STOCKHOLDERS’ EQUITY (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
| Equity [Abstract] |
|
| SUMMARY OF WARRANTS ACTIVITY |
A
summary of activity during the six months ended June 30, 2026, follows:
SUMMARY OF WARRANTS ACTIVITY
| | |
Warrants
Outstanding | | |
Weighted Average | |
| | |
Number of | | |
Weighted Average | | |
Remaining
life | |
| | |
Warrants | | |
Exercise
Price | | |
(years) | |
| | |
| | |
| | |
| |
| Outstanding, December 31, 2025 | |
| 2,538,101 | | |
$ | 0.3160 | | |
| 1.24 | |
| Granted | |
| - | | |
| - | | |
| - | |
| Exercised | |
| - | | |
| - | | |
| - | |
| Forfeited/canceled | |
| - | | |
| - | | |
| - | |
| Outstanding, June 30, 2026 | |
| 2,538,101 | | |
$ | 0.3160 | | |
| 0.73 | |
| | |
| | | |
| | | |
| | |
| Exercisable Warrants, June 30, 2026 | |
| 2,538,101 | | |
$ | 0.3160 | | |
| 0.73 | |
|
| SUMMARY OF INFORMATION RELATING TO OUTSTANDING AND EXERCISABLE WARRANTS |
The
following table summarizes information relating to outstanding and exercisable warrants as of June 30, 2026:
SUMMARY OF INFORMATION RELATING TO OUTSTANDING AND EXERCISABLE WARRANTS
| Number
of Warrants |
|
|
Weighted
Average Remaining
Contractual
life (in years) |
|
|
Weighted
Average
Exercise
Price |
|
| 941,599 |
|
|
|
0.25 |
|
|
$ |
0.3404 |
|
| 472,205 |
|
|
|
0.12 |
|
|
|
0.3404 |
|
| 562,149 |
|
|
|
0.17 |
|
|
|
0.3503 |
|
| 281,074 |
|
|
|
0.09 |
|
|
|
0.2170 |
|
| 281,074 |
|
|
|
0.10 |
|
|
|
0.2236 |
|
| 2,538,101 |
|
|
|
0.73 |
|
|
$ |
0.3160 |
|
|
| SCHEDULE OF THE WEIGHTED AVERAGE FAIR VALUE OF STOCK OPTIONS |
SCHEDULE OF THE WEIGHTED AVERAGE FAIR VALUE OF STOCK OPTIONS
| | |
Six
Months Ended June 30, 2026 | | |
Year
Ended December 31, 2025 | |
| Expected life in years | |
| 6.76 – 9.39 | | |
| 7.25
– 9.88 | |
| Risk-free interest rate | |
| 4.31 | % | |
| 4.29 | % |
| Annual forfeiture rate | |
| 26 | % | |
| 10 | % |
| Volatility | |
| 192 | % | |
| 252 | % |
| Expected dividend yield | |
| 0 | % | |
| 0 | % |
|
| SUMMARY OF STOCK OPTION ACTIVITY |
The
following table summarizes the stock options activity for the six months ended June 30, 2026, and the year ended December 31, 2025:
SUMMARY OF STOCK OPTION ACTIVITY
| | |
Number
of Shares | |
| | |
Six
Months Ended June 30, 2026 | | |
Year
Ended December 31, 2025 | |
| Outstanding at the beginning of
the period | |
| 26,705,000 | | |
| 17,380,000 | |
| Granted | |
| - | | |
| 11,560,000 | |
| Forfeited | |
| (4,805,000 | ) | |
| (2,235,000 | ) |
| Outstanding at the end
of the period | |
| 21,900,000 | | |
| 26,705,000 | |
| Weighted-average contractual life in years | |
| 8.10 | | |
| 8.66 | |
| Weighted-average Exercise Price | |
$ | 0.0743 | | |
$ | 0.0663 | |
|
| SUMMARY OF STOCK OPTION ACTIVITY OUTSTANDING AND EXERCISABLE |
The
following table summarizes the stock options exercisable for the six months ended June 30, 2026, and the year ended December 31, 2025:
SUMMARY OF STOCK OPTION ACTIVITY OUTSTANDING AND EXERCISABLE
| | |
Number
of Shares | |
| | |
Six
Months Ended June 30, 2026 | | |
Year
Ended December 31, 2025 | |
| Outstanding at the beginning of
the period | |
| 25,886,250 | | |
| 15,649,000 | |
| Vested | |
| 337,500 | | |
| 10,237,250 | |
| Forfeited | |
| (4,805,000 | ) | |
| - | |
| Outstanding at the end
of the period | |
| 21,418,750 | | |
| 25,886,250 | |
| Weighted-average contractual life in years | |
| 8.09 | | |
| 8.58 | |
| Weighted-average Exercise Price | |
$ | 0.0743 | | |
$ | 0.0663 | |
| Intrinsic value | |
$ | - | | |
$ | - | |
|
| SCHEDULE OF NON-VESTED SHARES |
The
following table summarizes certain information regarding the Company’s non-vested shares:
SCHEDULE OF NON-VESTED SHARES
| | |
Number
of Shares | |
| | |
| |
| Non-vested as of December 31, 2025 | |
| 818,750 | |
| Granted | |
| - | |
| Forfeited or expired | |
| - | |
| Vested | |
| (337,500 | ) |
| Non-vested as of June 30, 2026 | |
| 481,250 | |
|