Stock Based Compensation (Tables)
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6 Months Ended |
12 Months Ended |
Jun. 30, 2026 |
Dec. 31, 2025 |
| Stock Based Compensation [Abstract] |
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| Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions |
The fair value of service-based stock options granted to employees and non-employees was estimated on the grant date using the Black-Scholes valuation model with the following assumptions: | | | June 30,
2026 | | | June 30,
2025 | | | Dividend yield | | | 0 | % | | | 0 | % | | Expected term | | | 6 years | | | | 6 years | | | Risk-free interest rates | | | 3.86%-4.25 | % | | | 4.02%-4.42 | % | | Expected volatility | | | 102.09-105.65 | % | | | 104.47%-106.86 | % |
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The fair value of service-based stock options granted to employees and non-employees was estimated on the grant date using the Black-Scholes valuation model with the following assumptions: | | | 2025 | | | 2024 | | | Dividend yield | | | 0 | % | | | 0 | % | | Expected term | | | 6 years | | | | 6 years | | | Risk-free interest rates | | | 3.93% - 4.42 | % | | | 3.54% - 4.66 | % | | Expected volatility | | | 104.47% - 106.98 | % | | | 113.65% - 134.87 | % | The following assumptions were used to estimate the fair value of this award: | Stock price on date of grant | | $ | 1.63 | | | Exercise Price | | $ | 2.00 | | | Dividend Yield | | | - | | | Risk-free interest rate | | | 4.25 | % | | Expected volatility | | | 80.01 | % |
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| Schedule of activity under the Company's stock options plans for service-based and market-based stock options |
The following table summarizes activity under the Company’s stock options plans for service-based and market-based stock options: | | | Number of Shares
Underlying Options | | | Weighted Average
Exercise Price | | | Weighted Average
Remaining Term
(Years) | | | Intrinsic
Value | | | Outstanding as of December 31, 2025 | | 6,280,284 | | | $2.92 | | | 6.67 | | | $5,576,041 | | | Granted | | | 1,530,939 | | | | 5.00 | | | | - | | | | - | | | Forfeited | | | (21,246 | ) | | | 12.53 | | | | - | | | | - | | | Outstanding as of June 30, 2026 | | | 7,789,977 | | | | 3.25 | | | | 6.94 | | | $ | 389,876 | | | Vested and exercisable as of June 30, 2026 | | | 5,787,962 | | | $ | 2.37 | | | | 6.07 | | | $ | 5,672,203 | |
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The following table summarizes activity under the Company’s stock options plans for service-based and market-based stock options: | | | Number of Shares Underlying Options | | | Weighted Average Exercise Price | | | Weighted Average Remaining Term (Years) | | | Intrinsic Value | | | Outstanding as of January 1, 2024 | | | 6,117,462 | | | $ | 1.90 | | | | 8.16 | | | $ | 24,225,150 | | | Granted | | | 705,000 | | | $ | 7.79 | | | | 7.71 | | | | 1,360,650 | | | Forfeited | | | (465,000 | ) | | $ | 4.12 | | | | - | | | | - | | | Exercised | | | (283,400 | ) | | $ | 1.03 | | | | | | | | | | | Outstanding as of December 31, 2024 | | | 6,074,062 | | | $ | 2.45 | | | | 7.61 | | | | 69,204,153 | | | Granted | | | 520,751 | | | $ | 10.54 | | | | - | | | | - | | | Forfeited | | | (314,529 | ) | | $ | 6.35 | | | | - | | | | - | | | Outstanding as of December 31, 2025 | | | 6,280,284 | | | $ | 2.92 | | | | 6.67 | | | $ | 5,576,041 | | | Vested and exercisable as of December 31, 2025 | | | 5,569,238 | | | $ | 2.10 | | | | 6.39 | | | $ | 9,507,796 | |
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| Schedule of restricted stock unit activity |
The following table summarizes the restricted stock unit activity during the six months ended June 30, 2026: | | | Shares
Outstanding | | | Weighted
Average Grant
Date Fair Value | | | Unvested balance-December 31, 2025 | | | 661,882 | | | $ | 9.93 | | | Granted | | | 876,400 | | | | 5.37 | | | Vested | | | (266,709 | ) | | | 9.62 | | | Forfeited or canceled | | | (7,430 | ) | | | 12.45 | | | Unvested balance-June 30, 2026 | | | 1,264,143 | | | $ | 6.82 | |
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The following table summarizes the restricted stock unit activity during the years ended December 31, 2025 and 2024: | | | Shares
Outstanding | | | Weighted Average
Grant Date
Fair Value | | | Unvested balance-January 1, 2024 | | | - | | | $ | - | | | Granted | | | 390,686 | | | | 10.00 | | | Vested | | | (31,335 | ) | | | 9.84 | | | Unvested balance-December 31, 2024 | | | 359,351 | | | | 10.01 | | | Granted | | | 493,560 | | | | 9.93 | | | Vested | | | (135,822 | ) | | | 12.02 | | | Forfeited or canceled | | | (55,207 | ) | | | 11.38 | | | Unvested balance-December 31, 2025 | | | 661,882 | | | $ | 9.93 | |
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| Schedule of Vesting Options Based on Sustained Market Capitalization |
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Additionally, in October 2022 the Board of Directors granted 2,250,000 options at an exercise price of $2.00, to both the CEO and COO, for a total of 4,500,000 options, with vesting of options based on Sustained Market Capitalization targets as follows: | Vesting Trigger | | Number of
Options Vested | | | On the date Sustained Market Capitalization first equals or exceeds $29,268,520 | | | 900,000 | | | On the date Sustained Market Capitalization first equals or exceeds $58,537,040 | | | 900,000 | | | On the date Sustained Market Capitalization first equals or exceeds $117,074,080 | | | 900,000 | | | On the date Sustained Market Capitalization first equals or exceeds $175,611,120 | | | 900,000 | | | On the date Sustained Market Capitalization first equals or exceeds $234,148,160 | | | 900,000 | |
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