v3.26.1
Stockholders’ Equity (Tables)
6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Schedule of Stock Options Activity
The following tables summarize the stock option activity for the six months ended June 30, 2026 and 2025:
Number of
Shares
Weighted-Average
Exercise Price
Weighted-Average
Remaining
Contractual
Term (Years)
Aggregate
Intrinsic
Value
Outstanding at December 31, 2025738,785$3.51 8.3$— 
Granted332,500$0.66 $17,076 
Exercised$— 
Forfeited / canceled(101,951)$2.74 
Outstanding at June 30, 2026969,334$2.62 8.6$17,076 
Vested at June 30, 2026585,972$3.74 7.8$53 
Number of
Shares
Weighted-Average
Exercise Price
Weighted-Average
Remaining
Contractual
Term (Years)
Aggregate
Intrinsic
Value
Outstanding at December 31, 2024832,731$3.96 8.5$— 
Granted211,500$2.19 
Exercised$— 
Forfeited / canceled(105,304)$3.84 
Outstanding at June 30, 2025938,927$3.57 8.3$— 
Vested at June 30, 2025637,226$3.87 7.9$— 
Schedule of Black Scholes Option Pricing Model
The fair value of options granted during the six months ended June 30, 2026 and 2025 was estimated using the Black-Scholes option pricing model based on the assumptions in the table below:
Six Months Ended June 30,
20262025
Expected dividend yield0%0%
Expected volatility
95% - 96%
94% - 96%
Risk-free interest rate3.7%
4.0% - 4.5%
Expected life (in years)
5.5 - 6.0
5.5
Schedule of Nonvested Restricted Stock Units Activity
The following table summarizes the RSU activity for the six months ended June 30, 2026:
Number of
Shares
Weighted-Average
Exercise Price
Weighted-Average
Remaining
Contractual
Term (Years)
Outstanding at December 31, 2025342,030$1.27 1.7
Granted— 
Vested(10,786)1.27 
Forfeited / canceled(27,993)1.27 
Outstanding at June 30, 2026303,251$1.27 1.2
Schedule of Outstanding Warrants
The following table provides details of the Company’s outstanding warrants as of June 30, 2026:
Exercise PriceExpirationNumber of Warrants
$0.00072030274,286
$1.2220365,000
$2.00 - $2.66
2026 - 2032
2,164,179
$3.36 - $4.16
2028 - 2029
1,842,807
$6.51 - $7.80
2026 - 2032
1,466,399
$8.12520281,443,227
7,195,898