v3.25.4
Stockholders Deficit (Tables)
12 Months Ended
Dec. 31, 2025
STOCKHOLDERS' DEFICIT:  
Schedule of stock incentive plans

 

 

Options

 

 

Weighted Average

 

 

 

Shares

 

 

Exercise Price

 

Outstanding as of January 1, 2024

 

 

4,664,589

 

 

$0.54

 

Granted

 

 

1,590,000

 

 

 

3.47

 

Exercised

 

 

(415,218)

 

 

(0.58)

Forfeited

 

 

(311,812)

 

 

(6.65)

Outstanding as of January 1, 2025

 

 

5,527,559

 

 

 

1.04

 

Granted

 

 

1,816,000

 

 

 

3.39

 

Exercised

 

 

(443,179)

 

 

(0.34)

Forfeited

 

 

(107,500)

 

 

(2.95)

Outstanding as of December 31, 2025

 

 

6,792,880

 

 

$1.68

 

Schedule information of stock options outstanding and exercisable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

Weighted

 

 

Average

 

 

 

 

 

 

 

Average

 

 

Weighted

 

 

 

 

 

Average

 

 

Remaining Life

 

Range of

 

 

Number

 

 

Remaining Life

 

 

Average

 

 

Number

 

 

Exercise Price

 

 

In Years - Vested

 

Exercise Prices

 

 

Outstanding

 

 

In Years

 

 

Exercise Price

 

 

Exerciseable

 

 

Exerciseable

 

 

and Exercisable

 

$

0.12

 

 

 

2,067,033

 

 

 

2.04

 

 

$0.12

 

 

 

2,067,033

 

 

$0.12

 

 

 

2.04

 

 

0.57

 

 

 

879,011

 

 

 

1.29

 

 

 

0.57

 

 

 

879,011

 

 

 

0.57

 

 

 

1.29

 

 1.49-1.65

 

 

 

1,086,086

 

 

 

6.53

 

 

 

1.64

 

 

 

739,376

 

 

 

1.64

 

 

 

6.78

 

 2.86-3.06

 

 

 

1,789,750

 

 

 

9.36

 

 

 

2.98

 

 

 

377,070

 

 

 

2.93

 

 

 

9.05

 

 3.27-4.47

 

 

 

971,000

 

 

 

9.51

 

 

 

3.68

 

 

 

242,560

 

 

 

3.48

 

 

 

9.31

 

 

 

 

 

 

6,792,880

 

 

 

5.66

 

 

$1.68

 

 

 

4,305,050

 

 

$0.91

 

 

 

3.73

 

Schedule of significant weighted-average assumptions of warrants issued

 

 

12/31/2025

 

 

12/31/2024

 

Dividend yield

 

 

0%

 

 

0%

Exercise price

 

$6.20

 

 

 2.36 - 4.50

 

Expected life

 

4 years

 

 

4 -5 years

 

Expected volatility

 

 

61.2%

 

 

69%

Risk free interest rate

 

 

3.74%

 

3.77% - 4.36

%

Schedule of significant weighted-average assumptions

Assumptions

 

12/31/2025

 

 

12/31/2024

 

Exercise price

 

$

 3.06-3.28

 

 

$

 1.49-7.61

 

Dividend yield

 

 

0%

 

 

0%

Expected life

 

4 years

 

 

4 years

 

Expected volatility

 

57.1%-61.2

%

 

57.1%-69.3

%

Risk free interest rate

 

3.605%-3.635

%

 

4.16%-4.31

%

Summary of warrants outstanding

 

 

 

 

 

Weighted

 

 

 

 

 

 

Average

 

 

 

 

 

 

Exercise

 

 

 

Warrants

 

 

Price

 

Outstanding January 1, 2024

 

 

19,443,314

 

 

$4.15

 

Issued

 

 

5,616,795

 

 

 

3.41

 

Exercised

 

 

(3,046,552)

 

 

(2.77)

Forfeited

 

 

(51,867)

 

 

(3.70)

Outstanding January 1, 2025

 

 

21,961,690

 

 

 

4.13

 

Issued

 

 

2,702,702

 

 

 

6.20

 

Exercised

 

 

(2,175,564)

 

 

(4.50)

Forfeited

 

 

-

 

 

 

-

 

Outstanding at December 31, 2025

 

 

22,488,828

 

 

$4.35

 

Summary of warrants outstanding and exercisable

 

 

 

December 31, 2025

 

 

 

 

Weighted

 

 

Weighted

 

 

 

 

 

Weighted

 

 

 

 

Average

 

 

Average

 

 

 

 

 

Average

 

Number of

 

 

Remaining

 

 

Exercise

 

 

Shares

 

 

Exercise

 

Warrants

 

 

Life (In Years)

 

 

Price

 

 

Exercisable

 

 

Price

 

 

2,689,902

 

 

 

2.45

 

 

$1.77

 

 

 

2,689,902

 

 

$1.77

 

 

220,000

 

 

 

3.75

 

 

 

2.36

 

 

 

220,000

 

 

 

2.36

 

 

216,216

 

 

 

3.62

 

 

 

3.47

 

 

 

216,216

 

 

 

3.47

 

 

16,660,008

 

 

 

2.98

 

 

 

4.50

 

 

 

16,660,008

 

 

 

4.50

 

 

2,702,702

 

 

 

4.63

 

 

 

6.20

 

 

 

2,702,702

 

 

 

6.20

 

 

22,488,828

 

 

 

3.25

 

 

$4.35

 

 

 

22,488,828

 

 

$4.35