v3.26.1
Equity Incentive Plans and Share-Based Payments (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

Options outstanding and exercisable under the employee share option plan as of June 30, 2026 and a summary of option activity during the six months then ended is presented below.

 

   Shares  

Weighted

Average

Exercise Price

  

Weighted

Average

Remaining

Contractual Term

  

Aggregate

Intrinsic

Value (1)

 
Outstanding at December 31, 2025   1,886,718   $2.70    7.46    - 
Granted   815,088   $0.89    -    - 
Exercised   -   $-    -    - 
Canceled or forfeited   (31,338)  $2.49    -    - 
Outstanding at June 30, 2026   2,670,468   $2.15    7.75   $46 
Exercisable at June 30, 2026   712,097   $5.06    6.41   $1 

 

(1) The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying options and the fair value of the common stock for the options that were in the money at June 30, 2026.
Schedule of Restricted Stock Units

 

   Shares   Weighted
Average
Remaining
Contractual Term
   Weighted
Average
Grant Date
Fair Value
 
Unvested balance at December 31, 2025   412,500    -   $0.99 
Awarded   237,500    -   $0.90 
Issued   (225,000)   -   $1.06 
Forfeited   -    -   $- 
Unvested balance at June 30, 2026   425,000    0.91   $0.90