XML 124 R28.htm IDEA: XBRL DOCUMENT v3.25.4
CAPITAL STOCK (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2025
Dec. 31, 2024
Equity [Abstract]    
SCHEDULE OF SECURITIES PURCHASE AGREEMENT  

On April 28, 2024, the Company and the Purchaser entered into an Omnibus Amendment Agreement No. 1, which amended the SPA to, adjust the closings which were to take place under the SPA as follows:

 

#  Initial Stated
Value of
Preferred
Stock to be
issued by
installment
   Warrants
to be issued
   Closing Date  Aggregate
Purchase
Price by
installment
(USD)
 
Initial Closing  $550,000    220,000   Initial Closing Date  $500,000 
Second Closing  $275,000        On or before June 30, 2024  $250,000 
Third Closing  $825,000    100,000   On or before June 30, 2024  $750,000 
Fourth Closing  $1,100,000        Such date as is no later than 180 days after the shares of common stock issuable in respect of the Series B Preferred Stock sold in each of the Initial Closing, Second Closing, the Third Closing, and the Fourth Closing have been registered under the Securities Act, subject to any limitations pursuant to Rule 415  $1,000,000 
Total  $2,750,000    320,000      $2,500,000 
SCHEDULE OF STOCK OPTION ACTIVITY

The following table summarizes common stock option activity:

 

   Options  

Weighted Average

Exercise Price

 
Outstanding, December 31, 2023   176,666   $10.98 
           
Granted   13,333   $5.55 
Exercised   -    - 
Expired / Forfeited   (33,333)   16.50 
Outstanding, December 31, 2024   156,666   $9.34 
           
Granted   2,000,000   $2.30 
Exercised   -    - 
Expired / Forfeited   -    - 
Outstanding, September 30, 2025   2,156,666   $2.81 
Exercisable, September 30, 2025   654,444   $3.94 

The following table summarizes common stock option activity:

 

   Options  

Weighted Average

Exercise Price

 
Outstanding, December 31, 2022   83,333   $16.50 
Granted   93,333   $6.05 
Exercised   -    - 
Expired   -    - 
           
Outstanding, December 31, 2023   176,666   $10.98 
Exercisable, December 31, 2023   120,833   $8.43 
           
           
           
Granted   13,333   $5.55 
Exercised   -    - 
Expired / Forfeited   (33,333)   16.50 
Outstanding, December 31, 2024   156,666   $9.34 
Exercisable, December 31, 2024   140,833   $8.54 
SCHEDULE OF OPTIONS OUTSTANDING AND EXERCISABLE

The weighted average exercise prices, remaining lives for options granted, and exercisable as of September 30, 2025 were as follows:

 

    Outstanding Options           Exercisable Options 

Options

Exercise

Price Per

Share

   Shares  

Life

(Years)

  

Weighted

Average

Exercise

Price

   Shares  

Weighted

Average

Exercise

Price

 
$16.50    60,000    2.87   $16.50    54,167   $16.50 
$4.80    83,333    3.25   $4.80    83,333   $4.80 
$5.55    13,333    1.78   $5.55    13,333   $5.55 
$2.30    2,000,000    .99   $2.30    500,000   $2.30 

The weighted average exercise prices, remaining lives for options granted, and exercisable as of December 31, 2024 were as follows:

 

    Outstanding Options       Exercisable Options 

Options

Exercise

Price Per

Share

   Shares  

Life

(Years)

  

Weighted

Average

Exercise

Price

   Shares  

Weighted

Average

Exercise

Price

 
$16.50    60,000    3.61   $16.50    44,167   $16.50 
$4.80    83,333    3.99   $4.80    83,333   $4.80 
$5.55    13,333    2.53   $5.55    13,333   $5.55 
SCHEDULE OF OPTIONS FAIR VALUE ASSUMPTIONS

 

Fair Value of common stock on measurement date  $31.85 4.31  
Risk free interest rate   4.13% - 4.10 %
Volatility   142.96% - 136.49 %
Dividend Yield   0 %
Expected Term   5.75 - 3.0  

 

  (1) The risk-free interest rate was determined by management using the market yield on U.S. Treasury securities with comparable terms as of the measurement date.
  (2) The trading volatility was determined by calculating the volatility of the Company’s peer group.
  (3) The Company does not expect to pay a dividend in the foreseeable future.
  (4) The Company, in accordance with staff accounting bulletin (“SAB”)14-D.2, used the simplified method (plain vanilla) to determine the overall expected term.

