v3.26.1
Stock Incentive Plans (Tables)
6 Months Ended
Jun. 30, 2026
Stock Incentive Plans [Abstract]  
Schedule of Share Options as Equity-Settled Share-Based Payments at Fair Value

The Company has classified the share options as equity-settled share-based payments at fair value. The following table summarizes stock option activities for the six months ended June 30, 2026:

 

    Number of Option Shares     Weighted
Average
Exercise
Price
 
Outstanding December 31, 2025     5,920,612     $ 2.76  
Granted     479,693       10.78  
Forfeited     (58,593 )     2.88  
Outstanding June 30, 2026     6,341,712       3.36  
                 
Weighted average remaining life (Years)     7.9          
Options vested and exercisable at June 30, 2026     3,793,506          
Schedule of Fair Value of Options Granted

The fair value of options granted was determined using the Binomial Valuation Model, taking into account the terms and conditions upon which the options were granted. The following table lists the inputs to the model used:

 

    Granted
during
six months
ended
June 30, 2026
Dividend yield (%)   0%
Expected volatility (%)   100.00%
Risk-free interest rate (%)   1.54% - 1.66%
Expected life of options (years)   10
Schedule of RSU Activity

The Company’s RSU activity is summarized in the following table:

 

    Number of RSUs     Weighted
Average
Grant Date
Fair Value
 
Outstanding December 31, 2025     -     $ -  
Granted or approved     474,784       11.11  
Forfeited     -       -  
Outstanding June 30, 2026     474,784     $ 11.11