| Schedule of Stock Option Activity |
A
summary of stock option activity for the nine months ended September 30, 2026 is presented below:
Schedule of Stock Option Activity
| Subject to Exercise | |
Number of
Options | | |
Weighted
Average
Exercise
Price | | |
Weighted
Average
Life (Years) | | |
Aggregate
Intrinsic
Value | |
| Outstanding as of December 31, 2025 | |
| 87,777 | | |
$ | 53.62 | | |
| 6.97 | | |
$ | - | |
| Granted – 2026 | |
| 480,587 | | |
| 0.55 | | |
| 10.00 | | |
| - | |
| Forfeited/Expired – 2026 | |
| (6,301 | ) | |
| 483.22 | | |
| - | | |
| - | |
| Exercised – 2026 | |
| - | | |
| - | | |
| - | | |
| - | |
| Outstanding as of September 30, 2026 | |
| 562,063 | | |
$ | 3.28 | | |
| 9.50 | | |
$ | - | |
| Options vested and exercisable at September 30, 2026 | |
| 220,375 | | |
$ | 7.59 | | |
| 8.72 | | |
$ | - | |
|
| Schedule of Outstanding Stock Options |
As
of September 30, 2026, the Company had outstanding stock options as follows:
Schedule of Outstanding Stock Options
| Date Issued | |
Exercise Price | | |
Number of
Options | | |
Expiration date |
| January 2017 | |
$ | 73,800.00 | | |
| 2 | | |
January 1, 2027 |
| January 2018 | |
$ | 70,920.00 | | |
| 2 | | |
January 1, 2028 |
| January 2019 | |
$ | 3,384.00 | | |
| 15 | | |
January 1, 2029 |
| October 2021 | |
$ | 7,560.00 | | |
| 35 | | |
October 26, 2031 |
| January 2022 | |
$ | 5,068.80 | | |
| 21 | | |
January 1, 2032 |
| August 2022 | |
$ | 2,323.58 | | |
| 78 | | |
August 23, 2032 |
| September 2023 | |
$ | 30.72 | | |
| 4,468 | | |
September 12, 2033 |
| January 2024 | |
$ | 28.08 | | |
| 1,337 | | |
January 8, 2034 |
| September 2024 | |
$ | 10.38 | | |
| 15,357 | | |
September 17, 2034 |
| October 2024 | |
$ | 11.28 | | |
| 4,700 | | |
October 16, 2034 |
| January 2025 | |
$ | 5.82 | | |
| 13,529 | | |
January 15, 2027 |
| June 2025 | |
$ | 5.28 | | |
| 41,932 | | |
June 5, 2035 |
| January 2026 | |
$ | 1.55 | | |
| 25,003 | | |
January 8, 2036 |
| September 2026 | |
$ | 0.50 | | |
| 455,584 | | |
September 28, 2036 |
| | |
| | | |
| | | |
|
| Total outstanding options at September 30, 2026 | |
| | | |
| 562,063 | | |
|
|
| Schedule of Assumptions Using Black-Scholes Option Pricing Mode |
The
Company utilized the Black-Scholes option-pricing model. The assumptions used for the nine months ended September 30, 2026 are as follows:
Schedule of Assumptions Using Black-Scholes Option Pricing Mode
| | |
September 30, 2026 | |
| Risk free interest rate | |
| 5.07 | % |
| Expected Volatility | |
| 127.83 | % |
| Expected life (in years) | |
| 5.31 | |
| Expected dividend yield | |
| 0 | % |
|