v3.26.1
STOCK BASED COMPENSATION
 3 Months Ended
Mar. 31, 2026
Retirement Benefits [Abstract]  
STOCK BASED COMPENSATION

NOTE 5 - STOCK BASED COMPENSATION

 

The table below depicts the number of options granted to employee:

 

   Three months ended March 31, 2026 
   Number of   Weighted average exercise price 
   options   in USD 
         
Options outstanding on January 1, 2026   95,257,550   $0.0001 
Options granted during the period   

15,000,000

   $0.0001 
Options exercised during the period   -   $0.0001 
Options cancelled during the period   (28,864,131)  $0.0001 
Options outstanding at the end of period   81,393,419   $0.0001 
Options exercisable at the end of period   73,893,419      

 

(*) The aggregate intrinsic value of options outstanding as of March 31, 2026 was approximately $0.76 million, calculated based on the Company’s share price of $0.0104 at that date.

 

For the three months ended March 31, 2026 and 2025 the company recognized expenses, to such options, in the amount of $78,000 and $(20,000), respectively. The expense is non-cash stock-based compensation expense resulting from options awards to the Chief Executive Officer, Chief Financial Officer and advisors. The expense represents the aggregate grant date fair value for the option awards granted and vested during the fiscal years presented, determined in accordance with FASB ASC Topic 718.