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

Restricted Stock and RSU activity was as follows:

 

   Service-Based Restricted Stock and RSUs 
   Shares  

Weighted average
grant-date fair

value

 
Nonvested as of January 1, 2026   619,793   $163.47 
Granted   74,000    10.40 
Vested   (53,711)   21.54 
Forfeited   -    - 
Nonvested as of June 30, 2026   640,082   $166.80 

 

   Service-Based Restricted Stock and RSUs 
   Shares  

Weighted average
grant-date fair

value

 
Nonvested as of January 1, 2025   533,805   $177.00 
Granted   201,997    62.50 
Vested   (114,128)   49.00 
Forfeited   -    - 
Nonvested as of June 30, 2025   621,674   $163.00 

 

   Performance-Based RSUs 
   Shares  

Weighted average
grant-date fair

value

 
Nonvested as of January 1, 2026   5,633   $265.67 
Granted   -    - 
Vested   -    - 
Forfeited   -    - 
Nonvested as of June 30, 2026   5,633   $265.67 

 

   Performance-Based RSUs 
   Shares   Weighted average
grant-date fair
value
 
Nonvested as of January 1, 2025   25,792   $185.00 
Granted   -    - 
Vested   (4,186)   171.00 
Forfeited   -    - 
Nonvested as of June 30, 2025   21,606   $188.00 
SCHEDULE OF STOCK-BASED COMPENSATION EXPENSE

The Company recorded stock-based compensation expense in the following expense categories in the accompanying unaudited consolidated statements of operations:

 

   2026   2025 
   Three months ended June 30, 
   2026   2025 
Research and development  $2,136,272   $1,720,666 
General and administrative   1,152,352    1,518,667 
Total  $3,288,624   $3,239,333 

 

   2026   2025 
   Six months ended June 30, 
   2026   2025 
Research and development  $4,021,590   $3,547,013 
General and administrative   2,116,626    6,985,021 
Total  $6,138,216   $10,532,034