v3.26.1
STOCKHOLDERS’ EQUITY (Tables)
6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
SCHEDULE OF OUTSTANDING WARRANTS AND CHANGES

A summary of the status of the Company’s total outstanding warrants and changes during the six months ended June 30, 2026 and 2025 are as follows:

 

   Number of
Warrants
   Weighted
Average
Exercise
Price
   Weighted
Average
Remaining
Contractual
Term (Years)
   Aggregate
Intrinsic
Value (1)
 
Balance Outstanding on December 31, 2025   2,135,688   $5.88    2.6   $114,424 
Issued   -    -    -    - 
Balance Outstanding on June 30, 2026   2,135,688   $5.88    2.1   $128,821 
Exercisable, June 30, 2026   2,135,688   $5.88    2.1   $128,821 

 

(1) The aggregate intrinsic value on June 30, 2026 and December 31, 2025 was calculated based on the Nasdaq’s market close on June 30, 2026 and December 31, 2025, respectively and the exercise price of the underlying warrants.

 

   Number of
Warrants
   Weighted
Average
Exercise
Price
   Weighted
Average
Remaining
Contractual
Term (Years)
   Aggregate
Intrinsic
Value (1)
 
Balance Outstanding on December 31, 2024   125,531   $4.09    3.26   $90,952 
Issued   525,835    2.96    2.90    - 
Balance Outstanding on June 30, 2025   651,366   $3.18    2.88   $- 
Exercisable, June 30, 2025   638,866   $3.16    2.93   $- 

 

(1) The aggregate intrinsic value on June 30, 2025 and December 31, 2024 was calculated based on the Nasdaq’s market close on June 30, 2025 and December 31, 2024, respectively and the exercise price of the underlying the warrants.
SCHEDULE OF BLACK-SCHOLES OPTION PRICING MODEL TO WARRANTS GRANTED ASSUMPTION

The Company did not grant any warrants during the six months ended June 30, 2026. The warrants granted during the six months ended June 30, 2025 were valued using the Black-Scholes option pricing model using the following weighted average assumptions:

 

   June 30, 2026   June 30, 2025 
Expected term, in years   -    5.0 
Expected volatility   -    54.41%
Risk-free interest rate   -    4.01%
Dividend yield   -    0.00%
SCHEDULE OF STOCK OPTION ACTIVITY

A summary of the Company’s stock option activity during the six months ended June 30, 2026 and 2025 is as follows:

 

    Shares
Underlying
Options
    Weighted
Average
Exercise Price
    Weighted
Average
Contractual
Life (Years)
    Intrinsic
Value
 
Outstanding at December 31, 2025     2,263,752     $ 4.86       4.66     $ 527,452  
Granted     3,235,000       4.54       4.86       -  
Forfeited     (288,000 )     7.49       -       -  
Exercised     (5,000 )     3.40       -       -  
Outstanding at June 30, 2026     5,205,752     $ 4.52       4.60     $ 1,033,463  
                                 
Exercisable at June 30, 2026     1,978,252     $ 3.77       4.28     $ 535,463  

 

    Shares
Underlying
Options
    Weighted
Average
Exercise Price
    Weighted
Average Contractual
Life (Years)
    Intrinsic
Value
 
Outstanding at December 31, 2024     322,500     $ 3.40       4.97     $ 138,675  
Granted     350,000       7.36       4.67       -  
Forfeited     -       -       -       -  
Exercised     -       -       -       -  
Outstanding at June 30, 2025     672,500     $ 5.46       4.57     $ -  
                                 
Exercisable at June 30, 2025     236,250     $ 3.91       4.53     $ -  
SCHEDULE OF WEIGHTED AVERAGE ASSUMPTIONS OF OPTIONS

The options granted during the six months ended June 30, 2026 and 2025 were valued using the Black-Scholes option pricing model using the following weighted average assumptions:

 

   June 30, 2026   June 30, 2025 
Expected term, in years   3.2    5.0 
Expected volatility   50.24%   55.79%
Risk-free interest rate   4.02%   4.09%
Dividend yield   -    -