STOCKHOLDERS’ EQUITY (Tables)
|
9 Months Ended |
Sep. 30, 2026 |
|---|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
| SCHEDULE OF BLACK-SCHOLES OPTION PRICING MODELS FOR WARRANT-BASED STOCK COMPENSATION |
The
following assumptions were used in calculations of the Black-Scholes option pricing models for option and warrant-based stock compensation
issued in the nine months ended September 30, 2026, and 2025:
SCHEDULE OF BLACK-SCHOLES OPTION PRICING MODELS FOR WARRANT-BASED STOCK COMPENSATION
| | |
September 30, 2026 | | |
September 30, 2025 | |
| Exercise price | |
$ | 0.115 - 0.18 | | |
$ | 0.11 – 0.15 | |
| Risk-free interest rate | |
| 3.74% - 4.77 | % | |
| 3.81% - 4.54 | % |
| Expected term (in years) | |
| 5.0 to 10.0 | | |
| 5.0 to 10.0 | |
| Expected share price volatility | |
| 83.73 - 102.26 | % | |
| 106.12 - 109.69 | % |
| Expected dividend yield | |
| 0.0% - 0.0 | % | |
| 0.0% - 0.0 | % |
|
| Warrant [Member] |
|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
| SCHEDULE OF OPTION ACTIVITY |
A
summary of warrant activity for the year ended December 31, 2025 and nine months ended September 30, 2026 is as follows:
SCHEDULE OF WARRANT ACTIVITY
| | |
Number of Warrants | | |
Weighted Average Exercise Price | |
| | |
| | |
| |
| Balance, December 31, 2024 | |
| 27,446,495 | | |
$ | 0.21 | |
| Issued in connection with: | |
| | | |
| | |
| Common stock units sold for cash | |
| 6,830,000 | | |
| 0.16 | |
| Services | |
| 266,000 | | |
| 0.12 | |
| Debt-related interest | |
| 250,000 | | |
| 0.15 | |
| Debt conversion | |
| 625,000 | | |
| 0.10 | |
| Expired | |
| (500,000 | ) | |
| 0.20 | |
| Exercised | |
| (750,000 | ) | |
| 0.09 | |
| Balance, December 31, 2025 | |
| 34,167,495 | | |
| 0.20 | |
| Issued in connection with: | |
| | | |
| | |
| Common stock units sold for cash | |
| 2,916,000 | | |
| 0.17 | |
| Services | |
| 50,000 | | |
| 0.15 | |
| Debt-related interest | |
| 280,000 | | |
| 0.15 | |
| Exercised | |
| (1,300,000 | ) | |
| 0.10 | |
| Expired | |
| (3,350,000 | ) | |
| 0.20 | |
| Balance, September 30, 2026 | |
| 32,763,495 | | |
| 0.20 | |
|
| Stock Options [Member] |
|
| Accumulated Other Comprehensive Income (Loss) [Line Items] |
|
| SCHEDULE OF OPTION ACTIVITY |
A
summary of option activity for the year ended December 31, 2025, and nine months ended September 30, 2026, is as follows:
SCHEDULE OF OPTION ACTIVITY
| | |
Number of Options | | |
Weighted Average Exercise Price | |
| Balance, December 31, 2024 | |
| 88,971,571 | | |
$ | 0.13 | |
| Options granted | |
| 12,774,470 | | |
| 0.12 | |
| Options expired | |
| (3,658,335 | ) | |
| 0.15 | |
| Options exercised | |
| (650,000 | ) | |
| 0.06 | |
| Balance, December 31, 2025 | |
| 97,437,706 | | |
| 0.13 | |
| Options granted | |
| 26,360,001 | | |
| 0.12 | |
| Options expired | |
| (10,000 | ) | |
| 0.15 | |
| Options exercised | |
| - | | |
| - | |
| Balance, September 30, 2026 | |
| 123,787,707 | | |
| 0.13 | |
| Vested, September 30, 2026 | |
| 58,057,240 | | |
| 0.13 | |
|