v3.26.1
STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Schedule of Stock-Based Compensation Expense

Total stock-based compensation expense recognized in the Company’s condensed consolidated statements of operations and comprehensive loss is classified as follows:

 

 

Three Months Ended
June 30,

 

 

Six months ended June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Cost of revenue

 

$

 

 

$

 

 

$

 

 

$

105,734

 

Research and development

 

 

 

 

 

 

 

 

 

 

 

93,425

 

Selling and marketing

 

 

191,375

 

 

 

6,381

 

 

 

382,750

 

 

 

202,869

 

General and administrative

 

 

9,755

 

 

 

291,101

 

 

 

20,941

 

 

 

392,618

 

Total stock-based compensation expense

 

$

201,130

 

 

$

297,482

 

 

$

403,691

 

 

$

794,646

 

Summary of Stock Options Activity

The following table shows a summary of the Company's stock option activity for the six months ended June 30, 2026:

 

 

Number of Stock Options Outstanding

 

 

Weighted-Average Exercise Price

 

 

Weighted-Average Remaining Contractual Life (Years)

 

 

Aggregate Intrinsic Value

 

Options outstanding at December 31, 2025

 

 

50,968

 

 

$

4.80

 

 

 

9.5

 

 

$

4,306.53

 

Options cancelled or forfeited

 

 

(1,187

)

 

$

113.77

 

 

 

 

 

 

 

Options outstanding at June 30, 2026

 

 

49,781

 

 

$

2.20

 

 

 

9.2

 

 

$

 

Options exercisable at June 30, 2026

 

 

37,330

 

 

$

2.63

 

 

 

9.2

 

 

$

 

Options vested and expected to vest at June 30, 2026

 

 

49,781

 

 

$

2.20

 

 

 

9.2

 

 

$

 

Consultant Awards [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Assumptions Utilized for Option Grants

The Company determined the fair value using a Monte Carlo simulation based approach, a Level 3 valuation, with the following assumptions:

 

 

Six months ended June 30,

 

 

2026

Stock Price

$

$0.1281 - $0.2100

Expected term (in years)

 

0.50 - 0.90

Expected volatility

 

154.0% - 168.0%

Risk-free interest rate

 

3.4% - 3.9%

Expected dividend yield

 

0.0%

Lyocon Acquisition Awards [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Assumptions Utilized for Option Grants

The Company determined the fair value using a Monte Carlo simulation based approach, a Level 3 valuation, with the following assumptions:

 

 

Six months ended June 30,

 

 

2026

Stock Price

$

$0.1281 - $0.1837

Expected term (in years)

 

0.50 - 1.00

Expected volatility

 

154.0% - 175.0%

Risk-free interest rate

 

3.5% - 3.9%

Expected dividend yield

 

0.0%