SHARE-BASED COMPENSATION (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| SCHEDULE OF STOCK VALUATION ASSUMPTIONS |
The Company uses the Black-Scholes option pricing
model to estimate the fair value of the option awards. The table below summarizes the resulting weighted average inputs used to calculate
the estimated fair value of options awarded for the year ended December 31, 2025 and 2024.
SCHEDULE OF STOCK VALUATION ASSUMPTIONS
| | |
2025 | | |
2024 | |
| Risk-free interest rate | |
| 3.98 to 4.45 | % | |
| 1.80 to 1.82 | % |
| Expected dividend yield | |
| — | | |
| — | |
| Expected term | |
| 5.41 years | | |
| 5.02 – 5.28 years | |
| Expected volatility | |
| 50.92% to 52.84 | % | |
| 53.43 | % |
|
| SCHEDULE OF WARRANTS OUTSTANDING |
A summary of the Company’s warrants to purchase
common stock activity is as follows:
SCHEDULE OF WARRANTS OUTSTANDING
| | |
Number of Shares | | |
Weighted Average Exercise Price | | |
Weighted Average
Remaining Contractual
Life (in years) | | |
Aggregate Intrinsic Value | |
| Outstanding at January 1, 2024 | |
| 350,000 | | |
$ | 1.06 | | |
| 8.07 | | |
$ | — | |
| Issued | |
| — | | |
| — | | |
| — | | |
| — | |
| Exercised | |
| — | | |
| — | | |
| — | | |
| — | |
| Expired/Forfeited | |
| — | | |
| — | | |
| — | | |
| — | |
| Outstanding at December 31, 2024 | |
| 350,000 | | |
$ | 1.06 | | |
| 7.07 | | |
$ | — | |
| | |
| | | |
| | | |
| | | |
| | |
| Vested and exercisable December 31, 2024 | |
| — | | |
| — | | |
| — | | |
| — | |
| | |
Number of Shares | | |
Weighted Average Exercise Price | | |
Weighted Average
Remaining Contractual
Life (in years) | | |
Aggregate
Intrinsic
Value | |
| Outstanding at January 1, 2025 | |
| 350,000 | | |
$ | 1.06 | | |
| 7.07 | | |
$ | — | |
| Issued | |
| — | | |
| — | | |
| — | | |
| — | |
| Exercised | |
| — | | |
| — | | |
| — | | |
| — | |
| Expired/Forfeited | |
| — | | |
| — | | |
| — | | |
| — | |
| Outstanding at December 31, 2025 | |
| 350,000 | | |
$ | 1.06 | | |
| 6.07 | | |
$ | — | |
| | |
| | | |
| | | |
| | | |
| | |
| Vested and exercisable December 31, 2025 | |
| — | | |
| — | | |
| — | | |
| — | |
|
| SCHEDULE OF WARRANTS STOCK VALUATION ASSUMPTIONS |
SCHEDULE
OF WARRANTS STOCK VALUATION ASSUMPTIONS
| | |
December 31, 2025 | | |
December 31, 2024 | |
| Risk-free interest rate | |
| — | | |
| — | |
| Expected dividend yield | |
| — | | |
| — | |
| Expected term | |
| 0— | | |
| 0— | |
| Expected volatility | |
| — | | |
| — | |
|
| Time Based Options [Member] |
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| SCHEDULE OF STOCK OPTION ACTIVITY |
For the year ended December 31, 2025, stock option
activity for time-based options of the Company are as follows:
SCHEDULE OF STOCK OPTION ACTIVITY
| | |
Number of Time-Based Share
Options | | |
Weighted Average Exercise
Price | | |
Weighted Average
Remaining Contractual
Life (in years) | | |
Aggregate Intrinsic Value | |
| Outstanding at January 1, 2025 | |
| 550,711 | | |
$ | 1.36 | | |
| 7.87 | | |
