Summary of Significant Accounting Policies (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Summary of Significant Accounting Policies [Abstract] |
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| Schedule of Financial Assets and Liabilities Based on Fair Value Measurement |
Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. | | | Fair value measurements at reporting date using: | | | | | Fair value | | | Quoted prices in active markets for identical liabilities
(Level 1) | | | Significant other observable inputs
(Level 2) | | | Significant unobservable inputs
(Level 3) | | | Assets: | | | | | | | | | | | | | | Cash equivalents, June 30, 2026 | | $ | 8,882,106 | | | $ | 8,882,106 | | | $ | - | | | $ | - | | | Cash equivalents, December 31, 2025 | | $ | 7,031,708 | | | $ | 7,031,708 | | | $ | - | | | $ | - | | | | | | | | | | | | | | | | | | | | | Liabilities: | | | | | | | | | | | | | | | | | | Representative warrant liabilities, June 30, 2026 | | $ | 5,899,561 | | | $ | - | | | $ | - | | | $ | 5,899,561 | | | Representative warrant liabilities, December 31, 2025 | | $ | 53,000 | | | $ | - | | | $ | - | | | $ | 53,000 | |
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| Schedule of Reconciliation of the Level 3 Representative Warrants Liabilities |
The following tables present a reconciliation of the Level 3 Warrants liabilities: | | | For the Three Months Ended
June 30, | | | | | 2026 | | | 2025 | | | Representative warrant liabilities, April 1 | | $ | 7,714,794 | | | $ | 10,971 | | | Additions | | | - | | | | - | | | Change in fair value | | | (1,815,233 | ) | | | 121,476 | | | Representative warrant liabilities, June 30 | | $ | 5,899,561 | | | $ | 132,447 | | | | | For the Six Months Ended
June 30, | | | | | 2026 | | | 2025 | | | Representative warrant liabilities, January 1 | | $ | 53,000 | | | $ | 24,486 | | | Additions | | | 5,347,441 | | | | - | | | Change in fair value | | | 499,120 | | | | 107,961 | | | Representative warrant liabilities, June 30 | | $ | 5,899,561 | | | $ | 132,447 | |
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| Schedule of Fair Value of the Warrants |
In determining the fair value of the warrants, the Company used the following inputs as of June 30, 2026: | Risk-free interest rate | | | 4.19 | % | | Expected dividend yield | | | 0 | % | | Expected volatility | | | 129.18 | % | | Expected life | | | 4.6 years | |
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| Schedule of Net Loss Per Share Calculation |
The following table details the net loss per share calculation, reconciles between basic and diluted weighted average shares outstanding, and presents the potentially dilutive shares that are excluded from the calculation of the weighted average diluted common shares outstanding, because their inclusion would have been anti-dilutive: | | | For the Three Months Ended | | | For the Six Months Ended | | | | | June 30, | | | June 30, | | | | | 2026 | | | 2025 | | | 2026 | | | 2025 | | | Numerator: | | | | | | | | | | | | | | Net loss | | $ | (3,685,060 | ) | | $ | (4,093,231 | ) | | $ | (17,542,263 | ) | | $ | (6, 327,213 | ) | | Weighted-average common shares outstanding, basic and diluted | | | 126,521,134 | | | | 33,952,418 | | | | 109,946,717 | | | | 30,755,807 | | | Basic and diluted loss per share | | $ | (0.03 | ) | | $ | (0.12 | ) | | $ | (0.16 | ) | | $ | (0.21 | ) |
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| Schedule of Weighted Average Common Shares Outstanding |
The following common share equivalents are excluded from the calculation of weighted average common shares outstanding, because their inclusion would have been anti-dilutive: | | | As of June 30, | | | | | 2026 | | | 2025 | | | Warrants | | | 44,622,757 | | | | 12,030,000 | | | Preferred Shares C (1) | | | 47,940 | | | | - | | | Total potentially dilutive shares | | | 44,670,697 | | | | 12,030,000 | | | (1) | The 47,940 shares of Series C Preferred Stock outstanding at June 30, 2026 are each convertible into 42,554 shares of common stock, or 2,040,038,760 shares of common stock in the aggregate, only upon approval by the Company’s stockholders. Such approval had not been obtained as of June 30, 2026, and accordingly the Series C Preferred Stock was not convertible and is excluded from the computation of diluted net loss per share. See Note 10. |
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