| Schedule of Stock Option Activity |
A
summary of stock option activity under the 2023 Equity Incentive Plan (“Plan”) during the six months ended June 30, 2026
is as follows:
Schedule of Stock Option Activity
| | |
Shares Underlying Options | | |
Weighted Average Exercise Price | | |
Weighted Average Remaining Contractual Term (in years) | | |
Intrinsic Value | |
| Outstanding at December 31, 2025 | |
| 67 | | |
$ | 91,319.80 | | |
| 8.64 | | |
$ | — | |
| Forfeited | |
| — | | |
| 19,242.90 | | |
| — | | |
| — | |
| | |
| - | | |
| - | | |
| | | |
| | |
| | |
| - | | |
| - | | |
| | | |
| | |
| Outstanding at June 30, 2026 | |
| 67 | | |
$ | 93,470.30 | | |
| 7.95 | | |
$ | — | |
| Exercisable at June 30, 2026 | |
| 22 | | |
$ | 150,518.50 | | |
| 7.21 | | |
$ | — | |
|
A
summary of stock option activity under the Plan is as follows:
Schedule of Stock Option Activity
| | |
Shares
Underlying
Options | | |
Weighted
Average
Exercise
Price | | |
Weighted
Average
Remaining
Contractual
Term
(in years) | | |
Intrinsic
Value | |
| Outstanding
at December 31, 2024 | |
| 13 | | |
$ | 323,660.00 | | |
| 8.52 | | |
$ | — | |
| Granted | |
| 50 | | |
| 42,090.00 | | |
| — | | |
| — | |
| Expired | |
| — | | |
| 495,932.00 | | |
| — | | |
| — | |
| Forfeited | |
| — | | |
| 340,094.00 | | |
| — | | |
| — | |
| Outstanding
at December 31, 2025 | |
| 63 | | |
$ | 68,748.00 | | |
| 8.64 | | |
| — | |
| Exercisable
at December 31, 2025 | |
| 20 | | |
$ | 122,069.90 | | |
| 8.15 | | |
$ | — | |
|
| Summary of Activity with Respect Status of, RSUs |
A
summary of the RSU activity during the six months ended June 30, 2026 is as follows:
Summary of Activity with Respect Status of, RSUs
| | |
Units | | |
Weighted Average Grant Date Fair Value | |
| Outstanding at December 31, 2025 | |
| 2,070 | | |
$ | 1,151.10 | |
| Granted | |
| 4,459 | | |
| 219.60 | |
| Vested | |
| (4,213 | ) | |
| 409.20 | |
| Forfeited | |
| (24 | ) | |
| 2,173.00 | |
| Outstanding at June 30, 2026 | |
| 2,292 | | |
$ | 691.70 | |
|
A
summary of the activity with respect to, and status of, RSUs during the year ended December 31, 2025 is presented below:
Summary of Activity with Respect Status of, RSUs
| | |
Units | | |
Weighted
Average
Grant
Date Fair
Value | |
| Outstanding
at December 31, 2024 | |
| 170 | | |
$ | 3,480.00 | |
| Granted | |
| 2,978 | | |
| 1,406.00 | |
| Vested | |
| (1,005 | ) | |
| 2,382.00 | |
| Forfeited | |
| (73 | ) | |
| 1,698.00 | |
| Outstanding
at December 31, 2025 | |
| 2,070 | | |
$ | 1,490.00 | |
|
| Schedule of Assumptions Used to Compute Fair Value |
|
The
following table summarizes assumptions used to compute the fair value of options granted:
Schedule of Assumptions Used to Compute Fair Value
| | |
| Year
Ended December 31, | |
| | |
| 2025 | | |
| 2024 | |
| Stock
price | |
| N/A | | |
$ | 29,200.00
- 61,000.00 | |
| Exercise price | |
| N/A | | |
$ | 29,200.00
- 500,000.00 | |
| Expected
volatility | |
| N/A | | |
| 61.00
- 62.12 | % |
| Expected
term (in years) | |
| N/A | | |
| 5.61
- 6.08 | |
| Risk-free
interest rate | |
| N/A | | |
| 4.20
- 4.45 | % |
|