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STOCK OPTIONS | 9 Months Ended
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Sep. 30, 2025
Share-Based Payment Arrangement [Abstract] |
STOCK OPTIONS | 11. STOCK OPTIONS A summary of option activity for the nine months ended September 30, 2025 is presented below. SCHEDULE OF STOCK OPTION ACTIVITY
|  |  |  |  |  |  |  | Weighted- |  |  |  |
|  |  |  |  | Weighted- |  |  | Average |  |  |  |
|  |  |  |  | Average |  |  | Remaining |  |  | Aggregate |
|  |  |  |  | Exercise |  |  | Contractual |  |  | Intrinsic |
|  | Options |  |  | Price |  |  | Life (Years) |  |  | Value |
Outstanding at January 1, 2025 |  |  | 18,075 |  |  | $ | 127.61 |  |  |  | 4.22 |  |  | $ | - |
Granted |  |  | 13,451 |  |  |  | 6.59 |  |  |  | - |  |  |  | - |
Forfeited |  |  | (275 | ) |  |  | 146.00 |  |  |  | - |  |  |  | - |
Exercised |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Outstanding at September 30, 2025 |  |  | 31,251 |  |  | $ | 75.36 |  |  |  | 3.82 |  |  | $ | - |
Vested September 30, 2025 |  |  | 31,251 |  |  | $ | 75.36 |  |  |  | 3.82 |  |  | $ | - |
Exercisable at September 30, 2025 |  |  | 31,251 |  |  | $ | 75.36 |  |  |  | 3.82 |  |  | $ | - |
At September 30, 2025, the intrinsic value of the outstanding options was $0. The total stock compensation expense recognized relating to the vesting of stock options for the three and nine months ended September 30, 2025 and 2024 amounted to $566 and $100, and $816 and $529, respectively. The fair value of share option award is estimated using the Black-Scholes option pricing method based on the following weighted-average assumptions: SCHEDULE OF FAIR VALUE ASSUMPTIONS USING BLACK-SCHOLES METHOD
|  | Nine Months Ended September 30, |
|  | 2025 |  |  | 2024 |
Risk-free interest rate |  |  | 4.46 | % |  |  | 4.62 | %
Average expected term |  |  | 5 years |  |  |  | 5 years |
Expected volatility |  |  | 144.1 | % |  |  | 139.2 | %
Expected dividend yield |  |  | - |  |  |  | - |
The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of measurement corresponding with the expected term of the share option award; the expected term represents the weighted-average period of time that share option awards granted are expected to be outstanding giving consideration to vesting schedules and historical participant exercise behavior; the expected volatility is based upon historical volatility of the Company’s common stock; and the expected dividend yield is based on the fact that the Company has not paid dividends in the past and does not expect to pay dividends in the future.

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