STOCK OPTIONS AND WARRANTS (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| ECONOMIC INJURY DISASTER LOAN |
|
| Scheule of Black-Scholes option pricing model assumptions used |
|
|
2025 |
|
|
2024 |
|
Risk-free interest rate |
|
3.73%-3.96% |
|
|
3.58%-4.38% |
|
Expected term (years) |
|
|
5.00 |
|
|
|
5.00 |
|
Expected volatility |
|
171.53%-193.55% |
|
|
149.49%-160.25% |
|
Expected dividends |
|
|
0.00 |
|
|
|
0.00 |
|
|
| Schedule of stock options activity |
|
|
Shares |
|
|
Weighted-
Average
Exercise
Price
|
|
|
Weighted-
Average
Remaining
Contractual
Term
|
|
|
Aggregate
Intrinsic
Value
|
|
Outstanding at January 1, 2024 |
|
|
891,443 |
|
|
$ |
7.41 |
|
|
|
3.0 |
|
|
$ |
- |
|
Expired |
|
|
(123,167 |
) |
|
|
9.33 |
|
|
|
- |
|
|
|
- |
|
Grants |
|
|
604,244 |
|
|
|
0.40 |
|
|
|
4.7 |
|
|
|
- |
|
Outstanding at December 31, 2024 |
|
|
1,372,520 |
|
|
|
4.15 |
|
|
|
3.4 |
|
|
|
20,906 |
|
Expired |
|
|
(52,500 |
) |
|
|
4.43 |
|
|
|
- |
|
|
|
- |
|
Grants |
|
|
349,055 |
|
|
|
0.36 |
|
|
|
4.7 |
|
|
|
- |
|
Outstanding at December 31, 2025 |
|
|
1,669,075 |
|
|
|
3.35 |
|
|
|
3.0 |
|
|
|
- |
|
Exercisable at December 31, 2025 |
|
|
1,669,075 |
|
|
$ |
3.35 |
|
|
|
3.0 |
|
|
$ |
- |
|
|
| Schedule of information regarding stock options |
Options Outstanding |
|
|
Options Exercisable |
|
|
|
|
|
|
Weighted |
|
|
|
|
|
Weighted |
|
|
|
|
|
|
Average |
|
|
Exercisable |
|
|
Average |
|
Exercise |
|
Number of |
|
|
Remaining Life |
|
|
Number of |
|
|
Remaining Life |
|
Price |
|
Options |
|
|
In Years |
|
|
Options |
|
|
In Years |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 0.01-2.50 |
|
|
1,338,601 |
|
|
|
3.1 |
|
|
|
1,338,601 |
|
|
|
3.1 |
|
2.51-5.00 |
|
|
15,474 |
|
|
|
1.1 |
|
|
|
15,474 |
|
|
|
1.1 |
|
5.01 and up |
|
|
315,000 |
|
|
|
2.4 |
|
|
|
315,000 |
|
|
|
2.4 |
|
|
|
|
1,669,075 |
|
|
|
3.0 |
|
|
|
1,669,075 |
|
|
|
3.0 |
|
|
| Schedule of assumptions in warrants under black scholes option pricing model |
|
|
2025 |
|
|
2024 |
|
Risk-free interest rate |
|
3.56-3.96% |
|
|
|
4.38% |
|
Expected term (years) |
|
2.00-5.00 |
|
|
|
4.00 |
|
Expected volatility |
|
161.00-189.37% |
|
|
|
157.11% |
|
Expected dividends |
|
|
0.00 |
|
|
|
0.00 |
|
|
| Schedule of changes in warrants outstanding and the related prices |
Warrants Outstanding |
|
|
Warrants Exercisable |
|
|
|
|
|
|
|
Weighted |
|
|
|
|
|
|
|
|
Weighted |
|
Weighted |
|
|
|
|
|
Average |
|
|
Weighted |
|
|
|
|
|
Average |
|
Average |
|
|
|
|
|
Remaining |
|
|
Average |
|
|
|
|
|
Remaining |
|
Exercise |
|
|
Number |
|
|
Contractual |
|
|
Exercise |
|
|
Number |
|
|
Contractual |
|
Price |
|
|
Outstanding |
|
|
Life (Years) |
|
|
Price |
|
|
Exercisable |
|
|
Life (Years) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| $ |
0.89 |
|
|
|
5,133,477 |
|
|
|
3.6 |
|
|
$ |
0.89 |
|
|
|
5,133,477 |
|
|
|
3.6 |
|
| $ |
0.89 |
|
|
|
5,133,477 |
|
|
|
3.6 |
|
|
$ |
0.89 |
|
|
|
5,133,477 |
|
|
|
3.6 |
|
|
| Summary of warrant activity |
|
|
Number of
Shares
|
|
|
Weighted
Average
Exercise
Price Per
Share
|
|
Outstanding at January 1, 2024 |
|
|
1,565,856 |
|
|
$ |
3.31 |
|
Grants |
|
|
200,000 |
|
|
|
0.60 |
|
Outstanding at December 31, 2024 |
|
|
1,765,856 |
|
|
$ |
2.69 |
|
Grants |
|
|
4,101,476 |
|
|
|
0.43 |
|
Exercise |
|
|
(400,000 |
) |
|
|
0.60 |
|
Expired |
|
|
(333,855 |
) |
|
|
5.06 |
|
Outstanding at December 31, 2025 |
|
|
5,133,477 |
|
|
$ |
0.89 |
|
Exercisable at December 31, 2025 |
|
|
5,133,477 |
|
|
$ |
0.89 |
|
|