STOCKHOLDERS’ EQUITY (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Equity [Abstract] |
|
| SCHEDULE OF RSU ACTIVITY |
A
summary of the RSU activity during the year ended December 31, 2025 is presented below:
SCHEDULE OF RSU ACTIVITY
| |
|
|
|
|
Weighted |
|
|
Weighted |
|
| |
|
|
|
|
Average |
|
|
Average |
|
| |
|
Number
of |
|
|
Grant
Date |
|
|
Grant
Date |
|
| |
|
Shares |
|
|
Fair
Value Per Share |
|
|
Fair
Value |
|
| Unvested,
January 1, 2025 |
|
|
1,160,667 |
|
|
$ |
3.32 |
|
|
|
3,850 |
|
| Granted |
|
|
1,713,160 |
|
|
|
1.25 |
|
|
|
2,136 |
|
| Vested |
|
|
(1,074,742 |
) |
|
|
2.74 |
|
|
|
(2,940 |
) |
| Cancelled/forfeited/expired |
|
|
(324,642 |
) |
|
|
2.32 |
|
|
|
(755 |
) |
| Unvested,
December 31, 2025 |
|
|
1,474,443 |
|
|
$ |
1.57 |
|
|
$ |
2,291 |
|
|
| SUMMARY OF BLACK-SCHOLES OPTION PRICING MODEL TO STOCK OPTIONS GRANTED ASSUMPTION |
In
applying the Black-Scholes option pricing model to options granted, the Company used the following assumptions:
SUMMARY OF BLACK-SCHOLES OPTION PRICING MODEL TO STOCK OPTIONS GRANTED ASSUMPTION
| |
|
For
the Years Ended |
|
| |
|
December
31, |
|
| |
|
2025 |
|
|
2024 |
|
|
2023 |
|
| |
|
|
|
|
|
|
|
|
|
| Risk
free interest rate |
|
|
4.12 |
% |
|
|
3.60%-4.64 |
% |
|
|
3.00%-4.14
|
% |
| Expected
term (years) |
|
|
8.00 |
|
|
|
6.00 |
|
|
|
5.00 |
|
| Expected
volatility |
|
|
81 |
% |
|
|
110.3%-125.9 |
% |
|
|
115.9%-117.3 |
% |
| Expected
dividends |
|
|
0.00 |
% |
|
|
0.00 |
% |
|
|
0.00 |
% |
|
| SUMMARY OF OPTIONS ACTIVITY |
A
summary of the option activity during the year ended December 31, 2025 is presented below:
SUMMARY OF OPTIONS ACTIVITY
| |
|
|
|
|
|
|
|
Weighted |
|
|
|
|
| |
|
|
|
|
Weighted |
|
|
Average |
|
|
|
|
| |
|
|
|
|
Average |
|
|
Remaining |
|
|
Aggregate |
|
| |
|
Number
of |
|
|
Exercise |
|
|
Life |
|
|
Intrinsic |
|
| |
|
Shares |
|
|
Price |
|
|
In
Years |
|
|
Value |
|
| Outstanding,
January 1, 2025 |
|
|
986,165 |
|
|
$ |
26.27 |
|
|
|
|
|
|
|
|
|
| Granted |
|
|
100,257 |
|
|
|
2.55 |
|
|
|
|
|
|
|
|
|
| Cancelled/forfeited/expired |
|
|
(589,822 |
) |
|
|
33.03 |
|
|
|
|
|
|
|
|
|
| Outstanding,
December 31, 2025 |
|
|
496,600 |
|
|
$ |
13.43 |
|
|
|
3.3 |
|
|
$ |
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable,
December 31, 2025 |
|
|
415,853 |
|
|
$ |
15.60 |
|
|
|
2.5 |
|
|
$ |
- |
|
|
| SCHEDULE OF STOCK OPTIONS |
The
following table presents information related to stock options as of December 31, 2025:
SCHEDULE OF STOCK OPTIONS
| |
|
Options
Outstanding |
|
|
Options
Exercisable |
|
| |
|
Weighted |
|
|
|
|
|
Weighted |
|
|
|
|
| Range
of |
|
Average |
|
|
Outstanding |
|
|
Average |
|
|
Exercisable |
|
| Exercise |
|
Exercise |
|
|
Number
of |
|
|
Remaining
Life |
|
|
