v3.26.3
Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2026
Stock-Based Compensation [Abstract]  
Schedule of Stock Option Activity

A summary of stock option activity during the nine months ended September 30, 2026, is as follows:

 

                Weighted        
          Weighted     Average        
          Average     Remaining     Aggregate  
    Number of     Exercise     Life     Intrinsic  
    Options     Price     In Years     Value  
Outstanding, January 1, 2026     1,428,006     $ 4.40                  
Granted     104,923       4.69                  
Exercised     -       -                  
Expired     -       -                  
Forfeited     -       -                  
Outstanding as of September 30, 2026     1,532,929     $ 4.42       9.0     $ 889,758  
                                 
Exercisable as of September 30, 2026     547,952     $ 4.45       9.0     $ 298,771  
Schedule of Stock Options Granted Using the Black-Scholes Valuation Model

The Company estimated the fair value of the stock options granted using the Black-Scholes valuation model with the following assumptions:

 

    For the Three Months Ended   For the Nine Months Ended
    September 30,   September 30,
    2026   2025   2026   2025
                 
Risk-free interest rate   N/A   3.62%-3.67%   3.94%-4.05%   3.62%-3.67%
Expected term (years)   N/A   5.50-6.00   5.00-5.73   5.50-6.00
Expected volatility   N/A   95%-97%   82%   95%-97%
Expected dividends   N/A   0%   0%   0%