v3.26.1
Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2026
Stockholders’ Equity [Abstract]  
Schedule of Black-Scholes Pricing Model to Estimate the Fair Value of Options

The following table summarizes the assumptions used in the Black-Scholes pricing model to estimate the fair value of the options granted during the six months ended June 30, 2026:

 

Expected volatility     118.1 %
Expected life of option (in years)     5.2 – 6.2  
Risk free interest rate     4.07 %
Expected dividend yield     0.0 %
Schedule of Stock Option Activity

The following table summarizes stock option activity during the six months ended June 30, 2026:

 

          Weighted  
          Average  
    Number of     Exercise  
    Options     Price  
Stock Options:            
Outstanding at January 1, 2026     687,895     $ 2.41  
Granted during the period     316,000       1.62  
Cancelled/Forfeited, during the period     --       --  
Expired, during the period     (5,345 )     5.00  
Outstanding at June 30, 2026     998,550     $ 2.15  
Exercisable at June 30, 2026     627,550     $ 2.41