STOCKHOLDERS’ EQUITY (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Equity [Abstract] |
|
| SCHEDULE OF WARRANT ACTIVITY |
SCHEDULE OF WARRANT ACTIVITY
| | |
Warrants Outstanding | | |
Weighted Average Exercise Price | | |
Weighted Average Remaining Contractual Term
in Years | |
| Balance at January 1, 2026 | |
| 13,086,220 | | |
$ | 1.92 | | |
| 3.78 | |
| Issued | |
| — | | |
| — | | |
| — | |
| Exercised | |
| — | | |
| — | | |
| — | |
| Expired | |
| — | | |
| — | | |
| — | |
| Balance at June 30,
2026 | |
| 13,086,220 | | |
$ | 1.92 | | |
| 3.28 | |
| | |
Warrants Outstanding | | |
Weighted Average Exercise Price | | |
Weighted Average Remaining Contractual Term
in Years | |
| Balance at January 1, 2025 | |
| 6,718,176 | | |
$ | 2.37 | | |
| 4.56 | |
| Issued | |
| 3,644,299 | | |
| 4.04 | | |
| — | |
| Exercised | |
| (219,283 | ) | |
| (1.50 | ) | |
| — | |
| Expired | |
| — | | |
| — | | |
| — | |
| Balance at June 30,
2025 | |
| 10,143,192 | | |
$ | 2.17 | | |
| 4.62 | |
|
| SCHEDULE OF SHARE-BASED PAYMENT AWARD, WARRANTS, VALUATION ASSUMPTIONS |
The
value of warrant grants is calculated using the Warrant Black Scholes calculations with the following assumptions for warrants granted
during the six months ended June 30, 2026 and 2025:
SCHEDULE OF SHARE-BASED PAYMENT AWARD, WARRANTS, VALUATION ASSUMPTIONS
| | |
2026 | | |
2025 | |
| Risk-free interest rate | |
| —%
- — | % | |
| 4.04%-4.09 | % |
| Expected term (in years) | |
| — | | |
| 5
- 6 | |
| Expected volatility | |
| — | % | |
| 95 | % |
| Expected dividend yield | |
| — | | |
| — | |
|
| SCHEDULE OF ACTIVITY AND INFORMATION OF OUTSTANDING AND EXERCISABLE OPTIONS |
The
following table summarizes the activity and information regarding MAIA’s outstanding and exercisable options for the six months
ended June 30, 2026:
SCHEDULE OF ACTIVITY AND INFORMATION OF OUTSTANDING AND EXERCISABLE OPTIONS
| | |
Options Outstanding | | |
Weighted Average Exercise Price | | |
Weighted Average Remaining Contractual Term
in Years | | |
Aggregate Intrinsic Value | |
| Balance at January 1, 2026 | |
| 12,878,381 | | |
$ | 2.19 | | |
| 6.68 | | |
| - | |
| Granted | |
| 4,223,523 | | |
| 1.37 | | |
| | | |
| | |
| Exercised | |
| (21,479 | ) | |
| 1.79 | | |
| | | |
| | |
| Cancelled/forfeited | |
| (400,000 | ) | |
| 1.44 | | |
| | | |
| | |
| Balance at June 30,
2026 | |
| 16,680,425 | | |
$ | 2.00 | | |
| 6.84 | | |
$ | 513,032 | |
| Options exercisable
at June 30, 2026 | |
| 11,219,197 | | |
$ | 2.20 | | |
| 5.60 | | |
$ | 176,297 | |
|
| SCHEDULE OF SHARE-BASED PAYMENT AWARD, STOCK OPTIONS, VALUATION ASSUMPTIONS |
The
value of option grants is calculated using the Black-Scholes-Merton option pricing model with the following assumptions for options granted
during the six months ended June 30, 2026 and 2025:
SCHEDULE OF SHARE-BASED PAYMENT AWARD, STOCK OPTIONS, VALUATION ASSUMPTIONS
| | |
2026 | | |
2025 | |
| Risk-free interest rate | |
| 3.94%
- 4.04 | % | |
| 3.78%
- 4.43 | % |
| Expected term (in years) | |
| 5
– 6.09 | | |
| 5
– 6.08 | |
| Expected volatility | |
| 85 | % | |
| 90%
- 95 | % |
| Expected dividend yield | |
| — | % | |
| — | % |
|
| SCHEDULE OF STOCK BASED COMPENSATION EXPENSE |
Stock
based compensation related to the Company’s stock plans are as follows:
SCHEDULE OF STOCK BASED COMPENSATION EXPENSE
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
For
the Three Months Ended June 30, | | |
For the six Months Ended June
30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| General and administrative | |
$ | 494,221 | | |
$ | 569,875 | | |
$ | 934,957 | | |
$ | 768,733 | |
| Research and development | |
| 229,694 | | |
| 232,609 | | |
| 438,982 | | |
| 405,223 | |
| Total stock-based
compensation | |
$ | 723,915 | | |
$ | 802,484 | | |
$ | 1,373,939 | | |
$ | 1,173,956 | |
|