At
December 31, 2025, there were 7,290,000 shares available to be issued under the Plan. The intrinsic value of such outstanding and vested
stock options is approximately $427,000 at December 31, 2025. The following table summarizes stock option activity of the Plan through
December 31, 2025:
SCHEDULE OF STOCK OPTION ACTIVITY
| | |
Options
Issued | | |
Weighted-Average
Exercise
Price | |
| | |
| | |
| |
| Options outstanding – December 31, 2023 | |
| 2,585,000 | | |
$ | 1.23 | |
| Granted | |
| 50,000 | | |
| 3.00 | |
| Canceled | |
| - | | |
| - | |
| Expired | |
| (50,000 | ) | |
| - | |
| Exercised | |
| (170,000 | ) | |
| 1.24 | |
| Options outstanding – December 31, 2024 | |
| 2,415,000 | | |
$ | 1.27 | |
| Granted | |
| - | | |
| - | |
| Canceled | |
| - | | |
| - | |
| Expired | |
| (1,635,000 | ) | |
| 1.00 | |
| Exercised | |
| - | | |
| - | |
| Options outstanding – December 31,
2025 | |
| 780,000 | | |
$ | 1.72 | |
|