v3.26.1
STOCK BASED COMPENSATION
 6 Months Ended
Jun. 30, 2026
Retirement Benefits [Abstract]  
STOCK BASED COMPENSATION

NOTE 5 - STOCK BASED COMPENSATION

 

The table below sets forth option activity for the period:

 

   For the six months ended June 30, 2026 
  

Number of

options

  

Weighted

average exercise

price

 
       in USD 
         
Options outstanding on January 1, 2026   95,257,550   $0.0001 
Options granted during the period   15,000,000   $0.0001 
Options exercised during the period   -   $0.0001 
Options cancelled during the period   (28,864,131)  $0.0001 
Options outstanding at the end of period   81,393,419   $0.0001 
Options exercisable at the end of period   81,393,419      

 

*Includes 6,959,685 options purchased by employees from conversion of debt.

 

For the six months ended June 30, 2026 and 2025, the Company recognized expenses, to such options, in the amount of $159,000 and $6,562, respectively. The expense is non-cash stock-based compensation expense resulting from options awards to the Chief Executive Officer, Chief Financial Officer and advisors. The expense represents the aggregate grant date fair value for the option awards granted and vested during the periods presented, determined in accordance with FASB ASC Topic 718.

 

 

TECHLOTT INC.

NOTES TO THE UNAUDITED FINANCIAL STATEMENTS