v3.25.4
STOCK BASED COMPENSATION (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2025
Dec. 31, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]    
SCHEDULE OF RESTRICTED STOCK ACTIVITY

Restricted stock activity for the nine months ended September 30, 2025, and balances as at September 30, 2025, were as follows:

 

   Restricted Stock 
   Number of shares   Weighted Average
Grant-Date Fair
Value		 
Unvested as of December 31, 2024   6,270   $0.00002 
Granted   -    - 
Vested   (6,270)   0.00002 
Forfeited   -    - 
Unvested as of September 30, 2025   -   $- 

Restricted stock activity for the year ended December 31, 2024, and balances as at the end of December 31, 2024, were as follows:

 

   Common Stock 
   Number of shares outstanding   Weighted Average Grant-Date Fair Value   Weighted average remaining contractual life (Years) 
Unvested as of December 31, 2023   31,352   $0.00002      
Granted   -    -      
Vested   (25,082)   0.00002      
Forfeited or cancelled   -    -      
Unvested as of December 31, 2024   6,270   $0.00002    0.25 
2024 Equity Incentive Plan [Member]    
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]    
SCHEDULE OF RESTRICTED STOCK ACTIVITY

RSU activity for the nine months ended September 30, 2025, and balances as at September 30, 2025, were as follows:

 

   Number of
shares		  

Weighted

Average

Grant-Date

Fair Value

 
Unvested as at December 31, 2024   148,209   $115.11 
Granted   153,719    5.02 
Vested   (133,190)   22.10 
Forfeited   (82,000)   116.20 
Unvested as at September 30, 2025   86,738   $61.81 

RSU activity for the year ended December 31, 2024, and balances as at the end of December 31, 2024, were as follows:

 SCHEDULE OF RESTRICTED STOCK ACTIVITY

   Number of shares  

Weighted

Average

Grant-Date

Fair Value

 
Unvested as at December 31, 2023   -   $- 
Granted   159,829    115.2 
Vested   (11,621)   116.2 
Forfeited   -    - 
Unvested as at December 31, 2024   148,208   $115.1 
SCHEDULE OF ESTIMATED GRANT DATE FAIR VALUE OF PSU

The estimated grant date fair value of the PSUs was determined using a Monte Carlo simulation valuation model. Assumptions used in the valuation were as follows:

 

   Assumptions 
Fair value of Common Stock  $116.2 
Selected volatility   60%
Risk-free interest rate   3.42%
Contractual terms (years)   3.0 

The estimated grant date fair value of the PSUs was determined using a Monte Carlo simulation valuation model. Assumptions used in the valuation were as follows:

 SCHEDULE OF ESTIMATED GRANT DATE FAIR VALUE OF PSU

   Assumptions 
Fair value of Common Stock  $116.2 
Selected volatility   60%
Risk-free interest rate   3.42%
Contractual terms (years)   3.0 
SCHEDULE OF PERFORMANCE SHARES UNITS ACTIVITY

PSU activity for the nine months ended September 30, 2025, and balances as at September 30, 2025, were as follows:

 

   Number of
shares		  

Weighted

Average

Grant-Date

Fair Value

 
Unvested as at December 31, 2024   50,658   $67.33 
Granted   -    - 
Vested   -    - 
Forfeited   -    - 
Unvested as at September 30, 2025   50,658   $67.33 

PSU activity for the year ended December 31, 2024, and balances as at the end of December 31, 2024, were as follows:

   SCHEDULE OF PERFORMANCE SHARES UNITS ACTIVITY

   Number of
shares		  

Weighted

Average

Grant-Date

Fair Value

 
Unvested as at December 31, 2023   -   $- 
Granted   50,659    67.3 
Vested   -    - 
Forfeited   -    - 
Unvested as at December 31, 2024   50,659   $67.3 
Share-Based Payment Arrangement, Option [Member]    
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]    
SCHEDULE OF STOCK OPTION ACTIVITY

Stock option activity for the nine months ended September 30, 2025, and balances as at September 30, 2025, were as follows:

 

   Number of
shares		  

Weighted

Average

Grant-Date

Fair Value

 
Unvested as at December 31, 2024   70,999   $5.60 
Granted   -    - 
Vested   (15,173)   5.25 
Forfeited   (24,449)   5.84 
Unvested as at September 30, 2025   31,377   $5.50 

Stock option activity for the year ended December 31, 2024, and balances as at the end of December 31, 2024 were as follows:

 SCHEDULE OF STOCK OPTION ACTIVITY

   Stock Options 
   Number of options   Weighted Average Grant-Date Fair Value   Weighted average remaining contractual life (Years)   Aggregate Intrinsic Value 
Unvested as of December 31, 2023   132,698   $5.7    3.49   $7,998,367 
Granted   -    -           
Vested   (36,131)   5.7           
Forfeited   (25,568)   6.0           
Unvested as of December 31, 2024   70,999   $5.6    2.58   $2,537,156 
SCHEDULE OF FAIR VALUE ASSUMPTIONS  

The weighted average fair value of options granted during period from March 16, 2023 (inception) through December 31, 2023 are provided below. The fair value was estimated on the date of grant using the Black-Scholes pricing model with the assumptions indicated below:

 SCHEDULE OF FAIR VALUE ASSUMPTIONS

   2023 
Expected option life (years)   5.07 - 5.93 years 
Expected volatility   60% - 70%
Risk-free interest rate at grant date   3.84 - 3.86%
Dividend yield   0%
Restricted Stock Units (RSUs) [Member]    
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]    
SCHEDULE OF RESTRICTED STOCK ACTIVITY

RSU activity for the nine months ended September 30, 2025, and balances as at September 30, 2025, were as follows:

 

   Number of
shares		  

Weighted

Average

Grant-Date

Fair Value

 
Unvested as at December 31, 2024   100,484   $86.71 
Granted   -    - 
Vested   (35,521)   86.41 
Forfeited   -    - 
Unvested as at September 30, 2025   64,963   $86.87 

RSU activity for the year ended December 31, 2024, and balances as at the end of December 31, 2024, were as follows:

 SCHEDULE OF RESTRICTED STOCK ACTIVITY

  

Number of

shares

  

Weighted

Average

Grant-Date

Fair Value

 
Unvested as at December 31, 2023   -   $- 
Granted   202,498   88.0 
Vested   (50,241)   86.7 
Forfeited   (51,775)   91.7 
Unvested as at December 31, 2024   100,482   $86.7