Stockholders’ Equity (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
| Equity [Abstract] |
|
| Schedule of Activity of Warrant |
A
summary of activity of the warrants during the six months ended June 30, 2026 as follows:
Schedule
of Activity of Warrant
| | |
Number of | | |
Weighted average | | |
Average | |
| | |
shares | | |
Exercise Price | | |
Life (years) | |
| Outstanding, December 31, 2025 | |
| 5,380,661 | | |
$ | 2.20 | | |
| 4.52 | |
| Granted | |
| 1,945,792 | | |
| 5.90 | | |
| 5.00 | |
| Granted – pre-funded warrants | |
| 5,425,001 | | |
| 0.0001 | | |
| 5.00 | |
| Exercised – pre-funded warrants | |
| (5,425,001 | ) | |
| 0.0001 | | |
| - | |
| Exercised | |
| (3,742,380 | ) | |
| 1.75 | | |
| - | |
| Outstanding, June 30, 2026 | |
| 3,584,073 | | |
$ | 4.66 | | |
| 4.37 | |
| | |
| | | |
| | | |
| | |
| Exercisable, June 30, 2026 | |
| 3,584,073 | | |
$ | 4.66 | | |
| 4.37 | |
|
| Schedule of Stock Option Expense |
During
the three and six months ended June 30, 2026 and 2025, the Company recognized stock option expense as follows.
Schedule of Stock Option Expense
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
Three Months Ended | | |
Six Months Ended | |
| | |
June 30, | | |
June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Stock option expense (Forfeiture reversal) | |
$ | (45,685 | ) | |
$ | 87,180 | | |
$ | 34,393 | | |
$ | 223,632 | |
|
| Schedule of Activity of Stock Options |
A
summary of activity of the stock options during the six months ended June 30, 2026, is as follows:
Schedule of Activity of Stock Options
| | |
Options Outstanding | | |
Weighted Average | |
| | |
Number of | | |
Weighted Average | | |
Remaining life | |
| | |
Options | | |
Exercise Price | | |
(years) | |
| | |
| | |
| | |
| |
| Outstanding, December 31, 2025 | |
| 329,752 | | |
$ | 4.33 | | |
| 4.01 | |
| Granted | |
| - | | |
| - | | |
| - | |
| Exercised | |
| - | | |
| - | | |
| - | |
| Forfeited/cancelled | |
| (43,109 | ) | |
| 8.73 | | |
| - | |
| Outstanding, June 30, 2026 | |
| 286,643 | | |
$ | 3.67 | | |
| 3.60 | |
| | |
| | | |
| | | |
| | |
| Exercisable options, June 30, 2026 | |
| 129,976 | | |
$ | 5.06 | | |
| 3.18 | |
|
| Schedule of Stock Compensation Expense |
During
the three and six months ended June 30, 2026 and 2025, the Company recognized stock compensation expense related to unvested RSUs as
follows.
Schedule
of Stock Compensation Expense
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
Three Months Ended | | |
Six Months Ended | |
| | |
June 30, | | |
June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| RSU compensation expense | |
$ | 27,803 | | |
$ | 97,268 | | |
$ | 162,852 | | |
$ | 172,946 | |
|
| Schedule of Restricted Stock Activity |
A
summary of activity of the RSUs during the six months ended June 30, 2026, is as follows:
Schedule
of Restricted Stock Activity
| | |
RSUs Outstanding | |
| | |
Number of | | |
Weighted Average | |
| | |
RSUs | | |
Fair value | |
| | |
| | |
| |
| Unvested RSU, December 31, 2025 | |
| 326,425 | | |
$ | 2.09 | |
| Adjustment | |
| 33,880 | | |
| 2.09 | |
| Granted | |
| 3,922 | | |
| 2.55 | |
| Vested | |
| (54,380 | ) | |
| 1.71 | |
| Forfeited/cancelled | |
| (76,900 | ) | |
| 1.95 | |
| Unvested RSU, June 30, 2026 | |
| 232,947 | | |
$ | 2.23 | |
|