$ | 7,390 | |
| Issued | |
| 608,500 | | |
| 1.56 | | |
| 9.12 | | |
| 63,103 | |
| Exercised | |
| — | | |
| — | | |
| — | | |
| — | |
| Expired/Forfeited | |
| — | | |
| — | | |
| — | | |
| — | |
| Outstanding at December 31, 2025 | |
| 1,159,211 | | |
$ | 1.47 | | |
| 8.05 | | |
$ | 151,318 | |
| | |
| | | |
| | | |
| | | |
| | |
| Vested and exercisable December 31, 2025 | |
| 349,753 | | |
$ | 1.52 | | |
| 6.54 | | |
$ | 47,023 | |
For the year ended December 31, 2024, stock option
activity for time-based options of the Company are as follows:
| | |
Number of Time-Based Share
Options | | |
Weighted Average Exercise
Price | | |
Weighted Average
Remaining Contractual
Life (in years) | | |
Aggregate Intrinsic Value | |
| Outstanding at January 1, 2024 | |
| 366,615 | | |
$ | 1.82 | | |
| 8.14 | | |
$ | 15,686 | |
| Issued | |
| 201,000 | | |
| 0.49 | | |
| 9.20 | | |
| — | |
| Exercised | |
| — | | |
| — | | |
| — | | |
| — | |
| Expired/Forfeited | |
| (16,904 | ) | |
| 0.92 | | |
| 7.23 | | |
| 174 | |
| Outstanding at December 31, 2024 | |
| 550,711 | | |
$ | 1.36 | | |
| 7.87 | | |
$ | 7,390 | |
| | |
| | | |
| | | |
| | | |
| | |
| Vested and exercisable December 31, 2024 | |
| 212,461 | | |
$ | 1.62 | | |
| 7.16 | | |
$ | 7,390 | |
|
| Performance Based Options [Member] |
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| SCHEDULE OF STOCK OPTION ACTIVITY |
For the year December 31, 2025, stock option activity
for performance-based options of the Company are as follows:
SCHEDULE OF STOCK OPTION ACTIVITY
| | |
Number of Performance- Based Share Options | | |
Weighted Average Exercise
Price | | |
Weighted Average
Remaining Contractual
Life (in years) | | |
Aggregate Intrinsic
Value | |
| Outstanding at January 1, 2025 | |
| 894,500 | | |
$ | 1.41 | | |
| 7.11 | | |
$ | — | |
| Issued | |
| — | | |
| — | | |
| — | | |
| — | |
| Exercised | |
| — | | |
| — | | |
| — | | |
| — | |
| Expired/Forfeited | |
| (294,500 | ) | |
| (2.13 | ) | |
| (6.45 | ) | |
| — | |
| Outstanding at December 31, 2025 | |
| 600,000 | | |
$ | 1.06 | | |
| 6.07 | | |
$ | — | |
| | |
| | | |
| | | |
| | | |
| | |
| Vested and exercisable December 31, 2025 | |
| — | | |
| — | | |
| — | | |
| — | |
For the year December 31, 2024, stock option activity
for performance-based options of the Company are as follows:
| | |
Number of Performance- Based Share Options | | |
Weighted Average Exercise
Price | | |
Weighted Average
Remaining Contractual
Life (in years) | | |
Aggregate Intrinsic
Value | |
| Outstanding at January 1, 2024 | |
| 894,500 | | |
$ | 1.41 | | |
| 8.11 | | |
$ | — | |
| Issued | |
| — | | |
| — | | |
| — | | |
| — | |
| Exercised | |
| — | | |
| — | | |
| — | | |
| — | |
| Expired/Forfeited | |
| — | | |
| — | | |
| — | | |
| — | |
| Outstanding at December 31, 2024 | |
| 894,500 | | |
$ | 1.41 | | |
| 7.11 | | |
$ | — | |
| | |
| | | |
| | | |
| | | |
| | |
| Vested and exercisable December 31, 2024 | |
| — | | |
| — | | |
| — | | |
| — | |
|