STOCKHOLDERS’ EQUITY (Tables)
|
6 Months Ended |
12 Months Ended |
Jun. 30, 2026 |
Dec. 31, 2025 |
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
| SCHEDULE OF RESERVED SHARES OF COMMON STOCK |
The
Company has reserved shares of Class A common stock for issuance related to the following as of June 30, 2026:
SCHEDULE OF RESERVED SHARES OF COMMON STOCK
| | |
| | |
| Warrants to purchase Class A common stock | |
| 18,000,000 | |
| Employee stock purchase plan | |
| 1,000,000 | |
| Vested RSUs - Contractors | |
| 459,782 | |
| Vested RSUs — Board Members and Employees | |
| 6,685,100 | |
| Unvested RSUs — Board Members and Employees | |
| 3,379,202 | |
| Stock options and RSUs, authorized for future issuance, increased by 5% January 1st | |
| 2,641,823 | |
| Total shares reserved | |
| 32,165,907 | |
|
The
Company has reserved shares of Class A common stock for issuance related to the following as of December 31, 2025:
SCHEDULE OF RESERVED SHARES OF COMMON STOCK
| | |
| | |
| Warrants to purchase Class A common
stock | |
| 17,900,000 | |
| Employee stock purchase plan | |
| 1,000,000 | |
| RSUs, issued and outstanding | |
| 5,984,957 | |
| Stock options and RSUs,
authorized for future issuance | |
| 4,464,307 | |
| Total shares reserved | |
| 29,349,264 | |
|
| SCHEDULE OF UNVESTED RESTRICTED STOCK UNITS ACTIVITY |
A
summary of RSU activity for the six months ended June 30, 2026, under the 2025 Plan is as follows:
SCHEDULE OF UNVESTED RESTRICTED STOCK UNITS ACTIVITY
| | |
| | |
Weighted | |
| | |
| | |
Average | |
| | |
Number of | | |
Grant Date | |
| | |
RSUs | | |
Fair Value | |
| Unvested as of December 31, 2025 | |
| 4,798,167 | | |
$ | 12.03 | |
| Granted | |
| 9,716,702 | | |
| 0.27 | |
| Vested and released | |
| (6,693,380 | ) | |
| 0.47 | |
| Cancelled or forfeited | |
| (4,442,287 | ) | |
| 9.50 | |
| Unvested as of June 30, 2026 | |
| 3,379,202 | | |
$ | 1.96 | |
|
A
summary of RSU activity for the year ended December 31, 2025, under the 2025 Plan is as follows:
SCHEDULE OF UNVESTED RESTRICTED STOCK UNITS ACTIVITY
| | |
| | |
Weighted Average | |
| | |
Number
of RSUs | | |
Grant
Date Fair
Value | |
| Unvested as of December 31, 2024 | |
| - | | |
$ | - | |
| Granted | |
| 5,334,000 | | |
| 7.27 | |
| Vested | |
| (105,833 | ) | |
| 22.00 | |
| Cancelled or forfeited | |
| (430,000 | ) | |
| 22.00 | |
| Unvested as of December 31, 2025 | |
| 4,798,167 | | |
$ | 12.03 | |
|
| Contractors [Member] |
|
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
|
| SCHEDULE OF UNVESTED RESTRICTED STOCK UNITS ACTIVITY |
A
summary of RSU activity for contractors for the six months ended June 30, 2026, under the 2025 Plan is as follows:
SCHEDULE OF UNVESTED RESTRICTED STOCK UNITS ACTIVITY
| | |
Number of
RSUs | | |
Weighted
Average
Grant Date
Fair Value | |
| Unvested as of December 31, 2025 | |
| 693,895 | | |
$ | 1.61 | |
| Granted | |
| - | | |
| - | |
| Vested | |
| (459,782 | ) | |
| 1.61 | |
| Cancelled or forfeited | |
| (234,113 | ) | |
| 1.61 | |
| Unvested as of June 30, 2026 | |
| - | | |
| - | |
|
A
summary of RSU activity for contractors for the year ended December 31, 2025, under the 2025 Plan is as follows:
SCHEDULE OF UNVESTED RESTRICTED STOCK UNITS ACTIVITY
| | |
| | |
Weighted Average | |
| | |
Number
of RSUs | | |
Grant
Date Fair
Value | |
| Unvested as of December 31, 2024 | |
| – | | |
$ | - | |
| Granted | |
| 1,080,957 | | |
| 1.61 | |
| Vested | |
| (387,062 | ) | |
| 1.61 | |
| Cancelled or forfeited | |
| – | | |
| | |
| Unvested as of December 31, 2025 | |
| 693,895 | | |
| 1.61 | |
|