Stockholders’ Equity (Tables)
|
6 Months Ended |
12 Months Ended |
Jun. 30, 2026 |
Dec. 31, 2025 |
| Stockholders’ Equity [Abstract] |
|
|
| Schedule of Valuation Assumptions |
The
assumptions used for options granted during the six months ended June 30, 2026, are as follows:
| | |
June 30, 2026 | |
| Exercise Price | |
| $6.00- $12.00 | |
| Expected dividends | |
| 0 | % |
| Expected volatility | |
| 322.65% - 322.94 | % |
| Risk free interest rate | |
| 4.04% - 4.51 | % |
| Expected life of option | |
| 10 | |
|
The
assumptions used for options granted during the year ended December 31, 2025 and 2024, are as follows:
| |
| December 31, 2025 | |
| Exercise Price |
| |
$5.00 - $7.40 | |
| Expected dividends |
| |
0 | % |
| Expected volatility |
| |
363.00% - 366.01 | % |
| Risk free interest rate |
| |
4.04% - 4.57 | % |
| Expected life of option |
| |
10 years | |
| | |
December
31,
2024 | |
| Exercise Price | |
$35.60 - $38.40 | |
| Expected dividends | |
| 0 | % |
| Expected volatility | |
| 215.44% - 218.11 | % |
| Risk free interest rate | |
| 4.17% - 4.69 | % |
| Expected life of option | |
| 10 years | |
|
| Schedule of Warrant Activity |
The
following is a summary of the Company’s stock option activity:
| | | Options | | | Weighted Average Exercise Price | | | Weighted Average Remaining Contractual Life (in years) | | | Balance – December 31, 2025 – outstanding | | | 569,922 | | | $ | 36.05 | | | | 9.06 | | | Granted | | | 1,283,500 | | | | 9.46 | | | | 9.46 | | | Exercised | | | - | | | | — | | | | - | | | Forfeited/Cancelled | | | - | | | | — | | | | - | | | Expired | | | (51 | ) | | | 90,876 | | | | - | | | Balance – June 30, 2026 – outstanding | | | 1,853,371 | | | | 15.13 | | | | 9.31 | | | Balance – June 30, 2026 – exercisable | | | 1,834,726 | | | $ | 14.67 | | | | 9.31 | |
|
The
following is a summary of the Company’s stock option activity:
| | | Options | | | Weighted Average Exercise Price | | | Weighted Average Remaining Contractual Life (in years) | | | Balance – December 31, 2024 – outstanding | | | 103,679 | | | $ | 178.60 | | | | 8.84 | | | Granted | | | 466,243 | | | $ | 4.34 | | | | 10.00 | | | Exercised | | | - | | | | - | | | | - | | | Forfeited/Cancelled | | | - | | | | - | | | | - | | | Balance – December 31, 2025 – outstanding | | | 569,922 | | | $ | 36.05 | | | | 9.06 | | | Balance – December 31, 2025 – exercisable | | | 557,277 | | | $ | 34.96 | | | | 9.04 | |
|
| Schedule of Option Outstanding and Exercisable |
| Options Outstanding | | | Options Exercisable | | Weighted Average Exercise Price | | | Number Outstanding | | | Weighted Average Remaining Contractual Life (in years) | | | Weighted Average Exercise Price | | | Number Exercisable | | | Weighted Average Remaining Contractual Life
(in years) | | | $ | 15.13 | | | | 1,853,371 | | | | 9.31 | | | $ | 14.67 | | | | 1,834,726 | | | | 9.31 | |
|
| Option Outstanding | | | Option Exercisable | | Weighted Average Exercise Price | | | Number Outstanding | | | Weighted Average Remaining Contractual Life (in years) | | | Weighted Average Exercise Price | | | Number Exercisable | | | Weighted Average Remaining Contractual Life (in years) | | | $ | 36.05 | | | | 569,922 | | | | 9.06 | | | $ | 34.96 | | | | 557,277 | | | | 9.04 | |
|
| Schedule of Warrant Activity |
