v3.26.1
Stockholders’ Equity (Tables)
12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Schedule of fair value of warrants

The weighted average grant date fair value of warrants issued during 2025 was $22.47. The fair value of each warrant issued was estimated on the date of grant using a lattice valuation model with the following assumptions:

 

 Schedule of fair value of warrants

Expected dividend yield at date of issuance   0.0%
Risk-free interest rate   3.9% - 4.2%
Expected stock price volatility   90.6% - 140.0%
Expected life of warrants (years)   5.2 – 10.2 
Schedule of Activity for warrants

The following table summarizes activity for warrants for the year ended December 31, 2025:

 

Warrants  Units   Weighted
Average
Exercise Price
   Weighted
Average Remaining
Contractual Term (yrs)
 
Outstanding, December 31, 2024   4,516   $359.38    2.3 
Issued   872,800    26.72    - 
Exercised   -    -    - 
Expired   -    -    - 
Outstanding, December 31, 2025   877,316   $28.43    9.5