COMMON STOCK OPTIONS, WARRANTS AND RESTRICTED STOCK (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Share-Based Payment Arrangement [Abstract] |
|
| Schedule of options activity |
| Schedule
of options activity |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
Shares |
|
|
Weighted
Average
Exercise
Price |
|
|
Weighted
Average
Remaining
Contractual
Term (Years) |
|
|
Aggregate
Intrinsic
Value |
|
| |
Outstanding at December 31, 2025 |
|
|
|
355,003 |
|
|
$ |
5.00 |
|
|
|
1.8 |
|
|
$ |
2,219,665 |
|
| |
Granted |
|
|
|
5,000 |
|
|
$ |
11.44 |
|
|
|
4.8 |
|
|
$ |
— |
|
| |
Exercised |
|
|
|
(119,581 |
) |
|
$ |
4.74 |
|
|
|
— |
|
|
$ |
— |
|
| |
Forfeited/Expired |
|
|
|
(36,666 |
) |
|
$ |
4.20 |
|
|
|
— |
|
|
$ |
— |
|
| |
Outstanding at June 30, 2026 |
|
|
|
203,756 |
|
|
$ |
5.45 |
|
|
|
1.4 |
|
|
$ |
1,334,146 |
|
| |
Exercisable at June 30, 2026 |
|
|
|
192,089 |
|
|
$ |
5.29 |
|
|
|
1.2 |
|
|
$ |
1,288,965 |
|
|
| Schedule of fair value of warrants |
| Schedule of fair value of warrants |
|
|
|
|
|
|
| |
|
During the Six Months Ended
June 30, |
|
| |
|
2026 |
|
|
2025 |
|
| Stock price |
|
$ |
11.25 |
|
|
$ |
— |
|
| Exercise Price |
|
$ |
11.44 |
|
|
$ |
— |
|
| Risk free interest rate |
|
|
3.55 |
% |
|
|
— |
|
| Expected term in years |
|
|
5 |
|
|
|
— |
|
| Dividend yield |
|
|
— |
|
|
|
— |
|
| Volatility of common stock |
|
|
93.67 |
% |
|
|
— |
|
|
| Schedule of assumptions |
| Schedule of assumptions |
|
|
|
| Date of Grant |
|
March 2, 2026 |
|
| Stock Price |
|
$ |
7.61 |
|
| Exercise Price |
|
$ |
9.00 |
|
| Expected Remaining Term (Years) |
|
|
5.00 |
|
| Expected Volatility |
|
|
92 |
% |
| Dividend Yield |
|
|
0 |
% |
| Discount Rate - Bond Equivalent Yield |
|
|
3.620 |
% |
|
| Schedule of warrants |
|
Schedule of warrants |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Number of
Warrants |
|
|
Weighted
Average
Exercise
Price |
|
|
Weighted
Average
Remaining
Contractual
Term (Years) |
|
|
Aggregate
Intrinsic
Value |
|
| Outstanding at December 31, 2025 |
|
|
375,276 |
|
|
$ |
7.20 |
|
|
|
4.6 |
|
|
$ |
1,519,868 |
|
| Warrants expired, forfeited, cancelled or exercised |
|
|
(75,054 |
) |
|
$ |
7.20 |
|
|
|
4.1 |
|
|
$ |
— |
|
| Warrants issued |
|
|
433,334 |
|
|
$ |
9.00 |
|
|
|
5.0 |
|
|
$ |
— |
|
| Outstanding at June 30, 2026 |
|
|
733,556 |
|
|
$ |
8.26 |
|
|
|
4.4 |
|
|
$ |
2,741,068 |
|
| Exercisable at June 30, 2026 |
|
|
733,556 |
|
|
$ |
8.26 |
|
|
|
4.4 |
|
|
$ |
2,741,068 |
|
|
| Schedule of Pre-funded warrants |
| Schedule of Pre-funded warrants |
|
|
|
|
|
|
| |
|
Number of
Pre-funded Warrants |
|
|
Exercise
Price |
|
| Outstanding at December 31, 2025 |
|
|
— |
|
|
$ |
— |
|
| Pre-funded warrants issued |
|
|
3,800,000 |
|
|
$ |
0.001 |
|
| Outstanding at June 30, 2026 |
|
|
3,800,000 |
|
|
$ |
0.001 |
|
| Exercisable at June 30, 2026 |
|
|
3,800,000 |
|
|
$ |
0.001 |
|
|
| Schedule of restricted stock |
| Schedule of restricted stock |
|
|
|
|
|
|
| |
|
Number of
Shares |
|
|
Weighted
Average
Grant
Date Fair Value Per Share |
|
| Unvested at December 31, 2025 |
|
|
1,964,398 |
|
|
$ |
6.15 |
|
| Restricted stock granted |
|
|
420,000 |
|
|
$ |
10.70 |
|
| Restricted stock forfeited |
|
|
(417,277 |
) |
|
$ |
7.95 |
|
| Restricted stock vested |
|
|
(10,000 |
) |
|
$ |
5.98 |
|
| Unvested at June 30, 2026 |
|
|
1,957,121 |
|
|
$ |
6.74 |
|
| Vested at June 30, 2026 |
|
|
30,000 |
|
|
$ |
5.47 |
|
|