v3.26.3
Share-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2026
Retirement Benefits [Abstract]  
Schedule of Restricted Stock

The following table summarizes restricted stock activity during the nine months ended September 30, 2026:

 

Schedule of Restricted Stock 

  

Unvested

Shares

  

Issuable

Shares

  

Fair Value

at Date of

Issuance

  

Weighted

Average

Grant Date

Fair Value

 
Balance, December 31, 2025   961,112    -   $2,880,889    2.96 
Granted   1,400,000    -    1,456,000    1.04 
Vested   (681,595)   681,595    -    - 
Forfeited   -              - 
Issued   -    (681,595)   (1,461,945)   - 
Balance, September 30, 2026   1,679,517    -   $2,874,944   $1.71 
Schedule of Stock Options

Stock option activity during the nine months ended September 30, 2026 is as follows:

 

Schedule of Stock Options 

  

Number of

Shares

  

Weighted-

Average

Exercise Price

  

Weighted-Average

Remaining

Contractual Term

(Years)

  

Aggregate

Intrinsic Value

 
Balance at December 31, 2025   4,047,222   $4.28    8.16   $178,975 
Granted   820,000    1.02           
Exercised   -    -           
Forfeited and expired   (770,222)   2.63           
Balance at September 30, 2026   4,097,000    2.78    8.26    - 
Options vested and exercisable at September 30, 2026   2,935,417   $3.47    7.89   $- 
Schedule of Options Summarized by Exercise Price

The exercise prices of common stock options outstanding and exercisable at September 30, 2026 are as follows:

 

Schedule of Options Summarized by Exercise Price 

Exercise Prices   Options Outstanding (Shares)   Options Exercisable (Shares) 
$0.92    960,000    484,722 
$0.95    55,000    4,583 
$1.03    765,000    146,667 
$1.05    7,500    7,500 
$1.25    22,000    21,528 
$3.35    35,000    35,000 
$4.22    2,252,500    2,235,417 
      4,097,000    2,935,417