v3.26.1
STOCK OPTION PLANS (Tables)
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement, Option [Member] | Share-Based Payment Arrangement, Employee [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
SCHEDULE OF STOCK OPTION ACTIVITY

A summary of option activity for employees under the plans and changes during the six months ended June 30, 2026 is presented below:

 

   Number of Options   Weighted Averaged Exercise Price $   Weighted Average Remaining Contractual Life (Years)   Aggregate Intrinsic Options Value $ 
Options outstanding at January 1, 2026   6,032,175    1.15    8.13    - 
Granted during 2026(1)   4,000,000    0.27    -    - 
Forfeited or expired during 2026(1)   (4,032,175)   0.50    -    - 
Options outstanding June 30, 2026   6,000,000    1.00    8.15    200,000 
Exercisable, June 30, 2026   3,000,000    1.73    6.48    50,000 

 

(1)Includes 4,000,000 stock options exchanged pursuant to the Exchange Program

 

 

A summary of option activity for non-employees under the plans and changes during the six months ended June 30, 2026 is presented below:

 

   Number of Options   Weighted Averaged Exercise Price $   Weighted Average Remaining Contractual Life (Years)   Aggregate Intrinsic Options Value $ 
Options outstanding at January 1, 2026   83,330    1.59    2.40    - 
Forfeited or expired during 2026   (16,666)   3.94    -    - 
Options outstanding June 30, 2026   66,664    1.00    2.45    - 
Exercisable, June 30, 2026   49,994    1.02    2.10    - 
Share-Based Payment Arrangement, Option [Member] | Share-Based Payment Arrangement, Nonemployee [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
SCHEDULE OF STOCK OPTION ACTIVITY

A summary of option activity for non-employees under the plans and changes during the six months ended June 30, 2026 is presented below:

 

   Number of Options   Weighted Averaged Exercise Price $   Weighted Average Remaining Contractual Life (Years)   Aggregate Intrinsic Options Value $ 
Options outstanding at January 1, 2026   83,330    1.59    2.40    - 
Forfeited or expired during 2026   (16,666)   3.94    -    - 
Options outstanding June 30, 2026   66,664    1.00    2.45    - 
Exercisable, June 30, 2026   49,994    1.02    2.10    - 
Restricted Stock [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
SCHEDULE OF RESTRICTED STOCK

 

   Number of Shares  

Weighted Average

Grant-Date Fair

Value per Award

 
Non-vested as January 1, 2026   -    - 
Granted   681,818    0.33 
Vested   (340,910)   0.33 
Non-vested as June 30, 2026   340,908    0.33