v3.26.1
Capital Stock (Tables)
3 Months Ended
Mar. 31, 2026
Stockholders' Equity [Abstract]  
Schedule of Non-Qualified Stock Option

A summary of the Company’s non-qualified stock option activity is as follows:

 

   Total Options   Weighted Average Exercise Price Per Share   Total Weighted Average Remaining Contractual Life 
Options outstanding, December 31, 2025   2,969,860   $1.72    6.77 
Granted   352,936    3.39    10.0 
Exercised   
-
    
-
    - 
Forfeited   
-
    
-
    - 
Expired   
-
    
-
    - 
Options outstanding, March 31, 2026   3,322,796   $1.89    6.88 
Options exercisable, March 31, 2026   2,633,089   $1.65    6.37 
Schedule of Assumptions were Used to Calculate Share-based Compensation Expense The following assumptions were used to calculate share-based compensation expense for three months ended March 31, 2026:
Exercise price  $3.39 
Share price  $2.95 
Volatility   79.40%
Risk-free interest rate   3.63%
Dividend yield   0.0 
Expected term   6.06 years 
Schedule of Warrant Activity

A summary of the Company’s warrant activity is as follows:

 

   Warrants   Weighted Average Exercise Price Per Share   Total Weighted Average Remaining Contractual Life 
Warrants outstanding, December 31, 2025   64,966   $7.99    1.51 
Granted   3,591,206    11.37    1.03 
Exercised   
-
    
-
    - 
Forfeited/Expired   
-
    
-
    - 
Warrants outstanding, March 31, 2026   3,656,172    11.31    1.17 
Warrants exercisable, March 31, 2026   3,656,172   $11.31    1.17 
Schedule of Warrant Values

The following assumptions were used to calculate the warrant values:

 

Exercise price   $8.00 - $13.70 
Share price   $11.42 
Volatility   74.8% - 77.6% 
Risk-free interest rate   3.68% - 3.92% 
Dividend yield   0.0 
Expected term   1.3 to 5.0 years