v3.26.1
WARRANTS (Tables)
3 Months Ended
Mar. 31, 2026
Warrants  
SCHEDULE OF WARRANTS ACTIVITY

The following table summarizes warrant activity through March 31, 2026:

 

   Warrants Issued  

Weighted-Average

Exercise Price

 
         
Warrants outstanding – December 31, 2024 (audited)   1,650,000   $1.10 
Granted   250,000    3.12 
Canceled and expired   (100,000)   3.20 
Exercised   -    - 
Warrants outstanding – December 31, 2025 (audited)   1,800,000   $2.85 
Granted   -    - 
Canceled and expired   -    - 
Exercised   -    - 
Warrants outstanding – March 31, 2026   1,800,000   $2.85 
SCHEDULE OF WARRANTS OUTSTANDING

Additional information regarding the warrants outstanding as of March 31, 2026 is as follows:

 

Exercise Price  

Number

Outstanding

  

Weighted Average

Remaining

Contractual Life

  

Number

Exercisable

 
$1.10    150,000    2.3 Years    150,000 
$3.20    50,000    2.8 years    50,000 
$3.00    1,600,000    8.1 Years    1,274,999 
      1,800,000         1,474,999 
SCHEDULE OF WARRANTS FAIR VALUE ASSUMPTIONS

The fair value of such warrants was estimated on the date of grant to be $1.16 - $1.19 per share using the Black-Scholes option-pricing model with the following assumption weighted-averages in 2025:

 

Risk-free interest rates  4.12 - 4.32%
Expected life in years   3.0 
Expected volatility   90%
Expected dividend yield   0%
Fair value common stock  $2.25