| SCHEDULE OF FAIR VALUE OF WARRANTS ESTIMATED USING BLACK-SCHOLES OPTION PRICING MODEL |
The
fair value of each warrant grant is estimated on the date of grant recognizing share-based compensation expense over the vesting period
based on the estimated number of equity instruments expected to vest and uses Plain Vanilla for calculating the expected terms of options,
using the Black-Scholes option pricing model with the following weighted-average assumptions used for grants under the fixed option plan:
SCHEDULE
OF FAIR VALUE OF WARRANTS ESTIMATED USING BLACK-SCHOLES OPTION PRICING MODEL
| | |
June
30,
2026 | | |
December
31,
2025 | |
| | |
| | |
| |
| Average risk-free interest rates | |
| 3.80-4.19 | % | |
| 3.88-3.91 | % |
| Average expected life (in years) | |
| 5.0 | | |
| 4.5-5.0 | |
| Volatility | |
| 70.0-71.3 | % | |
| 70.2-71.5 | % |
|
The
fair value of each warrant grant is estimated on the date of grant recognizing share-based compensation expense over the vesting period
based on the estimated number of equity instruments expected to vest and uses Plain Vanilla for calculating the expected terms of options,
using the Black-Scholes option pricing model with the following weighted-average assumptions used for grants under the fixed option plan:
SCHEDULE
OF FAIR VALUE OF WARRANTS ESTIMATED USING BLACK-SCHOLES OPTION PRICING MODEL
| | |
December 31, 2025 | | |
December 31, 2024 | |
| | |
| | | |
| | |
| Average risk-free interest rates | |
| 3.88-3.91 | % | |
| 3.62
– 5.15 | % |
| Average expected life (in years) | |
| 4.5-5.0 | | |
| 0.4
- 5.0 | |
| Volatility | |
| 70.2-71.5 | % | |
| 62.9
- 68.2 | % |
|
| SCHEDULE OF OUTSTANDING COMMON STOCK WARRANTS ACTIVITY |
The
following is a summary of activity of outstanding common stock warrants:
SCHEDULE
OF OUTSTANDING COMMON STOCK WARRANTS ACTIVITY
| | |
Number of
Shares | | |
Weighted Average
Exercise Price | |
| Balance, December 31, 2025 | |
| 360,000 | | |
$ | 5.00 | |
| Warrants expired | |
| - | | |
$ | - | |
| Warrants Converted into stock | |
| - | | |
$ | - | |
| Warrants granted and assumed | |
| 266,667 | | |
$ | 3.50 | |
| Balance, June 30, 2026 | |
| 626,667 | | |
$ | 4.36 | |
|
The
following is a summary of activity of outstanding common stock warrants:
SCHEDULE
OF OUTSTANDING COMMON STOCK WARRANTS ACTIVITY
| | |
Number of Shares | | |
Weighted Average
Exercise Price | |
| Balance, December 31, 2023 | |
| 2,880,000 | | |
$ | 0.469 | |
| Warrants expired | |
| (715,000 | ) | |
$ | 1.696 | |
| Warrants Converted into stock | |
| (65,000 | ) | |
$ | 2.115 | |
| Warrants granted and assumed | |
| 550,000 | | |
$ | 3.41 | |
| Balance, December 31, 2024 | |
| 2,650,000 | | |
$ | 0.708 | |
| Warrants expired | |
| (2,450,000 | ) | |
$ | 0.357 | |
| Warrants granted and assumed | |
| 160,000 | | |
$ | 5.000 | |
| Balance, December 31, 2025 | |
| 360,000 | | |
$ | 5.000 | |
|
| SCHEDULE OF STOCK OPTION ACTIVITIES |
The
following is a summary of activity of common stock options:
SCHEDULE OF STOCK OPTION ACTIVITIES
| | |
Number of
Shares | | |
Weighted Average
Exercise Price | |
| Balance, December 31, 2025 | |
| 20,000 | | |
$ | 10.20 | |
| Options expired | |
| - | | |
$ | - | |
| Options granted | |
| - | | |
$ | - | |
| Balance, June 30, 2025 | |
| 20,000 | | |
$ | 10.20 | |
|
The
following is a summary of activity of common stock options:
SCHEDULE OF STOCK OPTION ACTIVITIES
| | |
Number of Shares | | |
Weighted Average
Exercise Price | |
| Balance, December 31, 2023 | |
| - | | |
$ | - | |
| Options expired | |
| - | | |
$ | - | |
| Options granted | |
| 20,000 | | |
$ | 10.20 | |
| Balance, December 31, 2024 | |
| 20,000 | | |
$ | 10.20 | |
| Options expired | |
| - | | |
$ | - | |
| Options granted | |
| - | | |
$ | - | |
| Balance, December 31, 2025 | |
| 20,000 | | |
$ | 10.20 | |
|