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:
SCHEDULE OF OUTSTANDING WARRANTS AND CHANGES
| | |
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:
SCHEDULE OF BLACK-SCHOLES OPTION PRICING MODEL TO WARRANTS GRANTED ASSUMPTION
| | |
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:
SCHEDULE OF STOCK OPTION ACTIVITY
| |
|
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:
SCHEDULE OF WEIGHTED AVERAGE ASSUMPTIONS OF OPTIONS
| | |
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 | |
| - | | |
| - | |
|