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EMPLOYEE AND DIRECTOR STOCK OPTIONS
 6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
EMPLOYEE AND DIRECTOR STOCK OPTIONS

NOTE 10 – EMPLOYEE AND DIRECTOR STOCK OPTIONS

 

On June 28, 2019, the Company’s Board of Directors adopted the 2019 Stock Option Plan (the “Incentive Plan”). The Incentive Plan provides for the grant of both incentive and non-statutory stock options to key employees, directors or other persons having a service relationship with the Company. Effective December 8, 2022, the Incentive Plan was amended to increase the number of authorized option shares to 3,000,000 shares of the Company’s unissued, or reacquired, common stock, $0.001 par value. The Plan is administered by the Board of Directors.

 

For the six months ended June 30, 2026, and June 30, 2025, the Company recorded $0 and $26,778, respectively of stock-based compensation expense. Stock options vest 50% at issuance and then ratably over the remaining three years vesting period until they are fully vested. As of June 30, 2026, there were 1,065,000 shares of the Company’s common stock available to be issued pursuant to the Incentive Plan.

 

Stock option activity for the six months ended June 30, 2026, is summarized as follows:

                
2019 Stock Option Plan:  Shares   Weighted
Average
Exercise
Price		   Weighted
Remaining
Contractual
Life (Years)		 
Options outstanding at January 1, 2026   1,065,000   $1.43    4.088 
Granted   -    -    - 
Exercised               
Expired or forfeited   -    -    - 
Options outstanding at June 30, 2026   1,065,000   $1.43    3.74 
                
Options exercisable at June 30, 2026   1,065,000   $1.43    3.74 
Options expected to vest at June 30, 2026   0   $0.00    0.0