 

Fair Value of common stock on measurement date  $14.90 4.33 
Risk free interest rate   4.10% - 3.30 %
Volatility   232.05% - 92.54 %
Dividend Yield   0%
Expected Term   6.0-3.0   

 

  (1) The risk-free interest rate was determined by management using the market yield on U.S. Treasury securities with comparable terms as of the measurement date.
  (2) The trading volatility was determined by calculating the volatility of the Company’s peer group.
  (3) The Company does not expect to pay a dividend in the foreseeable future.
  (4) The Company, in accordance with staff accounting bulletin (“SAB”)14-D.2, used the simplified method (plain vanilla) to determine the overall expected term.
SCHEDULE OF COMMON STOCK WARRANT ACTIVITY

The following table summarizes common stock warrants activity:

 

 

   Warrants  

Weighted

Average

Exercise Price

Per Share

 
Outstanding, December 31, 2023   89,533   $16.95 
           
Granted   850,800   $5.75 
Exercised   -    - 
Expired   -    - 
Cancelled   -    - 
Outstanding, December 31, 2024   940,333   $5.08 
           
Granted   1,482,709   $1.50 
Exercised   1,427,143   $1.50 
Expired   -    - 
Cancelled   -    - 
Outstanding, September 30, 2025   997,899   $3.05 
Exercisable, September 30, 2025   997,899   $3.05 

The following table summarizes common stock warrants activity:

 

   Warrants  

Weighted

Average

Exercise Price

Per Share

 
Outstanding, December 31, 2022   133,333   $15.00 
Granted   24,500    22.14 
Exercised   (68,300)   15.00 
Expired   -    - 
Cancelled   -    - 
Outstanding, December 31, 2023   89,533    16.95 
Exercisable, December 31, 2023   89,533    16.95 
           
           
Granted   850,800    5.75 
Exercised   -    - 
Expired   -    - 
Cancelled   -    - 
Outstanding, December 31, 2024   940,333    5.08 
Exercisable, December 31, 2024   940,333   $5.08 
SCHEDULE OF WARRANTS OUTSTANDING AND EXERCISABLE

The weighted average exercise prices, remaining lives for warrants granted, and exercisable as of September 30, 2025, were as follows:

 

 

    Outstanding and Vested Warrants 
Weighted Average
Warrant
Exercise Price
Per Share
   Shares   Life (Years) 
$3.05    997,899    3.75 

The weighted average exercise prices, remaining lives for warrants granted, and exercisable as of December 31, 2024, were as follows:

 

    Outstanding and Vested Warrants 
Weighted Average
Warrant
Exercise Price
Per Share
   Shares   Life (Years) 
$5.75    940,333    4.46 
SCHEDULE OF WARRANTS FAIR VALUE ASSUMPTIONS

 

Fair Value of common stock on measurement date  $3.12 - $51.12  
Risk free interest rate   From 3.82% to 4.59 %
Volatility   From 135.75% to 238.00 %
Dividend Yield   0 %
Expected Term   3 - 5 years  

 

  (1) The risk-free interest rate was determined by management using the market yield on U.S. Treasury securities with comparable terms as of the measurement date.
  (2) The trading volatility was determined by calculating the volatility of the Company’s peer group.
  (3) The Company does not expect to pay a dividend in the foreseeable future.

 

Fair Value of common stock on measurement date  $3.10 - $10.90 
Risk-free interest rate   From 2.95% to 4.38%
Volatility   From 81.92% to 239.06%
Dividend Yield   0%
Expected Term   3 - 5 years 

 

  (1) The risk-free interest rate was determined by management using the market yield on U.S. Treasury securities with comparable terms as of the measurement date.
  (2) The trading volatility was determined by calculating the volatility of the Company’s peer group.
  (3) The Company does not expect to pay a dividend in the foreseeable future.