v3.26.1
STOCKHOLDERS’ EQUITY (Tables)
6 Months Ended
Jun. 30, 2026
Accumulated Other Comprehensive Income (Loss) [Line Items]  
SCHEDULE OF PREFERRED STOCK ISSUED AND OUTSTANDING

Issuances of Preferred Stock in the period January 1 and June 30, 2025

 

Date     # Shares     Amount     Price/Share     Type   Notice  
1/01/2025       43,158,248     $ 4,408,582     $ 0.102            
1/10/2025 b     (150,000 )     (750 )     0.005     Stock conversion   affiliate  
3/31/2025             214,780           Payroll forfeiture*   affiliate  
See Note 12 d     421,391       153,342       0.364     2021 Stock Plan   affiliate  
6/30/2025       43,429,639     $ 4,774,544     $ 0.110            

 

There has been no issuance of Preferred Stock in the period January 1 and June 30, 2026

 

Date     # Shares     Amount     Price/Share     Type   Notice  
6/30/2026       43,283,991     $ 4,748,150     $ 0.110            

 

* The transaction originating from the Company’s Officers forfeiting $578,959 of accrued payroll in the first quarter of 2025.
SCHEDULE OF COMMON STOCK ISSUED AND OUTSTANDING

Issuances of Common Stock in the period January 1 and June 30, 2025

 

Date     # Shares     Amount     Price/Share     Type   Notice  
1/01/2025       86,782,908     $ 12,722,039     $ 0.147            
1/10/2025 d     750,000       750       0.001     Stock conversion      
see Note 12 d     1,409,335       106,754       0.073     2021 Stock Plan      
b       88,942,243     $ 12,829,543     $ 0.144            

 

Issuances of Common Stock in the period January 1 and June 30, 2026

 

Date     # Shares     Amount     Price/Share     Type   Notice  
1/01/2026       108,147,731     $ 13,607,433     $ 0.126            
1/23/2026 a *   4,716,000       145,701       0.031     private placement      
1/23/2026 a *         95,339           warrants      
1/10/2026 c     75,000       5,550       0.074     consulting fees      
2/10/2026 c     239,155       10,723       0.046     consulting fees      
3/10/2026 c     184,000       8,150       0.044     consulting fees      
5/08/2026 a   1,333,334       45,453       0.040     private placement      
5/08/2026 a           28,147           warrants      
6/30/2026       114,695,220     $ 13,946,496     $ 0.122            

 

Common Shares due, but not yet issued in accordance with service contract at June 30, 2026:

 

Date     # Shares     Amount     Price/Share     Type   Notice  
1/01/2026 a     75,000     $ 4,883     $ 0.065     consulting fees      
5/08/2026 a   106,667                 commission      
6/30/2026 a     661,770       22,593       0.034     consulting fees      
6/30/2026       843,437     $ 27,476     $ 0.033            

 

* Around January 23, 2026, the Company proposed a private placement offering investors to purchase shares and warrants issued together as a unit; however, each warrant is detachable and separately exercisable to purchase one share of Common Stock. The average price was $0.06 per unit, less a broker (Member FINRA / SIPC) fee consisting of 8% cash commission and 8% bonus shares. The Company raised a total of $241,040 (after $20,960 cash commission) and issued 4,716,000 shares of Common Stock (after 349,333 bonus shares), as well as 4,366,667 5-year warrants exercisable to buy Common Stock at $0.12 per share. The net received by the Company was $0.053 per unit.
Around May 8, 2026, the Company proposed a private placement offering investors to purchase shares and warrants issued together as a unit; however, each warrant is detachable and separately exercisable to purchase one share of Common Stock. The average price was $0.06 per unit, less a broker (Member FINRA / SIPC) fee consisting of 8% cash commission and 8% bonus shares. The Company raised a total of $73,600 (after $6,400 cash commission) and issued 1,440,001 shares of Common Stock (after 106,667 bonus shares), as well as 1,333,334 5-year warrants exercisable to buy Common Stock at $0.12 per share. The net received by the Company was $0.053 per unit.
a The Company claims an exemption from the registration requirements of the Securities Act for the private placement of these securities pursuant to Section 4(a)(2) of the Securities Act and/or Rule 506 of Regulation D promulgated under the Securities Act.
b The Company claims an exemption from the registration requirements of the Securities Act pursuant to the exchange exemption under Rule 144 of the Securities Act.
c The Company claims an exemption from the registration requirements of the Securities Act pursuant to the exchange exemption in Rule 3(a)(9) of the Securities Act.
d The Company claims an exemption from the registration requirements of the Securities Act for the compensatory benefit plan pursuant to Rule 701 of the Securities Act.
SCHEDULE OF STOCK WARRANTS VALUATION ASSUMPTIONS

The fair value of Common Stock warrants granted for the six months ended June 30, 2026, and June 30, 2025 was calculated with the following assumptions:

 

    June 30, 2026     June 30, 2025  
Risk-free interest rate     3.924.02 %     3.964.61 %
Expected dividend yield     0 %     0 %
Volatility factor (monthly)     118.17 %     127.02 %
Expected life of warrant     5 years       5 years  
SCHEDULE OF WARRANT OUTSTANDING AND EXERCISABLE WARRANTS

The following table summarizes information about stock warrants that are vested or expected to vest at June 30, 2026, with a market price of $0.045 at June 30, 2026:

 

            Warrants Outstanding and Exercisable        
Exercise Price     Number of Warrants    

Weighted Average

Exercise Price

Per Share

   

Weighted Average

Remaining

Contractual Life

(Years)

   

Aggregate Intrinsic

Value

 
$ 0.12       21,083,335     $ 0.12       4.7     $  
  0.20-0.25       1,264,030       0.23       1.7        
  0.47       28,000       0.47       1.4        
$ 0.12-0.47       22,375,365     $ 0.13       4.3     $  
Common Stock [Member]  
Accumulated Other Comprehensive Income (Loss) [Line Items]  
SCHEDULE OF COMMON STOCK WARRANT ACTIVITY

The following table summarizes the Company’s Common Stock warrant activity for the six months ended June 30, 2026, and 2025:

 

    

Number of

Warrants *

  

Weighted Average

Exercise Price

  

Weighted Average

Remaining

Expected Term

 
Outstanding as at January 1, 2025     1,292,030   $0.22    2.6 
Granted              
Exercised              
Forfeited/Cancelled              
Outstanding as at June 30, 2025     1,292,030   $0.22    2.7 
                  
Outstanding as at January 1, 2026     16,675,364   $0.13    4.6 
Granted     5,700,001    0.12    5.0 
Exercised              
Forfeited/Cancelled              
Outstanding as at June 30, 2026     22,375,365   $0.13    4.3