v3.26.1
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:

 

   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:

  

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

   Six Months Ended
June 30, 2026
   Year Ended
December 31, 2025
 
Expected life in years   6.769.39    7.259.88 
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:

  

   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:

  

   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:

  

   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