Stockholders’ Equity (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Stockholders’ Equity [Abstract] |
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| Schedule of Changes in Options |
A summary of the changes in options during the six months ended June 30, 2026 is as follows: | | | Number of
Options | | | Weighted
Average
Exercise
Price Per
Share | | | Weighted
Average
Remaining
Contractual
Term
(Years) | | | Aggregate
Intrinsic
Value | | | Outstanding and expected to vest at December 31, 2025 | | | 15,020,604 | | | $ | 12.51 | | | | 6.69 | | | $ | 20,007,758 | | | Granted | | | 25,000 | | | $ | 6.69 | | | | - | | | $ | - | | | Exercised | | | (97,123 | ) | | $ | 1.05 | | | | - | | | $ | - | | | Cancelled | | | (125 | ) | | $ | 6.20 | | | | - | | | $ | - | | | Outstanding at June 30, 2026 | | | 14,948,356 | | | $ | 12.58 | | | | 6.18 | | | $ | 37,022,991 | | | Options exercisable at June 30, 2026 | | | 11,157,446 | | | $ | 16.24 | | | | 5.31 | | | $ | 17,604,100 | |
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| Schedule of Weighted Average fair Value of Options Granted |
The weighted average fair value per share was calculated using the Black-Scholes model with the following specific assumptions: | | | Six Months Ended | | | Year Ended | | | | | June 30, | | | December 31, | | | | | 2026 | | | 2025 | | | Risk free interest rate | | | 4.18 | % | | | 3.85 to 4.16 | % | | Dividend yield | | | 0 | % | | | 0 | % | | Volatility | | | 129 | % | | | 126.4-134.4 | % | | Expected term (in years) | | | 6.25 | | | | 6.25 | |
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| Schedule of Changes in Outstanding Warrants |
A summary of the changes in outstanding equity-warrants during the six months ended June 30, 2026 is as follows: | | | Number of
Shares | | | Weighted
Average
Exercise
Price Per
Share | | | Outstanding Warrants at December 31, 2025 | | | 5,880,085 | | | $ | 2.86 | | | Granted | | | 4,210,527 | | | | 0.001 | | | Exercised | | | (3,765,000 | ) | | | 0.001 | | | Outstanding at June 30, 2026 | | | 6,325,612 | | | $ | 2.66 | | | Warrants Vested at June 30, 2026 | | | 6,325,612 | | | $ | 2.66 | |
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| Schedule of Components of Stock-Based Compensation Expense |
The following table summarizes the components of stock-based compensation expense which includes stock options, and warrants in the unaudited consolidated statements of operations for the three and six months ended June 30, 2026 and 2025 (rounded to nearest $00): | | | Three Months Ended | | | Six Months Ended | | | | | June 30, | | | June 30, | | | | | 2026 | | | 2025 | | | 2026 | | | 2025 | | | Research and development | | $ | 218,500 | | | $ | 168,900 | | | $ | 455,500 | | | $ | 331,000 | | | General and administrative | | | 684,400 | | | | 3,279,500 | | | | 1,403,600 | | | | 6,690,200 | | | Total | | $ | 902,900 | | | $ | 3,448,400 | | | $ | 1,859,100 | | | $ | 7,021,200 | |
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