v3.26.1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Assumption of Black-scholes Option Pricing Model

The fair value of stock options is estimated on the grant date using the Black Scholes option pricing model with the following weighted average assumptions:

 

For the three months ended March 31, 2026 and 2025:

 

   Three months ended 
   March 31,   March 31, 
   2026   2025 
Expected Term (in years)   N/A    5.85 
Expected Volatility   N/A    69.16%
Risk-free interest rate   N/A    4.14%
Expected dividend yield   N/A    0.00%
Grant date fair value   N/A   $0.85 
Schedule of Stock Option Activity

A summary of stock option activity under the Plan for the three months ended March 31, 2026 and 2025 is as follows:

 

   Options   Weighted
Average
Exercise Price
  

Weighted
Average
Remaining

Contractual Life
(years)

 
Outstanding at December 31, 2024   8,568   $0.22    9.22 
Granted   145,192    0.12      
Exercised   -    -      
Forfeited / cancelled   -    -      
Outstanding at March 31, 2025   153,760   $0.13    9.88 
                
Outstanding at December 31, 2025   711,751   $0.23    9.66 
Granted   -    -      
Exercised   -    -      
Forfeited / cancelled   -    -      
Outstanding at March 31, 2026   711,751   $0.23    9.42 
Exercisable at March 31, 2026   58,017   $0.13    8.88 
Schedule of Unvested Restricted Stock Awards

A summary of unvested restricted stock awards for the periods ended March 31, 2026 and 2025 is as follows:

 

   Shares   Weighted Average
Grant Date Fair
Value
   Weighted Average Grant
Date
Fair Value Aggregate
 
Unvested at December 31, 2024   2,326,451   $0.45   $1,038,288 
Granted   -    -    - 
Vested   (272,213)   0.42    (115,421)
Forfeited / cancelled   -    -    - 
Unvested at March 31, 2025   2,054,238   $0.45   $922,867 
                
Unvested at December 31, 2025   1,118,013    0.48    531,548 
Granted   657,808    0.69    456,044 
Vested   (290,155)   0.45    (131,405)
Forfeited / cancelled   -    -    - 
Unvested at March 31, 2026   1,485,666   $0.58   $857,108