| Schedule of Stock Option Activity |
A summary of stock option activity during the three and six months ended June 30, 2026, is as follows: | | | | | | | | | Weighted | | | | | | | | | | | Weighted | | | Average | | | | | | | | | | | Average | | | Remaining | | | Aggregate | | | | | Number of | | | Exercise | | | Life | | | Intrinsic | | | | | Options | | | Price | | | In Years | | | Value | | | Outstanding, January 1, 2026 | | | 1,428,006 | | | $ | 4.40 | | | | | | | | | | | Granted | | | 104,923 | | | | 4.69 | | | | | | | | | | | Exercised | | | - | | | | - | | | | | | | | | | | Expired | | | - | | | | - | | | | | | | | | | | Forfeited | | | - | | | | - | | | | | | | | | | | Outstanding as of June 30, 2026 | | | 1,532,929 | | | $ | 4.42 | | | | 9.2 | | | $ | 889,758 | | | | | | | | | | | | | | | | | | | | | Exercisable as of June 30, 2026 | | | 464,480 | | | $ | 4.46 | | | | 9.3 | | | $ | 248,688 | |
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A summary of stock option activity during the year ended December 31, 2025, is as follows: | | | | | | | | | Weighted | | | | | | | | | | | Weighted | | | Average | | | | | | | | | | | Average | | | Remaining | | | Aggregate | | | | | Number of | | | Exercise | | | Life | | | Intrinsic | | | | | Options | | | Price | | | In Years | | | Value | | | Outstanding, January 1, 2025 | | | - | | | $ | - | | | | | | | | | | | Granted | | | 1,428,006 | | | | 4.40 | | | | | | | | | | | Exercised | | | - | | | | - | | | | | | | | | | | Expired | | | - | | | | - | | | | | | | | | | | Forfeited | | | - | | | | 4.40 | | | | | | | | | | | Outstanding as of December 31, 2025 | | | 1,428,006 | | | $ | 4.40 | | | | 9.9 | | | $ | 856,804 | | | | | | | | | | | | | | | | | | | | | Exercisable as of December 31, 2025 | | | 226,329 | | | $ | 4.40 | | | | 9.7 | | | $ | 135,798 | |
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| Schedule of Stock Options Granted Using the Black-Scholes Valuation Model |
The Company estimated the fair value of the stock options granted using the Black-Scholes valuation model with the following assumptions: | | | For the Three Months Ended | | For the Six Months Ended | | | | June 30, | | June 30, | | | | 2026 | | 2025 | | 2026 | | 2025 | | Risk-free interest rate | | 4.05% | | N/A | | 3.94%-4.05% | | N/A | | Expected term (years) | | 5.73 | | N/A | | 5.00-5.73 | | N/A | | Expected volatility | | 0.00% | | N/A | | 0.00%-0.00% | | N/A | | Expected dividends | | 0% | | N/A | | 0% | | N/A |
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The Company estimated the fair value of the stock options granted using the Black-Scholes valuation model with the following assumptions: | | | For the Year Ended | | | | December 31, | | | | 2025 | | 2024 | | Risk-free interest rate | | 3.62% - 3.67% | | N/A | | Expected term (years) | | 5.50 - 6.00 | | N/A | | Expected volatility | | 95% - 97% | | N/A | | Expected dividends | | 0% | | N/A |
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