STOCKHOLDERS’ EQUITY (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
| Equity [Abstract] |
|
| SCHEDULE OF OUTSTANDING WARRANTS AND STOCK OPTION |
Summary
of Outstanding Warrants as of June 30, 2026
SCHEDULE OF OUTSTANDING WARRANTS AND STOCK OPTION
| | |
Number Outstanding | | |
Exercisable | | |
Weighted Average Remaining Term | | |
Classification | |
| | |
| | |
| | |
| | |
| |
| Instrument: | |
| | | |
| | | |
| | | |
| | |
| Strategic Advisor Warrants | |
| 9,917,844 | | |
| 9,917,844 | | |
| 6.2 | | |
| Equity | |
| Placement Agent Warrants | |
| 3,855,822 | | |
| 3,855,822 | | |
| 4.2 | | |
| Equity | |
| Total outstanding | |
| 13,773,666 | | |
| | | |
| | | |
| | |
|
| SCHEDULE OF CHANGES IN WARRANT ACTIVITY |
The
changes in the warrant activity for the period from January 1, 2026 through June 30, 2026 consisted of the following:
SCHEDULE OF CHANGES
IN WARRANT ACTIVITY
| | |
Number of
Warrants | | |
Weighted-
Average Exercise Price | | |
Weighted-
Average
Remaining Contractual
Term | | |
Aggregate Intrinsic Value | |
| | |
| | |
| | |
| | |
| |
| Outstanding, January 1, 2026 | |
| 20,420,521 | | |
$ | 1.182 | | |
| 6.1 | | |
| 11,492,312 | |
| Granted | |
| - | | |
| - | | |
| - | | |
| - | |
| Exercised | |
| 6,646,855 | | |
| 0.001 | | |
| - | | |
| - | |
| Forfeited / Expired | |
| - | | |
| - | | |
| - | | |
| - | |
| Outstanding and Exercisable, June 30, 2026 | |
| 13,773,666 | | |
$ | 1.750 | | |
| 5.9 | | |
$ | - | |
| Vested and expected to vest, June 30, 2026 | |
| 13,773,666 | | |
$ | 1.750 | | |
| 5.9 | | |
$ | - | |
|
| SCHEDULE OF NONVESTED WARRANTS SUBJECT TO SERVICE-BASED VESTING CONDITIONS |
A
summary of the status of nonvested warrants subject to service-based vesting conditions as of and for the three months ended June 30,
2026 is presented below:
SCHEDULE
OF NONVESTED WARRANTS SUBJECT
TO SERVICE-BASED VESTING CONDITIONS
| | |
Warrant Activity | |
| | |
Number of Units | | |
Weighted-
Average Grant-
Date Fair Value | |
| | |
| | |
| |
| Nonvested, January 1, 2026 | |
| 9,917,844 | | |
$ | 1.752 | |
| Granted | |
| - | | |
| - | |
| Vested | |
| (9,917,844 | ) | |
| (1.752 | ) |
| Forfeited | |
| - | | |
| - | |
| Nonvested, June 30, 2026 | |
| - | | |
$ | - | |
|
| SCHEDULE OF CHANGES IN STOCK OPTION |
The
changes in the stock option activity for the period from January 1, 2026 through June 30, 2026 consisted of the following:
SCHEDULE
OF CHANGES IN STOCK OPTION
| | |
Number of Options | | |
Weighted-
Average Exercise Price | | |
Weighted-
Average
Remaining
Contractual
Term | | |
Aggregate Intrinsic Value | |
| | |
| | |
| | |
| | |
| |
| Outstanding, January 1, 2026 | |
| - | | |
$ | - | | |
| - | | |
| - | |
| Granted | |
| 6,500,000 | | |
| 1.01 | | |
| 10.0 | | |
| - | |
| Exercised | |
| - | | |
| - | | |
| - | | |
| - | |
| Forfeited / Expired | |
| - | | |
| - | | |
| - | | |
| - | |
| Outstanding, June 30, 2026 | |
| 6,500,000 | | |
$ | 1.01 | | |
| 9.8 | | |
$ | - | |
| Exercisable, June 30, 2026 | |
| - | | |
$ | - | | |
| - | | |
$ | - | |
| Vested and expected to vest, June 30, 2026 | |
| 6,500,000 | | |
$ | 1.01 | | |
| 9.8 | | |
$ | - | |
|
| SCHEDULE OF NON-VESTED STOCK UNIT ACTIVITY |
SCHEDULE
OF NON-VESTED STOCK UNIT ACTIVITY
| | |
Stock Option Activity | |
| | |
Number of Units | | |
Weighted-
Average Grant-
Date Fair Value | |
| | |
| | |
| |
| Nonvested, January 1, 2026 | |
| - | | |
$ | - | |
| Granted | |
| 6,500,000 | | |
| 1.01 | |
| Vested | |
| - | | |
| - | |
| Forfeited | |
| - | | |
| - | |
| Nonvested, June 30, 2026 | |
| 6,500,000 | | |
$ | 1.01 | |
|
| SCHEDULE OF RESTRICTED STOCK UNIT ACTIVITY |
SCHEDULE OF RESTRICTED STOCK UNIT ACTIVITY
| | |
Restricted Stock Unit Activity | |
| | |
Number of Units | | |
Weighted-
Average Grant-
Date Fair Value | |
| | |
| | |
| |
| Nonvested, January 1, 2026 | |
| 400,000 | | |
$ | 1.46 | |
| Granted | |
| - | | |
| - | |
| Vested | |
| (400,000 | ) | |
| 1.46 | |
| Forfeited | |
| - | | |
| - | |
| Nonvested, June 30, 2026 | |
| - | | |
$ | - | |
|
| SCHEDULE OF DISAGGREGATED BREAKDOWN OF STOCK COMPENSATION EXPENSE |
SCHEDULE OF DISAGGREGATED BREAKDOWN OF STOCK COMPENSATION EXPENSE
| | |
Fair Value | | |
Prior Expensed | | |
For the Six Months Ended
June
30, 2026 | | |
Unrecognized Expense | |
| | |
| | |
| | |
| | |
| |
| Instrument: | |
| | | |
| | | |
| | | |
| | |
| Strategic Advisor Warrants | |
$ | 11,533,125 | | |
$ | 7,688,800 | | |
$ | 3,844,325 | | |
$ | - | |
| Restricted Stock | |
| 1,250,000 | | |
| 416,667 | | |
| 833,333 | | |
| - | |
| Stock Options – Former Chairman of Board* | |
| - | | |
| 273,299 | | |
| (273,299 | ) | |
| - | |
| Restricted Stock Units | |
| 584,000 | | |
| 389,333 | | |
| 194,667 | | |
| - | |
| Stock Issuance | |
| 623,000 | | |
| - | | |
| 623,000 | | |
| - | |
| Stock Options | |
| 4,139,717 | | |
| - | | |
| 275,981 | | |
| 3,863,736 | |
| Total | |
$ | 18,129,842 | | |
$ | 8,768,099 | | |
$ | 5,498,007 | | |
$ | 3,863,736 | |
|