Stock-Based Compensation (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Share-Based Payment Arrangement [Abstract] |
|
| Schedule of Stock-based Compensation Costs |
A
summary of stock-based compensation costs for the three months and six months ended June 30, 2026 and 2025 is as follows:
Schedule
of Stock-based Compensation Costs
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
Three Months
Ended | | |
Six Months
Ended | |
| | |
June
30, | | |
June
30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
| | |
| | |
| | |
| |
| Officers and directors of the
Company | |
| | | |
| | | |
| | | |
| | |
| Fair value of vested options | |
$ | 31,986 | | |
$ | 267,999 | | |
$ | 114,162 | | |
$ | 367,737 | |
Incremental cost related
to cancellation of options and issuance of restricted stock units | |
| 383,186 | | |
| - | | |
| 383,186 | | |
| - | |
| Fair value of vested RSUs | |
| 207,059 | | |
| - | | |
| 207,059 | | |
| - | |
| | |
| | | |
| | | |
| | | |
| | |
| Non-related parties | |
| - | | |
| - | | |
| - | | |
| - | |
| Total stock-based compensation
costs | |
$ | 622,231 | | |
$ | 267,999 | | |
$ | 704,407 | | |
$ | 367,737 | |
|
| Schedule of Restricted Stock Units |
The
following table summarizes the activity of the Company’s RSUs at June 30, 2026:
Schedule
of Restricted Stock Units
| | |
Number of RSUs | | |
Weighted Average Grant Date Fair Value | |
| Non-vested at December 31, 2025 | |
| - | | |
$ | - | |
| Granted | |
| 550,000 | | |
| 3.11 | |
| Vested | |
| (531,250 | ) | |
| 4.53 | |
| Forfeited | |
| - | | |
| - | |
| Non-vested at June 30, 2026 | |
| 18,750 | | |
$ | 6.48 | |
|
| Schedule of Stock Option Activity Including Options Form of Warrants |
A
summary of stock option activity during the six months ended June 30, 2026 is as follows:
Schedule
of Stock Option Activity Including Options Form of Warrants
| | |
Number of
Shares | | |
Weighted
Average
Exercise Price | | |
Weighted
Average
Remaining
Contractual
Life (in Years) | |
| Stock options outstanding at December 31, 2025 | |
| 1,158,059 | | |
$ | 5.033 | | |
| | |
| Granted | |
| — | | |
| — | | |
| | |
| Cancelled | |
| (500,000 | ) | |
| 3.190 | | |
| | |
| Expired | |
| (65,000 | ) | |
| 29.692 | | |
| | |
| Stock options outstanding at June 30, 2026 | |
| 593,059 | | |
$ | 3.8834 | | |
| 2.13 | |
| | |
| | | |
| | | |
| | |
| Stock options exercisable at December 31, 2025 | |
| 1,059,311 | | |
| | | |
| | |
| Stock options exercisable at June 30, 2026 | |
| 578,059 | | |
$ | 3.9607 | | |
| 2.08 | |
|
| Schedule of Exercise Prices of Common Stock Options Outstanding and Exercisable Including Options Form of Warrants |
At
June 30, 2026, the outstanding common stock options, including options issued in the form of warrants, are exercisable at the following
prices per common share:
Schedule of Exercise Prices of Common Stock Options Outstanding and Exercisable Including Options Form of Warrants
| Exercise Prices | | |
Options Outstanding (Shares) | | |
Options Exercisable (Shares) | |
| $ | 0.905 | | |
| 72,648 | | |
| 57,648 | |
| $ | 1.210 | | |
| 32,181 | | |
| 32,181 | |
| $ | 1.870 | | |
| 21,217 | | |
| 21,217 | |
| $ | 1.950 | | |
| 250,000 | | |
| 250,000 | |
| $ | 2.330 | | |
| 16,665 | | |
| 16,665 | |
| $ | 2.370 | | |
| 51,598 | | |
| 51,598 | |
| $ | 2.390 | | |
| 5,000 | | |
| 5,000 | |
| $ | 5.025 | | |
| 8,750 | | |
| 8,750 | |
| $ | 5.880 | | |
| 40,000 | | |
| 40,000 | |
| $ | 7.400 | | |
| 55,000 | | |
| 55,000 | |
| $ | 20.000 | | |
| 20,000 | | |
| 20,000 | |
| $ | 20.600 | | |
| 20,000 | | |
| 20,000 | |
| | | | |
| 593,059 | | |
| 578,059 | |
|