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 |
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.
SCHEDULE
OF RESTRICTED STOCK UNITS ACTIVITY
| | |
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 |
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:
SCHEDULE OF CHANGE IN FAIR VALUE OF WARRANTS
| | |
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 |
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 |
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 | |
|