SHARE-BASED COMPENSATION (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| SCHEDULE OF STOCK VALUATION ASSUMPTIONS |
The
Company uses the Black-Scholes option pricing model to estimate the fair value of the option awards. The table below summarizes the resulting
weighted average inputs used to calculate the estimated fair value of options awarded for the six months ended June 30, 2025. No options
were awarded for the six months ended June 30, 2026.
SCHEDULE OF STOCK VALUATION ASSUMPTIONS
| | |
| Six Months Ended June 30, 2025 | |
| Risk-free interest rate | |
| 3.98 to 4.11 | |
| Expected dividend yield | |
| — | |
| Expected term | |
| 5 years | |
| Expected volatility | |
| 50.92 to 52.84 | |
|
| SCHEDULE OF WARRANTS OUTSTANDING |
For
the six months ended June 30, 2026, warrant activity of the Company are as follows:
SCHEDULE OF WARRANTS OUTSTANDING
| | |
Number of
shares | | |
Weighted
Average
Exercise
Price | | |
Weighted
average
remaining
contractual
life (in years) | | |
Aggregate
Intrinsic
Value | |
| Outstanding at January 1, 2026 | |
| 350,000 | | |
$ | 1.06 | | |
| 6.07 | | |
$ | — | |
| Issued | |
| — | | |
| — | | |
| — | | |
| — | |
| Exercised | |
| — | | |
| — | | |
| — | | |
| — | |
| Expired/Forfeited | |
| — | | |
| — | | |
| — | | |
| — | |
| Outstanding at June 30, 2026 | |
| 350,000 | | |
$ | 1.06 | | |
| 5.57 | | |
$ | — | |
For
the six months ended June 30, 2025, warrant activity of the Company are as follows:
| | |
Number of
shares | | |
Weighted
Average
Exercise
Price | | |
Weighted
average
remaining
contractual
life (in years) | | |
Aggregate
Intrinsic
Value | |
| Outstanding at January 1, 2025 | |
| 350,000 | | |
$ | 1.06 | | |
| 7.07 | | |
$ | — | |
| Issued | |
| — | | |
| — | | |
| — | | |
| — | |
| Exercised | |
| — | | |
| — | | |
| — | | |
| — | |
| Expired/Forfeited | |
| — | | |
| — | | |
| — | | |
| — | |
| Outstanding at June 30, 2025 | |
| 350,000 | | |
$ | 1.06 | | |
| 6.82 | | |
$ | — | |
|
| Time Based Options [Member] |
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| SCHEDULE OF STOCK OPTION ACTIVITY |
For
the six months ended June 30, 2026, stock option activity for time-based options of the Company is as follows:
SCHEDULE OF STOCK OPTION ACTIVITY
| | |
Number of
Time-Based
Share
Options | | |
Weighted
Average
Exercise
Price | | |
Weighted
Average
Remaining
Contractual
Life (in
years) | | |
Aggregate
Intrinsic
Value | |
| Outstanding at January 1, 2026 | |
| 1,159,211 | | |
$ | 1.47 | | |
| 8.05 | | |
$ | 151,318 | |
| Issued | |
| — | | |
| — | | |
| — | | |
| — | |
| Exercised | |
| — | | |
| — | | |
| — | | |
| — | |
| Expired/Forfeited | |
| — | | |
| — | | |
| — | | |
| — | |
| Outstanding at June 30, 2026 | |
| 1,159,211 | | |
$ | 1.47 | | |
| 7.56 | | |
$ | 4,347 | |
| | |
| | | |
| | | |
| | | |
| | |
| Vested and exercisable June 30, 2026 | |
| 681,571 | | |
$ | 1.49 | | |
| 6.89 | | |
$ | 4,347 | |
For
the six months ended June 30, 2025, stock option activity for time-based options of the Company is as follows:
| | |
Number of
Time-Based
Share
Options | | |
Weighted
Average
Exercise
Price | | |
Weighted
Average
Remaining
Contractual
Life (in
years) | | |
Aggregate
Intrinsic
Value | |
| Outstanding at January 1, 2025 | |
| 550,711 | | |
$ | 1.36 | | |
| 7.87 | | |
$ | 7,390 | |
| Issued | |
| 608,500 | | |
| 1.56 | | |
| 9.62 | | |
| 98,879 | |
| Exercised | |
| — | | |
| — | | |
| — | | |
| — | |
| Expired/Forfeited | |
| — | | |
| — | | |
| — | | |
| — | |
| Outstanding at June 30, 2025 | |
| 1,159,211 | | |
$ | 1.47 | | |
| 8.56 | | |
$ | 227,774 | |
| | |
| | | |
| | | |
| | | |
| | |
| Vested and exercisable June 30, 2025 | |
| 349,753 | | |
$ | 1.52 | | |
| 7.04 | | |
$ | 66,515 | |
|
| Performance Based Options [Member] |
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| SCHEDULE OF STOCK OPTION ACTIVITY |
For
the six months ended June 30, 2026, stock option activity for performance-based options of the Company is as follows:
SCHEDULE OF STOCK OPTION ACTIVITY
| | |
Number of
Performance-
Based Share
Options | | |
Weighted
Average
Exercise
Price | | |
Weighted
Average
Remaining
Contractual
Life (in
years) | | |
Aggregate
Intrinsic
Value | |
| Outstanding at January 1, 2026 | |
| 600,000 | | |
$ | 1.06 | | |
| 6.07 | | |
$ | — | |
| Issued | |
| — | | |
| — | | |
| — | | |
| — | |
| Exercised | |
| — | | |
| — | | |
| — | | |
| — | |
| Expired/Forfeited | |
| — | | |
| — | | |
| — | | |
| — | |
| Outstanding at June 30, 2026 | |
| 600,000 | | |
$ | 1.06 | | |
| 5.57 | | |
$ | — | |
| | |
| | | |
| | | |
| | | |
| | |
| Vested and exercisable June 30, 2026 | |
| — | | |
| — | | |
| — | | |
| — | |
For
the six months ended June 30, 2025, stock option activity for performance-based options of the Company are as follows:
| | |
Number of
Performance-
Based Share
Options | | |
Weighted
Average
Exercise
Price | | |
Weighted
Average
Remaining
Contractual
Life (in
years) | | |
Aggregate
Intrinsic
Value | |
| Outstanding at January 1, 2025 | |
| 894,500 | | |
$ | 1.41 | | |
| 8.11 | | |
$ | — | |
| Issued | |
| — | | |
| — | | |
| — | | |
| — | |
| Exercised | |
| — | | |
| — | | |
| — | | |
| — | |
| Expired/Forfeited | |
| (294,500 | ) | |
| (2.13 | ) | |
| (6.70 | ) | |
| — | |
| Outstanding at June 30, 2025 | |
| 600,000 | | |
$ | 1.06 | | |
| 6.57 | | |
$ | — | |
| | |
| | | |
| | | |
| | | |
| | |
| Vested and exercisable June 30, 2025 | |
| — | | |
| — | | |
| — | | |
| — | |
|