The
assumptions used for warrants granted during the six months ended June 30, 2026, are as follows:
| | |
June 30, 2026 | |
| Exercise Price | |
| $5.14 - $10.00 | |
| Expected dividends | |
| — | % |
| Expected volatility | |
| 322.86% - 323.02 | % |
| Risk free interest rate | |
| 3.78% - 4.25 | % |
| Expected life of warrants | |
| 1.81 - 4.39 years | |
|
The
assumptions used for warrants granted during the year ended December 31, 2025, are as follows:
| | |
December
31, 2025 | |
| Exercise Price | |
| $6.80 - 24.00 | |
| Expected dividends | |
| 0 | % |
| Expected volatility | |
| 196.11% - 279.01 | % |
| Risk free interest rate | |
| 3.57% - 4.45 | % |
| Expected life of warrants | |
| 5 years | |
| | |
December
31,
2024 | |
| Exercise Price | |
$5.20 - 140.00 | |
| Expected dividends | |
| 0 | % |
| Expected volatility | |
| 201.06% - 309.08 | % |
| Risk free interest rate | |
| 3.41% - 4.66 | % |
| Expected life of warrants | |
| 5 years | |
|
| Schedule of Warrant Activity |
The
following is a summary of the Company’s warrant activity:
| | | Warrants | | | Weighted Average Exercise Price | | | Weighted Average Remaining Contractual Life (in years) | | | Balance – December 31, 2025 – outstanding | | | 2,401,378 | | | $ | 12.51 | | | | 3.55 | | | Granted | | | 67,292 | | | | 10.00 | | | | 5.00 | | | Exercised | | | (427,768 | ) | | | — | | | | — | | | Forfeited/Cancelled | | | (102 | ) | | | — | | | | — | | | Balance – June 30, 2026 – outstanding | | | 2,040,800 | | | $ | 11.42 | | | | 3.23 | | | Balance – June 30, 2026 – exercisable | | | 2,040,800 | | | $ | 11.42 | | | | 3.23 | |
|
The
following is a summary of the Company’s warrant activity:
| | | Warrants | | | Weighted Average Exercise Price | | | Weighted Average Remaining Contractual Life (in years) | | | Balance – December 31, 2024 – outstanding | | | 1,310,343 | | | $ | 8.00 | | | | 3.64 | | | Granted | | | 1,183,367 | | | $ | 14.71 | | | | 5.00 | | | Exercised | | | (92,043 | ) | | $ | 5.14 | | | | - | | | Forfeited/Cancelled | | | (290 | ) | | $ | 2,363 | | | | - | | | Balance – December 31, 2025 – outstanding | | | 2,401,378 | | | $ | 6.73 | | | | 3.55 | | | Balance – December 31, 2025 – exercisable | | | 2,401,378 | | | $ | 6.73 | | | | 3.55 | |
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| Schedule of Warrants Outstanding and Exercisable |
| Warrants Outstanding | | | Warrants Exercisable | | Weighted Average Exercise Price | | | Number Outstanding | | | Weighted Average Remaining Contractual Life (in years) | | | Weighted Average Exercise Price | | | Number Exercisable | | | Weighted Average Remaining Contractual Life (in years) | | | $ | 11.42 | | | | 2,040,800 | | | | 3.23 | | | $ | 11.42 | | | | 2,040,800 | | | | 3.23 | |
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| | Warrants Outstanding | | | | Warrants Exercisable | | | | Weighted Average Exercise Price | | | | Number Outstanding | | | | Weighted Average Remaining Contractual Life (in years) | | | | Weighted Average Exercise Price | | | | Number Exercisable | | | | Weighted Average Remaining Contractual
Life (in years) | | | $ | 6.73 | | | | 2,401,378 | | | | 3.55 | | | $ | 6.73 | | | | 2,401,378 | | | | 3.55 | |
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