Stockholders' Equity (Tables)
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6 Months Ended |
12 Months Ended |
Jun. 30, 2026 |
Dec. 31, 2025 |
| Stockholders’ Equity [Abstract] |
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|
| Schedule of Weighted Average Assumptions |
The following table reflects the weighted
average assumptions used to estimate the fair value of stock options granted during the six months ended June 30, 2026:
| | | 2026 | | | Volatility | | | 83.91 | % | | Expected life (years) | | | 6.0 | | | Risk-free interest rate | | | 3.97 | % | | Dividend rate | | | - | % |
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The following table reflects the weighted
average assumptions used to estimate the fair value of stock options granted during the year ended December 31, 2024:
| | | 2024 | | | Volatility | | | 110.42 | % | | Expected life (years) | | | 6.0 | | | Risk-free interest rate | | | 4.26 | % | | Dividend rate | | | — | % | The following table reflects the weighted
average assumptions used to estimate the fair value of stock warrants granted during the year ended December 31, 2024:
| | | 2024 | | | Volatility | | | 79.42 | % | | Expected life (years) | | | 2 | | | Risk-free interest rate | | | 3.95 | % | | Dividend rate | | | — | % |
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| Schedule of Stock Option Activity |
The following table summarizes the stock option
activity for the six months ended June 30, 2026:
| | |
Options | | |
Weighted- Average Exercise Price
Per Share | |
| Outstanding, December 31, 2025 | |
| 235,000 | | |
$ | 2.02 | |
| Granted | |
| 1,141,804 | | |
$ | 0.61 | |
| Exercised | |
| - | | |
$ | - | |
| Forfeited | |
| - | | |
$ | - | |
| Expired | |
| - | | |
$ | - | |
| Outstanding and expected to vest,
June 30, 2026 | |
| 1,376,804 | | |
$ | 0.85 | |
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The following table summarizes the stock option
activity for the years ended December 31, 2025 and 2024:
| | |
Options | | |
Weighted- Average Exercise
Price Per Share | |
| Outstanding, December 31, 2023 | |
| - | | |
$ | - | |
| Granted | |
| 235,000 | | |
$ | 2.02 | |
| Exercised | |
| - | | |
$ | - | |
| Forfeited | |
| - | | |
$ | - | |
| Expired | |
| - | | |
$ | - | |
| Outstanding, December 31, 2024 | |
| 235,000 | | |
$ | 2.02 | |
| Granted | |
| - | | |
$ | - | |
| Exercised | |
| - | | |
$ | - | |
| Forfeited | |
| - | | |
$ | - | |
| Expired | |
| - | | |
$ | - | |
| Outstanding and expected to vest, December 31, 2025 | |
| 235,000 | | |
$ | 2.02 | |
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| Schedule of Outstanding and Exercisable Options |
The following table discloses information
regarding outstanding and exercisable options at June 30, 2026:
| | | | Outstanding | | | Exercisable | | | Exercise Price Range | | | Number of Option Shares | | | Weighted Average Exercise Price | | | Weighted Average Remaining Life (Years) | | | Number of Option Shares | | | Weighted Average Exercise Price | | | $ | 2.02 | | | | 235,000 | | | $ | 2.02 | | | | 7.70 | | | | 156,667 | | | $ | 2.02 | | | $ | 0.61 | | | | 1,141,804 | | | $ | 0.61 | | | | 9.72 | | | | - | | | | 0.61 | | | | | | | | 1,376,804 | | | $ | 0.85 | | | | 9.38 | | | | 156,667 | | | $ | 2.02 | |
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The following table discloses information
regarding outstanding and exercisable options at December 31, 2025:
| | | | Outstanding | | | Exercisable | | | Exercise Price Range | | | Number of Option Shares | | | Weighted Average Exercise Price | | | Weighted Average Remaining Life (Years) | | | Number of Option Shares | | | Weighted Average Exercise Price | | | $ | 2.02 | | | | 235,000 | | | $ | 2.02 | | | | 8.19 | | | | 78,333 | | | $ | 2.02 | | | | | | | | 235,000 | | | $ | 2.02 | | | | 8.19 | | | | 78,333 | | | $ | 2.02 | | The following table discloses information
regarding outstanding and exercisable warrants at December 31, 2025:
| | | | Outstanding | | | Exercisable | | | Exercise Price Range | | | Number of Warrant Shares | | | Weighted Average Exercise Price | | | Weighted Average Remaining Life (Years) | | | Number of Warrant Shares | | | Weighted Average Exercise Price | | | $ | 0.75 | | | | 1,200,000 | | | $ | 0.75 | | | | 0.80 | | | | 1,200,000 | | | $ | 0.75 | | | $ | 11.50 | | | | 9,130,000 | | | $ | 11.50 | | | | 2.87 | | | | 9,130,000 | | | $ | 11.50 | | | | | | | | 10,330,000 | | | | 10.25 | | | | 2.63 | | | | 10,330,000 | | | | 10.25 | |
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| Schedule of Stock Warrant Activity |
The following table summarizes the stock warrant
activity for the six months ended June 30, 2026 and December 31, 2025:
| | |
Warrants | | |
Weighted-
Average Exercise Price Per Share | |
| Outstanding, December 31, 2025 | |
| 10,330,000 | | |
$ | 10.25 | |
| Granted | |
| - | | |
$ | - | |
| Exercised | |
| | | |
$ | - | |
| Cancelled | |
| - | | |
$ | - | |
| Expired | |
| - | | |
$ | - | |
| Outstanding and expected to vest,
June 30, 2026 | |
| 10,330,000 | | |
$ | 10.25 | |
|
The following table summarizes the stock warrant
activity for the years ended December 31, 2025 and 2024:
| | |
Warrants | | |
Weighted- Average Exercise
Price Per Share | |
| Outstanding and exercisable, January 1, 2024 | |
| 14,564,000 | | |
$ | 11.50 | |
| Granted | |
| 1,650,000 | | |
$ | 2.82 | |
| Exercised | |
| - | | |
$ | - | |
| Forfeited | |
| - | | |
$ | - | |
| Expired | |
| (300,000 | ) | |
$ | (11.50 | ) |
| Outstanding, December 31, 2024 | |
| 15,914,000 | | |
$ | 10.69 | |
| Granted | |
| - | | |
$ | - | |
| Exercised | |
| - | | |
$ | - | |
| Cancelled | |
| (5,584,000 | ) | |
$ | (11.50 | ) |
| Expired | |
| - | | |
$ | - | |
| Outstanding and expected to vest, December 31, 2025 | |
| 10,330,000 | | |
$ | 10.25 | |
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| Schedule of Outstanding and Exercisable Warrants |
The following table discloses information
regarding outstanding and exercisable warrants at June 30, 2026:
| | | | Outstanding | | | Exercisable | | | Exercise Price Range | | | Number of Warrant Shares | | | Weighted Average Exercise Price | | | Weighted Average Remaining Life (Years) | | | Number of Warrant Shares | | | Weighted Average Exercise Price | | | $ | 0.75 | | | | 1,200,000 | | | $ | 0.75 | | | | 0.30 | | | | 1,200,000 | | | $ | 0.75 | | | $ | 11.50 | | | | 9,130,000 | | | $ | 11.50 | | | | 2.38 | | | | 9,130,000 | | | $ | 11.50 | | | | | | | | 10,330,000 | | | | 10.25 | | | | 2.13 | | | | 10,330,000 | | | | 10.25 | |
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