v3.26.1
Warrants (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Warrants (Tables) [Line Items]    
Schedule of Common Stock Issuable Upon Exercise of Warrants Outstanding

The following table summarizes the shares of the Company’s common stock issuable upon exercise of warrants outstanding as of June 30, 2026:

 

   Warrants Outstanding 
   Range of
Exercise
Price
   Number
Outstanding at
June 30,
2026
   Weighted
Average
Remaining
Contractual
Life (Years)
   Weighted
Average
Exercise
Price
 
                 
Public and Private Warrants   11,500    6,701    0.03    908.75 
September 2025 Private Placement Warrant   675.63    3,777    3.10    173.75 
February 2026 Warrants   266.25    701,746    4.66    177.50 
    266.25-11,500    712,224    4.61    184.36 
   Warrants Outstanding 
   Range of
Exercise
Price
   Number
Outstanding at
December 31,
2025
   Weighted
Average
Remaining
Contractual
Life (Years)
   Weighted
Average
Exercise
Price
 
                 
Public and Private Warrants   11,500.00    6,701    0.53    2,023.75 
April 2024 Warrants   860.00    116    0.01    2.50 
August 2025 Warrant   550.00    2,000    0.24    28.75 
September 2025 Private Placement Warrant   675.63    29,268    3.60    518.75 
    0.0125 – 11,500.00    38,085    2.87    756.25 

The following table summarizes the shares of the Company’s common stock issuable upon exercise of warrants outstanding of December 31, 2025:

 

   Warrants Outstanding 
   Range of
Exercise
Price
   Number
Outstanding at
December 31,
2025
   Weighted
Average
Remaining
Contractual
Life (Years)
   Weighted
Average
Exercise
Price
 
                 
Public and Private Warrants   92.00    837,625    0.53    16.19 
April 2024 Warrants   6.88    14,535    0.01    0.02 
August 2025 Warrant   4.4    250,000    0.24    0.23 
September 2025 Private Placement Warrant   5.405    3,658,537    3.60    4.15 
    0.0001 – 92.00    4,760,697    2.87    6.05 
   Warrants Outstanding 
   Range of
Exercise
Price
   Number
Outstanding at
December 31,
2024
   Weighted
Average
Remaining
Contractual
Life (Years)
   Weighted
Average
Exercise
Price
 
               USD 
                 
Public and Private Warrants   92.00    837,625    0.61    14.10 
April 2024 Warrants   6.88    14,535    0.01    0.02 
June 2024 Warrants   2.00    150,000    0.12    0.05 
August 2024 Warrants   2.00    175,000    0.15    0.06 
November 2024 Warrant   2.41    351,424    0.31    0.15 
Pre-funded Warrants   0.0001    1,436,666    1.30    0.00 
Private Placement Warrant   6.00    2,499,999    2.27    2.74 
    0.0001 – 92.00    5,465,249    4.77    17.12 
Schedule of Warrant Activities

Warrant activities for the six months ended June 30, 2026 were as follows:

 

   Number of
warrants
   Weighted
Average
Exercise
Price
 
       USD 
         
Outstanding at December 31, 2025   38,085    2,573.75 
Expired   (116)   860.00 
Granted   701,746    177.50 
Exercised   (27,491)   648.75 
    712,224    1,260.00 

Warrant activities for the year ended December 31, 2025 were as follows:

 

   Number
of warrants
   Weighted
Average
Exercise
Price
 
       USD 
         
Outstanding at December 31, 2024   5,465,249    17.12 
Granted   5,610,625    0.02 
Exercised   (6,315,177)   2.74 
    4,760,697    17.12 
Warrant [Member]    
Warrants (Tables) [Line Items]    
Schedule of Black-Scholes Option Pricing Model for Liability-Classified Stock Purchase Warrants  

The assumptions used for the Black-Scholes option pricing model for liability-classified stock purchase warrants are as follows:

 

June 2024 Warrants  November 2024
Modification
 
Expected volatility (%)   113.8%
Risk-free interest rate (%)   4.40%
Expected dividend yield   0.0%
Expected term of options (years)   4.6 
Exercise price (US dollars)   2.0 
Share price (US dollars)     
November 2024 Warrants  November 2024
Issuance
 
Expected volatility (%)   113.8%
Risk-free interest rate (%)   4.20%
Expected dividend yield   0.0%
Expected term of options (years)   5 
Exercise price (US dollars)   2.0 
Share price (US dollars)     
Fair value of the JV Warrants  August 28, 2025 
Expected volatility (%)   110.10%
Risk-free interest rate (%)   3.65%
Expected dividend yield   0.0%
Expected term of options (years)   5 
Exercise price (US dollars)  $4.40 
Share price (US dollars)  $4.33 
Fair value (U.S. dollars)  $1,673