v3.26.3
WARRANTS (Tables)
9 Months Ended
Sep. 30, 2026
Warrants  
SCHEDULE OF ROLL-FORWARD OF EQUITY WARRANTS

The following table presents a roll-forward of the Company’s equity warrants from January 1, 2026 to September 30, 2026:

 

   Public Warrants   Underwriters’
Warrants
   Pre-Funded
Underwriters’
Warrants
 
Warrants Outstanding, January 1, 2026   13,087    792    62,500 
Exercise of warrants   -    -    (62,500)
Warrants issued   -    -    - 
Underwriters’ Warrants Outstanding, September 30, 2026   13,087    792    - 
SCHEDULE OF SIGNIFICANT INPUTS OF FAIR VALUE OF WARRANTS

The following table provides the significant inputs to the Black-Scholes method for the fair value of the Investor Warrants issued in the June 2023 Offering:

 

   As of
September 30, 2026
   As of
December 31, 2025
 
Common stock price  $6.81   $26.00 
Exercise price  $1,440   $1,440 
Dividend yield   0%   0%
Term   1.73    2.48 
Volatility   154.1%   571.4%
Risk-free rate   3.7%   3.7%
Fair value  $0.18   $26.00 
SCHEDULE OF ROLL FORWARD OF LIABILITY CLASSIFIED WARRANTS

The following table presents a roll-forward of the Company’s warrants from January 1, 2026 to September 30, 2026:

 

   Private Warrants   Term Loan
Warrants
   Investor
Warrants
 
Warrants Outstanding, January 1, 2026   2,085    21,777    15,461 
Exercise of warrants   -    (21,777)   - 
Warrants issued   -    -    - 
Warrants expired   (2,085)   -    - 
Warrants Outstanding, September 30, 2026   -    -    15,461