Stockholders’ Equity (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
| Stockholders’ Equity [Abstract] |
|
| Schedule of Restricted Stock Activity |
A summary of restricted stock
activity during the period January 1, 2024 to December 31, 2025 is as follows:
| |
|
Total
restricted
shares |
|
|
Weighted
average
fair market
value per
share |
|
|
Total
unvested
restricted
shares |
|
|
Weighted
average
fair market
value per
share |
|
|
Total
vested
restricted
shares |
|
|
Weighted
average
fair market
value per share |
|
| Outstanding January 1, 2024 |
|
|
783,167 |
|
|
$ |
1.5000 |
|
|
|
- |
|
|
$ |
- |
|
|
|
783,167 |
|
|
$ |
1.50 |
|
| Granted and issued |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Forfeited/Cancelled |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Vested |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Outstanding December 31, 2024 |
|
|
783,167 |
|
|
$ |
1.5000 |
|
|
|
- |
|
|
$ |
- |
|
|
|
783,167 |
|
|
$ |
1.50 |
|
| Granted and issued |
|
|
67,500,000 |
|
|
|
0.0037 |
|
|
|
- |
|
|
|
- |
|
|
|
67,500,000 |
|
|
|
0.0037 |
|
| Forfeited/Cancelled |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Vested |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
| Outstanding December 31, 2025 |
|
|
68,283,167 |
|
|
$ |
0.0207 |
|
|
|
- |
|
|
$ |
- |
|
|
|
68,283,167 |
|
|
$ |
0.0207 |
|
|
| Schedule of Restricted Stock Granted, Issued and Exercisable |
The restricted stock granted, issued
and exercisable at December 31, 2025 is as follows:
| | | |
Restricted Stock Granted and Vested | |
| Grant date Price | | |
Number Granted | | |
Weighted Average Fair Value per Share | |
| $ | 0.0037 | | |
| 67,500,000 | | |
| 0.0037 | |
| $ | 1.4700 | | |
| 683,167 | | |
$ | 1.4700 | |
| $ | 1.5000 | | |
| 33,333 | | |
| 1.5000 | |
| $ | 1.6500 | | |
| 66,667 | | |
| 1.6500 | |
| | | | |
| 68,283,167 | | |
$ | 0.0207 | |
|
| Schedule of Fair Value of the Warrants Granted and Issued |
The
fair value of the warrants granted and issued, as described above, were determined by using a Black Scholes valuation model using the
following assumptions:
| |
|
Year ended
December 31,
2025 |
|
|
Year ended
December 31,
2024 |
|
| |
|
|
|
|
|
|
| Conversion price |
|
$ |
0.0005 to 0.084 |
|
|
$ |
0.084 to 0.345 |
|
| Risk free interest rate |
|
|
3.77 to 4.46 |
% |
|
|
3.73 to 4.56 |
% |
| Expected life of derivative liability |
|
|
1 to 5 years |
|
|
|
1 to 5 years |
|
| Expected volatility of underlying stock |
|
|
183.1 to 352.45 |
% |
|
|
177.78 to 191.61 |
% |
| Expected dividend rate |
|
|
0 |
% |
|
|
0 |
% |
The fair value
of the options granted were determined by using a Black Scholes valuation model using the following assumptions:
| |
|
Year ended
December 31,
2025 |
|
|
Year ended
December 31,
2024 |
|
| |
|
|
|
|
|
|
| Conversion price |
|
$ |
0.09 |
|
|
$ |
- |
|
| Risk free interest rate |
|
|
4.67 |
% |
|
|
- |
% |
| Expected life of derivative liability |
|
|
10 years |
|
|
|
- |
|
| Expected volatility of underlying stock |
|
|
200.7 |
% |
|
|
- |
% |
| Expected dividend rate |
|
|
0 |
% |
|
|
- |
% |
|
| Schedule of Warrant Activity |
A
summary of warrant activity during the period January 1, 2024 to December 31, 2025 is as follows:
| | |
Shares
Underlying
Warrants | | |
Exercise
price per
share | | |
Weighted average
exercise
price | |
| Outstanding January 1, 2024 | |
| 10,442,093 | | |
$ | 0.345 to 5.625 | | |
$ | 0.626500 | |
| Granted | |
| 1,796,493 | | |
| 0.084 to 0.345 | | |
| 0.267000 | |
| Increase in warrants issued due to anti-dilution price protection | |
| 9,773,028 | | |
| 0.0840 | | |
