v3.26.1
STOCKHOLDERS' EQUITY (Tables)
6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Schedule of Fair Value of Warrants The fair value of the Common Stocks or Pre-Funded Warrants was determined using the closing price of the stock at close of the Offering (Level 1 on the fair value hierarchy) and the fair value of the Warrants was determined using the Black Scholes model using the following inputs (Level 2 on the fair value hierarchy):

 

Series A Warrant Inputs

 

Series B Warrant Inputs

Expected stock price volatility

156.13

%

 

156.13

%

Dividend yield

0

%

 

0

%

Risk-free interest rate

3.61

%

 

3.58

%

Expected life of the warrants (in years)

2.58

 

 

0.83

 

Summary of Warrants Exercised

The following warrants were exercised during the six months ended June 30, 2026:

 

Exercise Price

 

Warrants Exercised

 

Prefunded

 

 

1,620,047

 

$

1.70

 

 

2,048,464

 

 

2.00

 

 

375,000

 

 

2.4375

 

 

137,989

 

 

2.50

 

 

44,887

 

 

5.50

 

 

409,091