v3.26.1
WARRANTS (Tables)
6 Months Ended
Jun. 30, 2026
Warrants  
SCHEDULE OF WARRANTS ACTIVITY

The following table summarizes warrant activity through June 30, 2026:

 

   Warrants Issued  

Weighted-Average

Exercise Price

 
         
Warrants outstanding – December 31, 2024 (audited)   1,650,000   $1.10 
Granted   250,000    3.12 
Canceled and expired   (100,000)   3.20 
Exercised   -    - 
Warrants outstanding – December 31, 2025 (audited)   1,800,000   $2.85 
Granted   150,000    3.00 
Canceled and expired   -    - 
Exercised   -    - 
Warrants outstanding – June 30, 2026   1,950,000   $2.86 
SCHEDULE OF WARRANTS OUTSTANDING

Additional information regarding the warrants outstanding as of June 30, 2026 is as follows:

 

Exercise Price  

Number

Outstanding

  

Weighted Average

Remaining

Contractual Life

  

Number

Exercisable

 
$1.10    150,000    2.1 Years    150,000 
$3.20    50,000    2.5 years    50,000 
$3.00    1,750,000    7.9 Years    1,287,499 
      1,950,000         1,487,499 
SCHEDULE OF WARRANTS FAIR VALUE ASSUMPTIONS

The fair value of such warrants was estimated on the date of grant to be $1.16 - $1.19 per share using the Black-Scholes option-pricing model with the following assumption weighted-averages in 2026 and 2025:

 

    2026    

2025

 
Risk-free interest rates     4.08 %    4.12 - 4.32%
Expected life in years    

3.0

     3.0 
Expected volatility    

90

%    90%
Expected dividend yield    

0

%    0%
Fair value common stock   $

2.25

    $2.25