Stockholders’ Equity (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Equity [Abstract] |
|
| Schedule of Activity of Warrant |
A
summary of activity of the warrants during the six months ended June 30, 2026 as follows:
Schedule
of Activity of Warrant
| |
|
Number of |
|
|
Weighted average |
|
|
Average |
|
| |
|
shares |
|
|
Exercise Price |
|
|
Life (years) |
|
| Outstanding, December 31, 2025 |
|
|
5,380,661 |
|
|
$ |
2.20 |
|
|
|
4.52 |
|
| Granted |
|
|
1,945,792 |
|
|
|
5.90 |
|
|
|
5.00 |
|
| Granted – pre-funded warrants |
|
|
5,425,001 |
|
|
|
0.0001 |
|
|
|
5.00 |
|
| Exercised – pre-funded warrants |
|
|
(5,425,001 |
) |
|
|
0.0001 |
|
|
|
- |
|
| Exercised |
|
|
(3,742,380 |
) |
|
|
1.75 |
|
|
|
- |
|
| Outstanding, June 30, 2026 |
|
|
3,584,073 |
|
|
$ |
4.66 |
|
|
|
4.37 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable, June 30, 2026 |
|
|
3,584,073 |
|
|
$ |
4.66 |
|
|
|
4.37 |
|
|
| Schedule of Stock Option Expense |
During
the three and six months ended June 30, 2026 and 2025, the Company recognized stock option expense as follows.
Schedule of Stock Option Expense
| |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
| |
|
Three Months Ended |
|
|
Six Months Ended |
|
| |
|
June 30, |
|
|
June 30, |
|
| |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
| Stock option expense (Forfeiture reversal) |
|
$ |
(45,685 |
) |
|
$ |
87,180 |
|
|
$ |
34,393 |
|
|
$ |
223,632 |
|
|
| Schedule of Activity of Stock Options |
A
summary of activity of the stock options during the six months ended June 30, 2026, is as follows:
Schedule of Activity of Stock Options
| |
|
Options Outstanding |
|
|
Weighted Average |
|
| |
|
Number of |
|
|
Weighted Average |
|
|
Remaining life |
|
| |
|
Options |
|
|
Exercise Price |
|
|
(years) |
|
| |
|
|
|
|
|
|
|
|
|
| Outstanding, December 31, 2025 |
|
|
329,752 |
|
|
$ |
4.33 |
|
|
|
4.01 |
|
| Granted |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Exercised |
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Forfeited/cancelled |
|
|
(43,109 |
) |
|
|
8.73 |
|
|
|
- |
|
| Outstanding, June 30, 2026 |
|
|
286,643 |
|
|
$ |
3.67 |
|
|
|
3.60 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable options, June 30, 2026 |
|
|
129,976 |
|
|
$ |
5.06 |
|
|
|
3.18 |
|
|
| Schedule of Stock Compensation Expense |
During
the three and six months ended June 30, 2026 and 2025, the Company recognized stock compensation expense related to unvested RSUs as
follows.
Schedule
of Stock Compensation Expense
| |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
| |
|
Three Months Ended |
|
|
Six Months Ended |
|
| |
|
June 30, |
|
|
June 30, |
|
| |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
| RSU compensation expense |
|
$ |
27,803 |
|
|
$ |
97,268 |
|
|
$ |
162,852 |
|
|
$ |
172,946 |
|
|
| Schedule of Restricted Stock Activity |
A
summary of activity of the RSUs during the six months ended June 30, 2026, is as follows:
Schedule
of Restricted Stock Activity
| |
|
RSUs Outstanding |
|
| |
|
Number of |
|
|
Weighted Average |
|
| |
|
RSUs |
|
|
Fair value |
|
| |
|
|
|
|
|
|
| Unvested RSU, December 31, 2025 |
|
|
326,425 |
|
|
$ |
2.09 |
|
| Adjustment |
|
|
33,880 |
|
|
|
2.09 |
|
| Granted |
|
|
3,922 |
|
|
|
2.55 |
|
| Vested |
|
|
(54,380 |
) |
|
|
1.71 |
|
| Forfeited/cancelled |
|
|
(76,900 |
) |
|
|
1.95 |
|
| Unvested RSU, June 30, 2026 |
|
|
232,947 |
|
|
$ |
2.23 |
|
|