v3.26.1
STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
SCHEDULE OF STOCK OPTIONS OUTSTANDING

The fair value of each option award is estimated on the date of grant using a Black-Scholes option valuation model. Activity in the various Plans during the six months ended June 30, 2026 and 2025 is reflected in the following table:

 

Options  Number of
Shares
   Weighted
Average
Exercise Price
 
Outstanding at January 1, 2026   9   $1,354,200 
Granted   25,000    10.20 
Exercised        
Forfeited   (9)   (1,354,200)
Outstanding at June 30, 2026   25,000   $10.20 
Exercisable at June 30, 2026      $ 

 

Options  Number of
Shares
   Weighted
Average
Exercise Price
 
Outstanding at January 1, 2025   9   $1,354,200 
Granted        
Exercised        
Forfeited        
Outstanding at June 30, 2025   9   $1,354,200 
Exercisable at June 30, 2025   9   $1,354,200 
SCHEDULE OF STOCK BASED COMPENSATION VALUATION ASSUMPTIONS

 

Volatility – range   149.3%
Risk-free rate   3.85%
Dividend   %
Contractual term   10.0 years 
Exercise price  $10.20 
Common stock issuable under the options   25,000 
SCHEDULE OF SHARES AUTHORIZED UNDER STOCK OPTION PLANS BY EXERCISE PRICE RANGE

The following table summarizes the range of exercise prices and weighted average remaining contractual life for outstanding and exercisable options under the Company’s option plans as of June 30, 2026:

 

    Outstanding
options
   Weighted average  Exercisable
options
   Weighted average
Exercise price
range
   Number of
options
   remaining
contractual life
  Number of
options
   remaining
contractual life
                
$10.20    25,000   9.6 years      — years
                   
 Total    25,000   9.6 years      — years
SCHEDULE OF RESTRICTED STOCK ACTIVITY

A summary of all restricted stock activity under the equity compensation plans for the three months ended June 30, 2026 and 2025 is as follows:

 

   Number of
Restricted
shares
   Weighted
average
grant date
fair value
 
Nonvested balance, January 1, 2026   10    59,035 
Granted        
Vested   (3)   (54,650)
Forfeited        
Nonvested balance, June 30, 2026   7    12,183 

 

   Number of
Restricted
shares
   Weighted
average
grant date
fair value
 
Nonvested balance, January 1, 2025   15   $164,400 
Granted        
Vested   (5)   (105,900)
Forfeited        
Nonvested balance, June 30, 2025   10   $280,800 
SCHEDULE OF NON-VESTED BALANCE OF RESTRICTED STOCK

The nonvested balance of restricted stock vests as follows:

 

Years ended  Number of
shares
 
     
2026 (July 1, 2026 to December 31, 2026)   2 
2027   3 
2028   2 
2029    
2030