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STOCK-BASED COMPENSATION (Tables)
 9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
SCHEDULE OF RESTRICTED STOCK AND RSU ACTIVITY

Restricted Stock and RSU activity was as follows:

 

   Service-Based Restricted Stock and RSUs 
   Shares  

Weighted average

grant-date fair value

 
Nonvested as of January 1, 2025   26,690,254   $3.54 
Granted   10,099,847    1.25 
Vested   (5,723,022)   0.98 
Forfeited   —    — 
Nonvested as of September 30, 2025   31,067,079   $3.27 

 

   Service-Based Restricted Stock and RSUs 
   Shares   Weighted average
grant-date fair value		 
Nonvested as of January 1, 2024   —   $— 
Granted   20,239,804    4.33 
Vested   (12,000)   0.59 
Forfeited   —    — 
Nonvested as of September 30, 2024   20,227,804   $4.33 

 

   Performance-Based RSUs 
   Shares   Weighted average
grant-date fair value		 
Nonvested as of January 1, 2025   1,289,578   $3.70 
Granted   —    — 
Vested   (1,000,320)   3.27 
Forfeited   —    — 
Nonvested as of September 30, 2025   289,258    5.18 

 

   Performance-Based RSUs 
   Shares   Weighted average
grant-date fair value		 
Nonvested as of January 1, 2024   10,900,128   $2.97 
Granted   —    — 
Vested   (9,178,656)   2.85 
Forfeited   —    — 
Nonvested as of September 30, 2024   1,721,472    3.19 
SCHEDULE OF STOCK-BASED COMPENSATION EXPENSE

The Company recorded stock-based compensation expense in the following expense categories in the accompanying unaudited consolidated statements of operations:

 

   2025   2024 
   Three months ended 
   September 30, 
   2025   2024 
Research and development  $2,036,276   $2,185,958 
General and administrative   1,208,641    1,141,693 
Total  $3,244,917   $3,327,651 

 

   2025   2024 
   Nine months ended 
   September 30, 
   2025   2024 
Research and development  $5,583,289   $24,932,798 
General and administrative   8,193,662    8,870,322 
Total  $13,776,951   $33,803,120