STOCKHOLDERS' EQUITY (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| STOCKHOLDERS' EQUITY |
|
| Schedule of information related to stock-based compensation |
| | | | | | | | | | | | | | | For The Three Months Ended | | For The Six Months Ended | | | June 30, | | June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | Shares issued for legal services | | $ | — | | $ | 13,530 | | $ | — | | $ | 26,070 | Accrued issuable equity (common stock) | | | — | | | 60,990 | | | — | | | 151,319 | Amortization of stock options | | | 7,965 | | | 11,342 | | | 20,830 | | | 26,946 | Amortization of restricted stock awards and units | | | 900,080 | | | 1,498,937 | | | 2,346,693 | | | 3,017,832 | Total | | $ | 908,045 | | $ | 1,584,799 | | $ | 2,367,523 | | $ | 3,222,167 |
|
| Summary of stock options activity |
| | | | | | | | | | | | | | | Weighted | | Weighted | | | | | | | | Average | | Average | | | | | | Number of | | Exercise | | Remaining | | Intrinsic | | | Options | | Price | | Term (Yrs) | | Value | Outstanding, January 1, 2026 | | 27,188 | | $ | 11.33 | | | | | | Granted | | — | | | — | | | | | | Forfeited | | (2,188) | | | 15.41 | | | | | | Exercised | | — | | | — | | | | | | Outstanding, June 30, 2026 | | 25,000 | | $ | 10.98 | | 3.4 | | $ | 9,594 | | | | | | | | | | | | Exercisable, June 30, 2026 | | 15,782 | | $ | 12.77 | | 2.1 | | $ | 4,798 |
|
| Schedule of information related to stock options exercise price |
The following table presents information related to stock options as of June 30, 2026: | | | | | | | Options Outstanding | | Options Exercisable | | | | | Weighted | | | Range of | | Outstanding | | Average | | Exercisable | Exercise | | Number of | | Remaining Term | | Number of | Prices | | Options | | In Years | | Options | $2.24 - $7.92 | | 5,625 | | 3.0 | | 2,813 | $9.60 - $12.00 | | 8,125 | | 5.2 | | 2,969 | $12.40 - $15.92 | | 5,000 | | 1.1 | | 3,750 | $16.40 - $18.48 | | 6,250 | | 0.8 | | 6,250 | | | 25,000 | | 2.1 | | 15,782 |
|
| Schedule of assumptions for computing fair value of stock options granted using the Black-Scholes option pricing model |
| | | | | | | | | | | | For The Three Months Ended | | For The Six Months Ended | | | | June 30, | | June 30, | | | | 2026 | | 2025 | | 2026 | | 2025 | | Risk free interest rate | | N/A | | N/A | | N/A | | 4.15 | % | Expected term (years) | | N/A | | N/A | | N/A | | 6.3 | | Expected volatility | | N/A | | N/A | | N/A | | 120 | % | Expected dividends | | N/A | | N/A | | N/A | | 0 | % |
|
| Schedule of restricted stock awards (RSAs) activity |
| | | | | | | | | | Weighted Average | | | Shares of Restricted | | Grant Date | | | Common Stock | | Fair Value | Non-vested RSAs, January 1, 2026 | | 4,687 | | $ | 16.48 | Granted | | — | | | — | Vested | | (1,562) | | | 16.64 | Forfeited | | — | | | — | Non-vested RSAs, June 30, 2026 | | 3,125 | | $ | 16.40 |
|
| Schedule of restricted stock units (RSUs) activity |
| | | | | | | | | | Weighted Average | | | Shares of Restricted | | Grant Date | | | Common Stock | | Fair Value | Non-vested RSUs, January 1, 2026 | | 1,563,971 | | $ | 11.35 | Granted | | 275,000 | | | 3.73 | Vested | | (259,988) | | | 12.75 | Forfeited | | (239,024) | | | 14.36 | Non-vested RSUs, June 30, 2026 | | 1,339,959 | | $ | 8.93 | | | | | | | Vested RSUs undelivered June 30, 2026 | | 46,875 | | $ | 16.40 |
|