SCHEDULE OF FAIR VALUE OF WARRANTS ESTIMATION USING BLACK-SCHOLES PRICING MODEL

 

   March 31, 2026   December 31, 2025 
Stock price  $0.51   $0.89 
Exercise price  $1.50   $1.50 
Contractual term (years)   2.40    2.65 
Volatility   105.4%   98.4%
Risk-free rate   3.76%   3.49%
SCHEDULE OF CHANGE IN FAIR VALUE OF WARRANTS

 

   Value   Warrants 
Fair value, at December 31, 2025  $143,675    334,314 
Change in fair value   (79,461)    
Fair value at March 31, 2026  $64,214    334,314 

 

   Value  Warrants 
Fair value, at December 31, 2024  $292,004    334,314 
Change in fair value   (151,661)    
Fair value at March 31, 2025  $140,343    334,314