Number
of |
|
| Price |
|
Price |
|
|
Options |
|
|
In
Years |
|
|
Options |
|
| $0.97-$9.14 |
|
$ |
2.62 |
|
|
|
302,948 |
|
|
|
2.2 |
|
|
|
222,201 |
|
| $15.51-$38.45 |
|
$ |
28.69 |
|
|
|
177,748 |
|
|
|
2.9 |
|
|
|
177,748 |
|
| $40.82-$59.22 |
|
$ |
48.86 |
|
|
|
15,904 |
|
|
|
1.6 |
|
|
|
15,904 |
|
| |
|
|
13.43 |
|
|
|
496,600 |
|
|
|
2.5 |
|
|
|
415,853 |
|
|
| SUMMARY OF BLACK-SCHOLES OPTION PRICING MODEL TO WARRANTS GRANTED ASSUMPTION |
In
applying the Black-Scholes option pricing model to warrants granted, the Company used the following assumptions:
SUMMARY OF BLACK-SCHOLES OPTION PRICING MODEL TO WARRANTS GRANTED ASSUMPTION
| |
|
For
the Years Ended |
|
| |
|
December
31, |
|
| |
|
2025 |
|
|
2024 |
|
|
2023 |
|
| |
|
|
|
|
|
|
|
|
|
| Risk
free interest rate |
|
|
3.68 |
% |
|
|
N/A |
|
|
|
3.39%-4.03 |
% |
| Expected
term (years) |
|
|
1.67-3.01 |
|
|
|
N/A |
|
|
|
5.00 |
|
| Expected
volatility |
|
|
83.3%-84.9 |
% |
|
|
N/A |
|
|
|
115.9%-133.4
|
% |
| Expected
dividends |
|
|
0.00 |
% |
|
|
N/A |
|
|
|
0.00 |
% |
|
| SCHEDULE OF WARRANT ACTIVITY |
The
following table accounts for the Company’s warrant activity for the year ended December 31, 2025:
SCHEDULE OF WARRANT ACTIVITY
| |
|
|
|
|
|
|
|
Weighted |
|
|
|
|
| |
|
|
|
|
Weighted |
|
|
Average |
|
|
|
|
| |
|
|
|
|
Average |
|
|
Remaining |
|
|
Aggregate |
|
| |
|
Number
of |
|
|
Exercise |
|
|
Life |
|
|
Intrinsic |
|
| |
|
Shares |
|
|
Price |
|
|
In
Years |
|
|
Value |
|
| Outstanding,
January 1, 2025 |
|
|
1,145,914 |
|
|
$ |
9.69 |
|
|
|
|
|
|
|
|
|
| Issued |
|
|
5,498,177 |
|
|
|
0.28 |
|
|
|
|
|
|
|
|
|
| Exercised |
|
|
(653,118 |
) |
|
|
0.01 |
|
|
|
|
|
|
|
|
|
| Outstanding,
December 31, 2025 |
|
|
5,990,973 |
|
|
$ |
2.11 |
|
|
|
1.9 |
|
|
$ |
2,132,004 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable,
December 31, 2025 |
|
|
3,563,384 |
|
|
$ |
2.11 |
|
|
|
2.3 |
|
|
$ |
2,132,004 |
|
|
| SCHEDULE OF STOCK WARRANTS |
The
following table presents information related to stock warrants as of December 31, 2025:
SCHEDULE OF STOCK WARRANTS
| |
|
Warrants
Outstanding |
|
|
Warrants
Exercisable |
|
| |
|
Weighted |
|
|
|
|
|
Weighted |
|
|
|
|
| Range
of |
|
Average |
|
|
Outstanding |
|
|
Average |
|
|
Exercisable |
|
| Exercise |
|
Exercise |
|
|
Number
of |
|
|
Remaining
Life |
|
|
Number
of |
|
| Price |
|
Price |
|
|
Warrants |
|
|
In
Years |
|
|
Warrants |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| $0.01 |
|
$ |
0.01 |
|
|
|
3,245,059 |
|
|
|
1.3 |
|
|
|
817,470 |
|
| $0.9375 |
|
$ |
0.9375 |
|
|
|
1,600,000 |
|
|
|
3.0 |
|
|
|
1,600,000 |
|
| $8.82-$11.56 |
|
$ |
9.69 |
|
|
|
1,145,914 |
|
|
|
2.2 |
|
|
|
1,145,914 |
|
| |
|
|
|
|
|
|
5,990,973 |
|
|
|
2.3 |
|
|
|
3,563,384 |
|
|