Share-Based Compensation (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Retirement Benefits [Abstract] |
|
| Schedule of Restricted Stock |
The
following table summarizes restricted stock activity during the year ended December 31, 2025:
Schedule
of Restricted Stock
| | |
Unvested
Shares | | |
Issuable
Shares | | |
Fair Value
at Date of
Issuance | | |
Weighted
Average
Grant Date
Fair Value | |
| Balance, December 31, 2024 | |
| 1,320,834 | | |
| - | | |
$ | 4,531,224 | | |
| 3.43 | |
| Granted | |
| 450,000 | | |
| - | | |
| 405,000 | | |
| 0.90 | |
| Vested | |
| (797,917 | ) | |
| 797,917 | | |
| - | | |
| - | |
| Forfeited | |
| - | | |
| - | | |
| - | | |
| - | |
| Issued | |
| - | | |
| (797,917 | ) | |
| (2,055,335 | ) | |
| - | |
| Balance, December 31, 2025 | |
| 972,917 | | |
| - | | |
$ | 2,880,889 | | |
$ | 2.96 | |
|
| Schedule of Stock Options |
A
summary of stock option activity is presented below:
Schedule
of Stock Options
| | |
Number of | | |
Weighted Average | |
| | |
Options | | |
Exercise Price | |
| | |
| | |
| |
| Stock options outstanding at December 31, 2023 | |
| 743,116 | | |
| 4.43 | |
| Granted | |
| 3,405,500 | | |
| - | |
| Exercised | |
| (2,843 | ) | |
| - | |
| Expired or forfeited | |
| (23,943 | ) | |
| - | |
| Stock options outstanding at December 31, 2024 | |
| 4,121,830 | | |
$ | 4.28 | |
| Granted | |
| 1,170,000 | | |
| 0.92 | |
| Exercised | |
| - | | |
| 3.35 | |
| Expired or forfeited | |
| (1,244,608 | ) | |
| (1.05 | ) |
| Stock options outstanding at December 31, 2025 | |
| 4,047,222 | | |
$ | 4.28 | |
| Stock options exercisable at December 31, 2025 | |
| 2,519,444 | | |
$ | 4.32 | |
|
| Schedule of Options Summarized by Exercise Price |
The
exercise prices of common stock options outstanding and exercisable at December 31, 2025 are as follows:
Schedule
of Options Summarized by Exercise Price
| Exercise Prices | | |
Options Outstanding (Shares) | | |
Options Exercisable (Shares) | |
| $ | 0.92 | | |
| 992,222 | | |
| 318,611 | |
| $ | 1.05 | | |
| 7,500 | | |
| 7,500 | |
| $ | 1.25 | | |
| 24,000 | | |
| 24,000 | |
| $ | 1.50 | | |
| 400,000 | | |
| 400,000 | |
| $ | 3.35 | | |
| 61,000 | | |
| 61,000 | |
| $ | 4.42 | | |
| 2,562,500 | | |
| 1,708,333 | |
| | | | |
| 4,047,222 | | |
| 2,519,444 | |
|