| 0.084000 | |
| Forfeited | |
| - | | |
| - | | |
| - | |
| Exercised | |
| - | | |
| - | | |
| - | |
| Outstanding December 31, 2024 | |
| 22,011,614 | | |
$ | 0.084 – 5.625 | | |
$ | 0.319900 | |
| Granted | |
| 55,204,761 | | |
| 0.005 to 0.084 | | |
| 0.00474 | |
| Increase in warrants issued due to anti-dilution price protection | |
| 2,157,367,790 | | |
| 0.0005 | | |
| 0.00050 | |
| Cancellation of warrants exchanged for common stock | |
| (1,853,425,066 | ) | |
| 0.0005 to $4.50 | | |
| 0.00149 | |
| Forfeited | |
| (531,165 | ) | |
| 0.0005 to 1.035 | | |
| 0.97430 | |
| Exercised | |
| - | | |
| - | | |
| - | |
| Outstanding December 31, 2025 | |
| 380,627,934 | | |
$ | 0.0005 – 5.625 | | |
$ | 0.01052 | |
|
| Schedule of Warrants Outstanding and Exercisable |
The warrants outstanding and exercisable
at December 31, 2025 are as follows:
| | | | Warrants Outstanding | | | Warrants Exercisable | | | Exercise Price* | | | Number Outstanding | | | Weighted Average Remaining Contractual life in years | | | Weighted Average Exercise Price | | | Number Exercisable | | | Weighted Average Exercise Price | | | Weighted Average Remaining Contractual life in years | | | $ | 0.000500 | | | | 370,585,100 | | | | 3.25 | | | | | | | | 370,585,100 | | | | | | | | 3.25 | | | $ | 0.010000 | | | | 2,550,000 | | | | 4.76 | | | | | | | | 2,550,000 | | | | | | | | 4.76 | | | $ | 0.345000 | | | | 6,939,718 | | | | 2.69 | | | | | | | | 6,939,718 | | | | | | | | 2.69 | | | $ | 0.450000 | | | | 266,668 | | | | 2.48 | | | | | | | | 266,668 | | | | | | | | 2.48 | | | $ | 1.500000 | | | | 33,334 | | | | 2.61 | | | | | | | | 33,334 | | | | | | | | 2.61 | | | $ | 4.500000 | | | | 172,225 | | | | 0.21 | | | | | | | | 172,225 | | | | | | | | 0.21 | | | $ | 5.625000 | | | | 80,889 | | | | 0.21 | | | | | | | | 80,889 | | | | | | | | 0.21 | | | | | | | | 380,627,934 | | | | 3.25 | | | $ | 0.01052 | | | | 380,627,934 | | | $ | 0.01052 | | | | 3.25 | |
|
| Schedule of Option Activity |
A summary of option activity during
the period January 1, 2024 to December 31, 2025 is as follows:
| | |
Shares Underlying options | | |
Exercise price per share | | |
Weighted average exercise price | |
| Outstanding January 1, 2024 | |
| 1,520,002 | | |
| $1.20 to 4.50 | | |
$ | 4.46 | |
| Granted | |
| - | | |
| - | | |
| - | |
| Forfeited/Cancelled | |
| (6,667 | ) | |
| 1.20 | | |
| 1.20 | |
| Exercised | |
| - | | |
| - | | |
| - | |
| Outstanding December 31, 2024 | |
| 1,513,335 | | |
| $1.20 to 4.50 | | |
$ | 4.47 | |
| Granted | |
| 600,000 | | |
| 0.09 | | |
| 0.09 | |
| Forfeited/Cancelled | |
| (333,334 | ) | |
| 4.50 | | |
| 4.50 | |
| Exercised | |
| - | | |
| - | | |
| - | |
| Outstanding December 31, 2025 | |
| 1,780,001 | | |
| $0.09 to 4.50 | | |
$ | 2.989 | |
|
| Schedule of Options Outstanding and Exercisable |
The options outstanding and exercisable
at December 31 2025 are as follows:
| | | | Options Outstanding | | | Options Exercisable | | | Exercise Price* | | | Number Outstanding | | | Weighted Average Remaining Contractual life in years | | | Weighted Average Exercise Price | | | Number Exercisable | | | Weighted Average Exercise Price | | | Weighted Average Remaining Contractual life in years | | | $ | 0.09 | | | | 600,000 | | | | 9.02 | | | | | | | | 400,000 | | | | | | | | 9.02 | | | $ | 1.20 | | | | 13,334 | | | | 6.71 | | | | | | | | 13,334 | | | | | | | | 6.71 | | | $ | 4.50 | | | | 1,166,667 | | | | 6.01 | | | | | | | | 1,166,667 | | | | | | | | 6.01 | | | | | | | | 1,780,001 | | | | 7.03 | | | $ | 2.989 | | | | 1,580,001 | | | $ | 3.36 | | | | 6.78 | |
|