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SHAREHOLDERS EQUITY (Tables)
12 Months Ended
Dec. 31, 2025
Shareholders' equity:  
Schedule of stock options outstanding

 

 

For the years ended December 31,

 

 

 

2025

 

 

2024

 

 

 

Number

of

Options

 

 

Weighted Average Exercise Price

 

 

Number

of

Options

 

 

Weighted

Average

Exercise Price

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, beginning of period

 

 

805,042

 

 

$1.23

 

 

 

617,542

 

 

$1.38

 

Granted

 

 

-

 

 

 

-

 

 

 

225,000

 

 

 

0.75

 

Exercised

 

 

-

 

 

 

-

 

 

 

(31,250)

 

 

0.88

 

Expired

 

 

(67,500)

 

 

3.83

 

 

 

(6,250)

 

 

0.80

 

Outstanding, end of period

 

 

737,542

 

 

$0.99

 

 

 

805,042

 

 

$1.23

 

Schedule of Options Outstanding And Exercisable By Price Range

 

 

Average

 

 

 

 

 

 

 

Weighted

Exercisable Options

 

 

 

 

 

 

 

Remaining

 

 

 

 

 

Weighted

 

Outstanding Options

 

 

Contractual

 

 

 

 

 

Average

 

Range

 

 

Number

 

 

Life in Years

 

 

Number

 

 

Exercise Price

 

$

0.71

 

 

 

7,042

 

 

 

2.05

 

 

 

7,042

 

 

$0.71

 

$

0.75

 

 

 

225,000

 

 

 

8.38

 

 

 

225,000

 

 

$0.75

 

$

0.80

 

 

 

2,500

 

 

 

2.07

 

 

 

2,500

 

 

$0.80

 

$

0.85

 

 

 

210,000

 

 

 

7.08

 

 

 

210,000

 

 

$0.85

 

$

1.12

 

 

 

270,000

 

 

 

6.05

 

 

 

270,000

 

 

$1.12

 

$

1.93

 

 

 

10,500

 

 

 

0.95

 

 

 

10,500

 

 

$1.93

 

$

4.40

 

 

 

12,500

 

 

 

0.09

 

 

 

12,500

 

 

$4.40

 

 

 

 

 

 

737,542

 

 

 

6.84

 

 

 

737,542

 

 

$0.99

 

Schedule of Stock warrants outstanding

 

 

Number of RSUs

 

 

Weighted Average Grant Date Fair Value

 

Outstanding, beginning of period

 

 

-

 

 

 

-

 

Granted

 

 

100,000

 

 

$0.9983

 

Vested

 

 

(33,334)

 

$0.9983

 

Forfeited/Cancelled

 

 

-

 

 

 

-

 

Outstanding, end of period

 

 

66,666

 

 

$0.9983

 

 

 

For the years ended December 31,

 

 

 

2025

 

 

 

 

2024

 

 

 

 

 

Number

of

Warrants

 

 

Weighted Average Exercise Price

 

 

Number

of

Warrants

 

 

Weighted

Average

Exercise Price

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, beginning of period

 

 

2,765,846

 

 

$2.26

 

 

 

2,772,096

 

 

$2.25

 

Granted

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Expired

 

 

(161,458)

 

 

1.19

 

 

 

(6,250)

 

 

1.12

 

Outstanding, end of period

 

 

2,604,388

 

 

$2.32

 

 

 

2,765,846

 

 

$2.26

 

Schedule of Warrants Outstanding And Exercisable By Price Range

Outstanding Warrants

 

 

 

 

Exercisable Warrants

 

Exercise

Price

 

 

Number

 

 

Average Weighted

Remaining Contractual

Life in Years

 

 

Number

 

 

Weighted Average

Exercise Price

 

$

0.64

 

 

 

31,250

 

 

 

7.89

 

 

 

31,250

 

 

$0.64

 

$

0.80

 

 

 

125,000

 

 

 

8.08

 

 

 

125,000

 

 

$0.80

 

$

0.96

 

 

 

437,500

 

 

 

6.98

 

 

 

437,500

 

 

$0.96

 

$

1.68

 

 

 

1,434,721

 

 

 

0.74

 

 

 

1,434,721

 

 

$1.68

 

$

2.18

 

 

 

172,167

 

 

 

0.74

 

 

 

172,167

 

 

$2.18

 

$

4.00

 

 

 

28,750

 

 

 

4.32

 

 

 

28,750

 

 

$4.00

 

$

6.95

 

 

 

375,000

 

 

 

4.75

 

 

 

375,000

 

 

$6.95

 

 

 

 

 

 

2,604,388

 

 

 

2.85

 

 

 

2,604,388

 

 

$2.32