| SCHEDULE OF FAIR VALUE OF COMMON STOCK PURCHASE WARRANT |
Following
is a summary of the change in fair value for each common stock purchase warrant (in thousands):
Fair
Value
SCHEDULE
OF FAIR VALUE OF COMMON STOCK PURCHASE WARRANT
| | |
Total Fair Value | |
| Balance December 31, 2024 | |
$ | 20,013 | |
| Common stock purchase warrant issuance at fair value | |
| 1,047 | |
| Change in fair value | |
| (104 | ) |
| Balance June 30, 2025 | |
$ | 20,956 | |
| | |
Total Fair Value | |
| Balance December 31, 2025 | |
$ | 21,936 | |
| Balance | |
$ | 21,936 | |
| Common stock purchase warrant issuance at fair value | |
| 2,619 | |
| Change in fair value | |
| (34 | ) |
| Balance June 30, 2026 | |
$ | 24,521 | |
| Balance | |
$ | 24,521 | |
|
Following
is a summary of the change in fair value for each common stock purchase warrant (in thousands):
SCHEDULE OF FAIR VALUE OF COMMON STOCK PURCHASE WARRANT
Fair
Value
| |
|
Total
Fair Value |
|
| Balance
December 31, 2023 |
|
$ |
16,396 |
|
| Common
stock purchase warrant issuance at fair value |
|
|
3,515 |
|
| Change
in fair value |
|
|
102 |
|
| Balance
December 31, 2024 |
|
|
20,013 |
|
| Common
stock purchase warrant issuance at fair value |
|
|
2,094 |
|
| Change
in fair value |
|
|
(171 |
) |
| Balance
December 31, 2025 |
|
$ |
21,936 |
|
|
| SCHEDULE OF COMMON STOCK ISSUABLE WARRANTS |
Shares
of Common Stock Issuable (upon exercise of the warrants):
SCHEDULE OF COMMON STOCK ISSUABLE WARRANTS
| | |
Total Shares of Common Stock | |
| Balance December 31, 2024 | |
| 3,980,704 | |
| Common stock purchase warrant issuance at fair value | |
| 181,861 | |
| Balance June 30, 2025 | |
| 4,162,565 | |
| | |
Total Shares of Common Stock | |
| Balance December 31, 2025 | |
$ | 4,304,426 | |
| Common stock issuable warrant, balance | |
$ | 4,304,426 | |
| Common stock purchase warrant issuance at fair value | |
| 454,654 | |
| Balance June 30, 2026 | |
$ | 4,759,080 | |
| Common stock issuable warrant, balance | |
$ | 4,759,080 | |
|
Shares
of Common Stock Issuable (upon exercise of the warrants):
SCHEDULE OF COMMON STOCK ISSUABLE WARRANTS
| |
|
Total
Shares of
Common
Stock |
|
| Balance
December 31, 2023 |
|
|
3,368,834 |
|
| Common
stock purchase warrant issuance at fair value |
|
|
611,870 |
|
| Balance
December 31, 2024 |
|
|
3,980,704 |
|
| Common
stock issuable warrant, balance |
|
|
3,980,704 |
|
| Common
stock purchase warrant issuance at fair value |
|
|
363,722 |
|
| Common stock purchase warrant exercised | |
| (40,000 | ) |
| Balance
December 31, 2025 |
|
|
4,304,426 |
|
| Common stock issuable warrant, balance |
|
$ |
4,304,426 |
|
|
| SCHEDULE OF FAIR VALUE OF WARRANTS |
The
following table summarizes the assumptions used to fair value the common stock purchase warrants:
SCHEDULE OF FAIR VALUE OF WARRANTS
| | |
Six Months Ended June 30, | |
| Assumption | |
2026 | | |
2025 | |
| Term (years) | |
| 1.09
– 9.93 | | |
| 2.05
– 9.97 | |
| Volatility | |
| 35.0 | % | |
| 30.9%
- 33.2% | |
| Risk free interest rate | |
| 3.91%
- 4.34% | | |
| 3.62%
- 4.15% | |
|
The
following table summarizes the assumptions used to fair value the common stock purchase warrants:
SCHEDULE OF FAIR VALUE OF WARRANTS
| Assumption |
|
2025 |
|
|
2024 |
|
| Term
(years) |
|
|
1.54
– 10.00 |
|
|
|
2.54
– 9.57 |
|
| Volatility |
|
|
35% |
|
|
|
30.2%
– 33.6% |
|
| Risk
free interest rate |
|
|
3.42%
- 4.10% |
|
|
|
4.17%
- 4.46% |
|
| Dividend
yield |
|
|
- |
|
|
|
- |
|
|