Share-Based Compensation (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Retirement Benefits [Abstract] |
|
| Schedule of Restricted Stock |
The
following table summarizes restricted stock activity during the three months ended March 31, 2026:
Schedule
of Restricted Stock
| | |
Unvested Shares | | |
Issuable Shares | | |
Fair Value at Date of Issuance | | |
Weighted Average Grant Date Fair Value | |
| Balance, December 31, 2025 | |
| 961,112 | | |
| - | | |
$ | 2,880,889 | | |
| 2.96 | |
| Granted | |
| 1,400,000 | | |
| - | | |
| 1,456,000 | | |
| 1.04 | |
| Vested | |
| (449,305 | ) | |
| 449,305 | | |
| - | | |
| - | |
| Forfeited | |
| - | | |
| | | |
| | | |
| - | |
| Issued | |
| - | | |
| (449,305 | ) | |
| (994,361 | ) | |
| - | |
| Balance, June 30, 2026 | |
| 1,911,807 | | |
| - | | |
$ | 3,342,528 | | |
$ | 1.75 | |
|
| Schedule of Stock Options |
Stock
option activity during the six months ended June 30, 2026 is as follows:
Schedule
of Stock Options
| | |
Number of Shares | | |
Weighted- Average Exercise Price | | |
Weighted-Average Remaining Contractual Term (Years) | | |
Aggregate Intrinsic Value | |
| Balance at December 31, 2025 | |
| 4,047,222 | | |
$ | 4.28 | | |
| 8.16 | | |
$ | 178,975 | |
| Granted | |
| 820,000 | | |
| 1.025 | | |
| | | |
| | |
| Exercised | |
| - | | |
| - | | |
| | | |
| | |
| Forfeited and expired | |
| (3,000 | ) | |
| 1.95 | | |
| | | |
| | |
| Balance at June 30, 2026 | |
| 4,864,222 | | |
| 2.76 | | |
| 8.00 | | |
| 27,782 | |
| Options vested and exercisable at June 30, 2026 | |
| 3,546,028 | | |
$ | 3.39 | | |
| 7.57 | | |
$ | 12,227 | |
|
| Schedule of Options Summarized by Exercise Price |
The
exercise prices of common stock options outstanding and exercisable at June 30, 2026 are as follows:
Schedule
of Options Summarized by Exercise Price
| Exercise Prices | | |
Options Outstanding (Shares) | | |
Options Exercisable (Shares) | |
| $ | 0.92 | | |
| 992,222 | | |
| 436,666 | |
| $ | 0.95 | | |
| 55,000 | | |
| - | |
| $ | 1.03 | | |
| 765,000 | | |
| 85,000 | |
| $ | 1.05 | | |
| 7,500 | | |
| 7,500 | |
| $ | 1.25 | | |
| 22,000 | | |
| 21,444 | |
| $ | 1.50 | | |
| 400,000 | | |
| 400,000 | |
| $ | 3.35 | | |
| 60,000 | | |
| 60,000 | |
| $ | 4.42 | | |
| 2,562,500 | | |
| 2,535,418 | |
| | | | |
| 4,864,222 | | |
| 3,546,028 | |
|