v3.26.1
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2026
Stock-Based Compensation [Abstract]  
Schedule of Option Activity

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

 

    Options     Weighted-Average
Exercise Price
per Share (USD)
    Weighted-Average
Remaining
Contractual Term
(Years)
    Aggregate
Intrinsic Value (USD)
 
Outstanding at January 1, 2026     1,942,184     $ 3.26       4.42     $ 8,075,661  
Granted     766,984       4.54       -       -  
Exercised     -       -       -       -  
Cancelled/expired     -       -       -       -  
Outstanding at June 30, 2026     2,709,168     $ 3.62       5.56     $ 10,604,333  
Exercisable at June 30, 2026     1,664,881     $ 2.48       3.14     $ 8,193,326  
Schedule of Assumptions To Estimate Stock Based Compensation Expense

We use the Black-Scholes option pricing model with the following assumptions to estimate the stock-based compensation expense:

 

    Six Months Ended
June 30,
 
    2026     2025  
Risk-free interest rate     3.97% - 4.26 %     4.40% - 4.43 %
Dividend yield     -       -  
Weighted-average expected holding period (years)     5.59       5.62  
Weighted-average volatility     81.70 %     87.39 %
Estimated forfeiture rates for options granted     -       -  
Schedule of RSU Activity

The following table summarizes RSU activity during the six months ended June 2026:

 

    Number of
Shares
    Weighted-Average
Grant-Date Fair
Value Per Share
 
Unvested restricted stock units as of January 1, 2026     40,000     $ 10.00  
Granted     21,882       4.57  
Vested     -       -  
Forfeited     -       -  
Unvested restricted stock units as of June 30, 2026     61,882     $ 8.08  
Schedule of Stock-Based Compensation

Stock-based compensation expense was classified in the condensed consolidated statements of operations as follows:

 

    Three Months Ended
June 30,
    Six Months Ended
June 30,
 
    2026     2025     2026     2025  
General and administrative expense   $ 411,135     $ 47,293     $ 691,967     $ 123,781  
Research and development expense     8,096       -       8,096       -  
    $ 419,231     $ 47,293     $ 700,063     $ 123,781