SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Accounting Policies [Abstract] |
|
| SCHEDULE OF CHANGES IN DEFERRED REVENUE |
Changes
in deferred revenue were as follows:
SCHEDULE
OF CHANGES IN DEFERRED REVENUE
| | |
2026 | | |
2025 | |
| | |
Six Months Ended June 30, | |
| | |
2026 | | |
2025 | |
| Beginning balance | |
$ | 1,058,398 | | |
$ | 1,449,718 | |
| Additions to deferred revenue | |
| 1,413,632 | | |
| 1,618,701 | |
| Recognition of deferred revenue | |
| (1,529,508 | ) | |
| (2,092,473 | ) |
| Ending balance | |
$ | 942,522 | | |
$ | 975,946 | |
|
| SCHEDULE OF BASIC AND DILUTED NET LOSS PER SHARE |
The
following is a reconciliation of the numerators and denominators of the basic and diluted net loss per share computations for the periods
presented:
SCHEDULE
OF BASIC AND DILUTED NET LOSS PER SHARE
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
Three Months Ended June 30, | | |
Six Months Ended June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Numerator: | |
| | | |
| | | |
| | | |
| | |
| Add: Adjustment of Series B Preferred Stock to redemption value | |
| - | | |
| - | | |
| 14,200 | | |
| - | |
| Less: Deemed dividend related to Series B Preferred Stock | |
| - | | |
| - | | |
| (37,579 | ) | |
| - | |
| Net loss attributable to common stockholders | |
$ | (1,612,705 | ) | |
$ | (3,009,921 | ) | |
$ | (3,224,990 | ) | |
$ | (8,389,525 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Denominator: | |
| | | |
| | | |
| | | |
| | |
| Weighted-average shares outstanding – basic & diluted | |
| 45,353,001 | | |
| 31,834,324 | | |
| 45,267,824 | | |
| 23,084,015 | |
| | |
| | | |
| | | |
| | | |
| | |
| Net loss per share – basic & diluted: | |
$ | (0.04 | ) | |
$ | (0.09 | ) | |
$ | (0.07 | ) | |
$ | (0.36 | ) |
|
| SUMMARY OF SECURITIES EXCLUDED FROM DILUTED PER SHARE |
The
following potentially dilutive securities were excluded from the computation of diluted net loss per common share because their inclusion
would have been anti-dilutive:
SUMMARY OF SECURITIES EXCLUDED FROM DILUTED PER SHARE
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
Three Months Ended June 30, | | |
Six Months Ended June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Stock options | |
| 3,672,080 | | |
| 4,342,493 | | |
| 3,672,080 | | |
| 4,342,493 | |
| Restricted stock units | |
| 862,500 | | |
| 1,550,000 | | |
| 862,500 | | |
| 1,550,000 | |
| Warrants | |
| 5,031,281 | | |
| 6,394,614 | | |
| 5,031,281 | | |
| 6,394,614 | |
| Convertible notes payable | |
| - | | |
| 909,394 | | |
| - | | |
| 909,394 | |
| Total | |
| 9,565,861 | | |
| 13,196,501 | | |
| 9,565,861 | | |
| 13,196,501 | |
|