SHARE-BASED COMPENSATION (Tables)
|
3 Months Ended |
Mar. 31, 2026 |
|---|
| 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 three months ended March 31,
2025. No options were awarded for the three months ended March 31, 2026.
SCHEDULE OF STOCK VALUATION ASSUMPTIONS
| | |
| Three Months Ended March 31, 2025 | |
| Risk-free interest rate | |
| 3.98 to 4.11 | % |
| Expected dividend yield | |
| — | |
| Expected term | |
| 5 years | |
| Expected volatility | |
| 50.92 to 52.84 | % |
|
| SCHEDULE OF WARRANTS OUTSTANDING |
For
the three months ended March 31, 2026, warrant activity of the Company are 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, 2026 | |
| 350,000 | | |
$ | 1.06 | | |
| 6.07 | | |
$ | — | |
| Issued | |
| — | | |
| — | | |
| — | | |
| — | |
| Exercised | |
| — | | |
| — | | |
| — | | |
| — | |
| Expired/Forfeited | |
| — | | |
| — | | |
| — | | |
| — | |
| Outstanding at March 31, 2026 | |
| 350,000 | | |
$ | 1.06 | | |
| 5.82 | | |
$ | — | |
For
the three months ended March 31, 2025, warrant activity of the Company are as follows:
| | |
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 March 31, 2025 | |
| 350,000 | | |
$ | 1.06 | | |
| 6.82 | | |
$ | — | |
|
| Time Based Options [Member] |
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| SCHEDULE OF STOCK OPTION ACTIVITY |
For
the three months ended March 31, 2026, stock option activity for time-based options of the Company is 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, 2026 | |
| 1,159,211 | | |
$ | 1.47 | | |
| 8.05 | | |
$ | 151,318 | |
| Issued | |
| — | | |
| — | | |
| — | | |
| — | |
| Exercised | |
| — | | |
| — | | |
| — | | |
| — | |
| Expired/Forfeited | |
| — | | |
| — | | |
| — | | |
| — | |
| Outstanding at March 31, 2026 | |
| 1,159,211 | | |
$ | 1.47 | | |
| 7.80 | | |
$ | 4,347 | |
| | |
| | | |
| | | |
| | | |
| | |
| Vested and exercisable March 31, 2026 | |
| 681,571 | | |
$ | 1.49 | | |
| 7.14 | | |
$ | 4,347 | |
For
the three months ended March 31, 2025, stock option activity for time-based options of the Company is 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, 2025 | |
| 550,711 | | |
$ | 1.36 | | |
| 7.87 | | |
$ | 7,390 | |
| Issued | |
| 608,500 | | |
| 1.56 | | |
| 9.87 | | |
| — | |
| Exercised | |
| — | | |
| — | | |
| — | | |
| — | |
| Expired/Forfeited | |
| — | | |
| 0.28 | | |
| 7.33 | | |
| — | |
| Outstanding at March 31, 2025 | |
| 1,159,211 | | |
$ | 1.47 | | |
| 8.80 | | |
$ | 16,643 | |
| | |
| | | |
| | | |
| | | |
| | |
| Vested and exercisable March 31, 2025 | |
| 349,753 | | |
$ | 1.52 | | |
| 7.29 | | |
$ | 12,643 | |
|
| Performance Based Options [Member] |
|
| Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] |
|
| SCHEDULE OF STOCK OPTION ACTIVITY |
For
the three months ended March 31, 2026, stock option activity for performance-based options of the Company is 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, 2026 | |
| 600,000 | | |
$ | 1.06 | | |
| 6.07 | | |
$ | — | |
| Issued | |
| — | | |
| — | | |
| — | | |
| — | |
| Exercised | |
| — | | |
| — | | |
| — | | |
| — | |
| Expired/Forfeited | |
| — | | |
| — | | |
| — | | |
| — | |
| Outstanding at March 31, 2026 | |
| 600,000 | | |
$ | 1.06 | | |
| 5.82 | | |
$ | — | |
| | |
| | | |
| | | |
| | | |
| | |
| Vested and exercisable March 31, 2026 | |
| — | | |
| — | | |
| — | | |
| — | |
For
the three months ended March 31, 2025, 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, 2025 | |
| 894,500 | | |
$ | 1.41 | | |
| 8.11 | | |
$ | — | |
| Issued | |
| — | | |
| — | | |
| — | | |
| — | |
| Exercised | |
| — | | |
| — | | |
| — | | |
| — | |
| Expired/Forfeited | |
| (294,500 | ) | |
| (2.13 | ) | |
| (6.95 | ) | |
| — | |
| Outstanding at March 31, 2025 | |
| 600,000 | | |
$ | 1.06 | | |
| 6.82 | | |
$ | — | |
| | |
| | | |
| | | |
| | | |
| | |
| Vested and exercisable March 31, 2025 | |
| — | | |
| — | | |
| — | | |
| — | |
|