v3.26.1
Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2026
Stockholders' Equity [Abstract]  
Schedule of Stock Option Activity

A summary of the Company’s stock option activity and related information follows:

 

 

Number of

 

 

Weighted

 

 

Weighted

 

 

Shares

 

 

Average

 

 

Average

 

 

Under

 

 

Exercise

 

 

Contractual

 

 

Options

 

 

Price

 

 

Life

 

Options Outstanding at January 1, 2026

 

 

9,376,716

 

 

$

2.16

 

 

 

6.81

 

Options Granted

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

Expired/Cancelled

 

 

(224,755

)

 

 

2.40

 

 

 

 

Options Outstanding at June 30, 2026

 

 

9,151,961

 

 

$

2.15

 

 

 

6.27

 

Options Exercisable at June 30, 2026

 

 

5,996,620

 

 

$

2.01

 

 

 

6.00

 

Schedule of Fair Value on their Respective Issuance Dates using Tthe Black-Scholes Option Pricing Model As equity-classified instruments, the Representative’s Warrants are not remeasured after initial recognition.

 

 

IPO Closing

 

 

Over-allotment Closing

 

Date of issuance

 

February 23, 2026

 

 

March 26, 2026

 

Warrants issued

 

 

280,000

 

 

 

4,093

 

Exercise price

 

$

7.50

 

 

$

7.50

 

Risk-free rate

 

 

3.59

%

 

 

4.08

%

Volatility

 

 

69

%

 

 

69

%

Aggregate fair value

 

$

918,860

 

 

$

17,182