Stockholders’ Equity (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
| Equity [Abstract] |
|
| Schedule of Equity Compensation Plan Information |
Equity
Compensation Plan Information as of June 30, 2026
Schedule of Equity Compensation Plan Information
| | |
Number of
securities
to be issued upon exercise of outstanding options, warrants and rights (a) | | |
Weighted –
average exercise price of outstanding options, warrants and rights (b) | | |
Number of
securities remaining available for future issuances under equity compensation plans (excluding securities reflected in column (a) | |
| Equity Compensation Plans Approved by Security Holders | |
| 3,150,000 | | |
$ | 0.0399 | | |
| 21,680,882 | |
| Equity Compensation Plans Not Approved by Security Holders | |
| 37,801,503 | | |
| 0.0195 | | |
| — | |
| Total | |
| 40,951,503 | | |
$ | 0.0297 | | |
| 21,680,882 | |
|
| Schedule of Valuation Assumptions of Options |
The
Company uses the Black-Scholes option-pricing model to estimate the fair value of its stock option awards and warrant issuances. The
calculation of the fair value of the awards using the Black-Scholes option-pricing model is affected by the Company’s stock price
on the date of grant as well as assumptions regarding the following:
Schedule of Valuation Assumptions of Options
| |
|
Six
Months ended June 30, |
|
| |
|
2026 |
|
|
2025 |
|
| Expected
volatility |
|
172.0%
- 346.4 |
% |
|
172.0
– 346.4 |
% |
| Expected
term |
|
|
.5
–4. Years |
|
|
|
1.5
– 5.0 Years |
|
| Risk-free
interest rate |
|
|
0.16%
- 4.64 |
% |
|
|
0.16%
- 4.64 |
% |
| Forfeiture
rate |
|
|
0.17 |
% |
|
|
0.17 |
% |
|
| Schedule of Outstanding Stock Option Activity |
A
summary of the status of the Company’s outstanding stock options as of June 30, 2026 and December 31, 2025 and changes
during the periods ending on such dates is as follows:
Schedule of Outstanding Stock Option Activity
| | |
Number of | | |
Weighted Average Exercise | | |
Weighted Average Remaining Contractual | | |
Aggregate Intrinsic | |
| | |
Options | | |
Price | | |
Life in Years | | |
Value | |
| Outstanding at December 31, 2025 | |
| 238,439,167 | | |
$ | 0.0362 | | |
| 1.43 | | |
| - | |
| Granted | |
| - | | |
| - | | |
| - | | |
| - | |
| Forfeited | |
| (170,999,530 | ) | |
| 0.0379 | | |
| - | | |
| - | |
| Exercised | |
| - | | |
| - | | |
| - | | |
| - | |
| Cancelled | |
| - | | |
| - | | |
| - | | |
| - | |
| Outstanding – December 31, 2025 | |
| 67,439,637 | | |
$ | 0.0360 | | |
| 1.43 | | |
| - | |
| Exercisable – December 31, 2025 | |
| 41,057,753 | | |
$ | 0.0211 | | |
| 1.33 | | |
$ | 0 | |
| | |
| | | |
| | | |
| | | |
| | |
| Granted | |
| - | | |
| - | | |
| - | | |
| - | |
| Forfeited | |
| (1,475,000 | ) | |
| 0.0379 | | |
| - | | |
| - | |
| Exercised | |
| - | | |
| - | | |
| - | | |
| - | |
| Expired | |
| (35,295,237 | ) | |
| - | | |
| - | | |
| - | |
| Cancelled | |
| - | | |
| - | | |
| - | | |
| - | |
| Outstanding – June 30, 2026 | |
| 30,669,400 | | |
$ | 0.043268 | | |
| 1.07 | | |
| - | |
| Exercisable –June 30, 2026 | |
| 7,059,400 | | |
$ | 0.0531 | | |
| 1.106 | | |
$ | 0 | |
|
| Schedule of Exercise Price of Employee Stock Options Outstanding |
The following table summarizes information
about employee stock options outstanding at June 30, 2026.
Schedule of Exercise Price of Employee Stock Options Outstanding
| Range of Exercise Price | |
Number outstanding at June 30, 2026 | | |
Weighted average remaining Life | | |
Weighted average exercise price | | |
Number exercisable at June 30, 2026 | | |
Weighted average exercise price | | |
Weighted average remaining life | |
| $ 0.0180 - $0.0225 (Expired) | |
| 0 | | |
| 0.00 | | |
$ | 0.0180 | | |
| 0.00 | | |
$ | 0.0180 | | |
| 0.00 | |
| $ 0.0229 - $0.0325 | |
| 50,000 | | |
| 0.12 | | |
$ | 0.0302 | | |
| 50,000 | | |
$ | 0.0302 | | |
| 0.12 | |
| $ 0.0360 - $0.0425 | |
| 22,109,400 | | |
| 0.09 | | |
$ | 0.0398 | | |
| 4,409,400 | | |
$ | 0.0395 | | |
| 0.08 | |
| $ 0.0440 - $0.0531 | |
| 7,460,000 | | |
| 0.17 | | |
$ | 0.0531 | | |
| 1,800,000 | | |
$ | 0.0530 | | |
| 0.18 | |
| Outstanding options | |
| 29,619,400 | | |
| 0.11 | | |
$ | 0.0432 | | |
| 5,959,400 | | |
$ | 0.0439 | | |
| 0.11 | |
|
| Schedule of Warrant Activity |
A
summary of the Company’s warrants as of December 31, 2025 and changes during the six months ended June 30, 2026 is presented
below:
Schedule of Warrant Activity
| | |
Number of | | |
Weighted Average Exercise | | |
Weighted Average Remaining Contractual | | |
Aggregate Intrinsic | |
| | |
Warrants | | |
Price | | |
Life in Years | | |
Value | |
| Outstanding – December 31, 2025 | |
| 25,684,521 | | |
$ | 0.0247 | | |
| 0.93 | | |
$ | 24,000 | |
| Granted | |
| - | | |
| - | | |
| - | | |
| - | |
| Exercised | |
| - | | |
| | | |
| | | |
| | |
| Forfeited or Expired | |
| 25,684,521 | | |
| 0.0247 | | |
| 0.93 | | |
| 24,000 | |
| Outstanding – June 30, 2026 | |
| 0 | | |
$ | 0 | | |
| 0 | | |
| 0 | |
| Exercisable – June 30, 2026 | |
| 0 | | |
$ | 0 | | |
| 0 | | |
$ | 0 | |
|