Stockholder Equity (Tables)
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6 Months Ended |
Jun. 30, 2026 |
| Stockholder Equity |
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| Schedule of stock based compensation related to stock option and RSU expected to vest present in operations |
| | Three Months Ended | | | Six Months Ended | | | | June 30, 2026 | | | June 30, 2025 | | | June 30, 2026 | | | June 30, 2025 | | Research and development | | $ | 43,862 | | | $ | 64,837 | | | $ | 82,497 | | | $ | 128,640 | | Compensation and related expenses | | | 566,059 | | | | 484,242 | | | | 1,707,613 | | | | 1,129,902 | | General and administrative expenses | | | - | | | | - | | | | 147,237 | | | | - | | Total expense | | $ | 609,921 | | | $ | 549,079 | | | $ | 1,937,347 | | | $ | 1,258,542 | |
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| Schedule of stock option activity |
| | | | | | | | | | | Weighted | | | | | | | Weighted | | | | | | Average | | | | | | | Average | | | Aggregate | | | Remaining | | | | | | | Exercise | | | Intrinsic | | | Contractual | | | | Shares | | | Price | | | Value | | | Life (Years) | | Options outstanding at December 31, 2025 | | | 1,708,637 | * | | $ | 6.88 | | | $ | 272,680 | | | | 7.28 | | Granted | | | - | | | | - | | | | - | | | | - | | Exercised | | | (300,000 | ) | | | 1.13 | | | | - | | | | - | | Expired/forfeit | | | (340,395 | ) | | | 9.06 | | | | - | | | | - | | Options outstanding at March 31, 2026 | | | 1,068,242 | | | $ | 7.80 | | | $ | 14,280 | | | | 8.36 | | Granted | | | 683,921 | | | | 2.43 | | | | - | | | | - | | Exercised | | | (38,921 | ) | | | 1.20 | | | | - | | | | - | | Expired/forfeit | | | (44,609 | ) | | | 12.09 | | | | - | | | | - | | Options outstanding at June 30, 2026 | | | 1,668,633 | | | $ | 5.61 | | | $ | - | | | | 8.80 | | Options exercisable at June 30, 2026 | | | 795,562 | * | | $ | 8.00 | | | $ | - | | | | 7.99 | |
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| Schedule of stock option assumptions |
| | June 30, | | | June 30, | | | | 2026 | | | 2025 | | Expected volatility | | 96.48- 109.66 | % | | 67.81- 71.56 | % | Expected term (years) | | 5.00 - 6.00 | | | | 6.25 | | Risk-free rate | | 3.94 - 4.35 | % | | 4.00 - 4.51 | % | Dividend rate | | | 0 | % | | | 0 | % |
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| Schedule of outstanding Unvested restricted stock |
| | | | | Weighted-Average | | | | | | | Grant Date | | | | Amount | | | Fair Value | | Unvested, December 31, 2025 | | | 593,487 | | | $ | 5.02 | | Vested | | | (166,221 | ) | | | 5.45 | | Forfeited | | | (153,545 | ) | | | 5.35 | | Unvested, March 31, 2026 | | | 273,721 | | | $ | 4.58 | | Granted | | | 175,000 | | | | 2.87 | | Vested | | | (76,802 | ) | | | 3.36 | | Forfeited | | | (444 | ) | | | 6.20 | | Unvested, June 30, 2026 | | | 371,475 | | | $ | 4.03 | |
| | | | | Weighted-Average | | | | | | | Grant Date | | | | Amount | | | Fair Value | | Unvested, December 31, 2025 | | | 271,809 | | | $ | 5.22 | | Forfeited | | | (129,914 | ) | | | 6.04 | | Unvested, March 31, 2026 | | | 141,895 | | | $ | 4.48 | | Unvested, June 30, 2026 | | | 141,895 | | | $ | 4.48 | |
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| Schedule of warrant activity |
| | | | | | | | | | | Weighted- | | | | | | | Weighted- | | | | | | Average | | | | | | | Average | | | Aggregate | | | Remaining | | | | | | | Exercise | | | Intrinsic | | | Contractual | | | | Shares | | | Price | | | Value | | | Life (Years) | | Warrants outstanding at December 31, 2025 | | | 877,524 | | | $ | 2.06 | | | $ | 90,917 | | | | 3.88 | | Granted | | | 160,000 | | | | 7.50 | | | | - | | | | - | | Expired/forfeit | | | - | | | | - | | | | - | | | | - | | Warrants outstanding at March 31, 2026 | | | 1,037,524 | | | $ | 2.90 | | | $ | 784,936 | | | | 3.53 | | Granted | | | 520,000 | | | | 4.50 | | | | - | | | | - | | Additional warrants due to Modification (Note 5) | | | 306,667 | | | | 4.50 | | | | - | | | | - | | Expired/forfeit | | | - | | | | - | | | | - | | | | - | | Warrants outstanding at June 30, 2026 | | | 1,864,191 | | | $ | 3.35 | * | | $ | - | | | | 3.16 | | Warrants exercisable at June 30, 2026 | | | 1,864,191 | | | $ | 3.35 | * | | $ | - | | | | 3.16 | |
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