v3.26.1
WARRANTS (Tables)
6 Months Ended
Jun. 30, 2026
Warrants  
SCHEDULE OF ROLL-FORWARD OF EQUITY WARRANTS

The following table presents a roll-forward of the Company’s equity warrants from January 1, 2026 to June 30, 2026:

 

   Public Warrants   Underwriters’ Warrants   Pre-Funded Underwriters’ Warrants 
Warrants Outstanding, January 1, 2026   104,695    6,336    500,000 
Exercise of warrants   -    -    (500,000)
Warrants issued   -    -    - 
Warrants Outstanding, June 30, 2026   104,695    6,336    - 
SCHEDULE OF SIGNIFICANT INPUTS OF FAIR VALUE OF WARRANTS

The following table provides the significant inputs to the Black-Scholes method for the fair value of the Investor Warrants issued in the June 2023 Offering:

  

   As of
June 30, 2026
   As of
December 31, 2025
 
Common stock price  $1.96   $3.25 
Exercise price  $180   $180 
Dividend yield   0%   0%
Term   1.98    2.48 
Volatility   158.3%   571.4%
Risk-free rate   3.7%   3.7%
Fair value  $0.213   $3.25 
SCHEDULE OF ROLL FORWARD OF LIABILITY CLASSIFIED WARRANTS

The following table presents a roll-forward of the Company’s warrants from January 1, 2026 to June 30, 2026:

  

   Private
Warrants
   Term Loan
Warrants
   Investor
Warrants
 
Warrants Outstanding, January 1, 2026   16,682    174,215    123,688 
Exercise of warrants   -    (174,215)   - 
Warrants issued   -    -    - 
Warrants Outstanding, June 30, 2026   16,682    -    123,688