v3.26.1
Stock Options (Tables)
 6 Months Ended
Jun. 30, 2026
Stock Options [Abstract]  
Schedule of Weighted-Average Assumptions Used to Estimate the Fair Values of the Stock Options Granted

The following table presents the weighted-average assumptions used to estimate the fair values of the stock options granted by the Company during the six months ended June 30, 2026:

 

 Risk Free Interest Rate     3.8 %
Expected Volatility     89.1 %
Expected Life (in years)     2.4  
Dividend Yield     0 %
Weighted average estimated fair value of options during the period   $ 0.17  
Schedule of Stock Options

The following table summarizes the activities for the Company’s stock options for the six months ended June 30, 2026:

 

    Options Outstanding  
                  Weighted -        
                  Average        
                  Remaining     Aggregate  
            Weighted-     Contractual     Intrinsic  
      Number of     Average     Term     Value  
      Shares     Exercise Price     (in years)     (in 000's) (1)  
Balance, December 31, 2025     11,496,525     $ 0.80       1.9     $ 93  
                                 
Granted     1,410,000       0.70       2.0       -  
Exercised     -       -       -       -  
Expired/Cancelled     (472,500 )     1.05       -       -  
                                 
Balance, June 30, 2026     12,434,025     $ 0.78       1.7     $ 1,149  
                                 
Exercisable at June 30, 2026 and expected to vest thereafter     12,434,025     $ 0.78       1.7     $ 1,149  

 

(1) The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying options and the closing stock price of $0.61 for the Company’s common stock on June 30, 2026.