STOCKHOLDERS’ EQUITY (Tables)
|
3 Months Ended |
Mar. 31, 2026 |
| Equity [Abstract] |
|
| SCHEDULE OF OUTSTANDING WARRANTS AND CHANGES |
A
summary of the status of the Company’s total outstanding warrants and changes during the three months ended March 31, 2026 and
2025 are as follows:
SCHEDULE OF OUTSTANDING WARRANTS AND CHANGES
| | |
Number
of Warrants | | |
Weighted Average Exercise Price | | |
Weighted Average Remaining Contractual Term
(Years) | | |
Aggregate Intrinsic Value
(1) | |
| Balance Outstanding on December 31, 2025 | |
| 2,135,688 | | |
$ | 5.88 | | |
| 2.6 | | |
$ | 114,424 | |
| Issued | |
| - | | |
| - | | |
| - | | |
| - | |
| Balance Outstanding on March 31, 2026 | |
| 2,135,688 | | |
$ | 5.88 | | |
| 2.4 | | |
$ | 88,033 | |
| Exercisable, March 31, 2026 | |
| 2,135,688 | | |
$ | 5.88 | | |
| 2.4 | | |
$ | 88,033 | |
| (1) |
The
aggregate intrinsic value on March 31, 2026 and December 31, 2025 was calculated based on the Nasdaq’s market close on March
31, 2026 December 31, 2025, respectively and the exercise price of the underlying the warrants. |
| | |
Number
of Warrants | | |
Weighted Average Exercise Price | | |
Weighted Average Remaining Contractual Term
(Years) | | |
Aggregate Intrinsic Value
(1) | |
| Balance Outstanding on December 31, 2024 | |
| 125,531 | | |
$ | 4.09 | | |
| 3.3 | | |
$ | 90,952 | |
| Issued | |
| 12,500 | | |
| 4.07 | | |
| 5.0 | | |
| - | |
| Balance Outstanding on March 31, 2025 | |
| 138,031 | | |
$ | 4.09 | | |
| 3.2 | | |
$ | 23,599 | |
| Exercisable, March 31, 2025 | |
| 125,531 | | |
| 4.09 | | |
| 3.0 | | |
$ | 23,599 | |
| (1) |
The
aggregate intrinsic value on March 31, 2025 and December 31, 2024 was calculated based on the Nasdaq’s market close on March
31, 2025 December 31, 2024, respectively and the exercise price of the underlying the warrants. |
|
| SCHEDULE OF BLACK-SCHOLES OPTION PRICING MODEL TO WARRANTS GRANTED ASSUMPTION |
The
Company did not grant any warrants during the three months ended March 31, 2026. The warrants granted during the three months ended March
31, 2025 were valued using the Black-Scholes option pricing model using the following weighted average assumptions:
SCHEDULE OF BLACK-SCHOLES OPTION PRICING MODEL TO WARRANTS GRANTED ASSUMPTION
| | |
March 31, | | |
March 31, | |
| | |
2026 | | |
2025 | |
| Expected term, in years | |
| - | | |
| 5.0 | |
| Expected volatility | |
| - | | |
| 54.41 | % |
| Risk-free interest rate | |
| - | | |
| 4.01 | % |
| Dividend yield | |
| - | | |
| 0.00 | % |
|
| SCHEDULE OF STOCK OPTION ACTIVITY |
A
summary of the Company’s stock option activity during the three months ended March 31, 2026 and 2025 is as follows:
SCHEDULE OF STOCK OPTION ACTIVITY
| | |
Shares
Underlying Options | | |
Weighted
Average Exercise Price | | |
Weighted
Average Contractual Life (Years) | | |
Intrinsic
Value | |
| Outstanding at December 31, 2025 | |
| 2,265,427 | | |
$ | 4.86 | | |
| 4.66 | | |
$ | 528,725 | |
| Granted | |
| 225,000 | | |
| 4.52 | | |
| 4.98 | | |
| - | |
| Forfeited | |
| - | | |
| - | | |
| - | | |
| - | |
| Exercised | |
| - | | |
| - | | |
| - | | |
| - | |
| Outstanding at March 31, 2026 | |
| 2,490,427 | | |
$ | 4.83 | | |
| 4.46 | | |
$ | 303,325 | |
| | |
| | | |
| | | |
| | | |
| | |
| Exercisable at March 31, 2026 | |
| 1,565,427 | | |
$ | 4.34 | | |
| 4.38 | | |
$ | 129,325 | |
| | |
Shares
Underlying Options | | |
Weighted
Average Exercise Price | | |
Weighted
Average Contractual Life (Years) | | |
Intrinsic
Value | |
| Outstanding at December 31, 2024 | |
| 322,500 | | |
$ | 3.40 | | |
| 4.97 | | |
$ | 138,675 | |
| Granted | |
| 350,000 | | |
| 7.36 | | |
| 5.00 | | |
| - | |
| Forfeited | |
| - | | |
| - | | |
| - | | |
| - | |
| Exercised | |
| - | | |
| - | | |
| - | | |
| - | |
| Outstanding at March 31, 2025 | |
| 672,500 | | |
$ | 5.46 | | |
| 2.56 | | |
$ | - | |
| | |
| | | |
| | | |
| | | |
| | |
| Exercisable at March 31, 2025 | |
| 236,250 | | |
$ | 3.91 | | |
| 4.78 | | |
$ | - | |
|
| SCHEDULE OF WEIGHTED AVERAGE ASSUMPTIONS OF OPTIONS |
The
options granted during the three months ended March 31, 2026 and 2025 were valued using the Black-Scholes option pricing model using
the following weighted average assumptions:
SCHEDULE OF WEIGHTED AVERAGE ASSUMPTIONS OF OPTIONS
| | |
March
31, 2026 | | |
March
31, 2025 | |
| Expected term, in years | |
| 3.22 | | |
| 5.0 | |
| Expected volatility | |
| 43.86 | % | |
| 55.79 | % |
| Risk-free interest rate | |
| 3.86 | % | |
| 4.09 | % |
| Dividend yield | |
| - | | |
| - | |
|