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STOCKHOLDERS' EQUITY (Tables)
9 Months Ended
Sep. 30, 2025
STOCKHOLDERS' EQUITY  
Schedule of share-based compensation

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

    

2025

    

2024

    

2025

    

2024

Stock options

$

2,083,722

$

97,655

$

2,487,805

$

161,124

RSUs

 

1,772,753

 

55,064

 

2,200,967

 

292,442

Total share-based compensation expense

$

3,856,475

$

152,719

$

4,688,772

$

453,566

Schedule of aggregate non-cash stock-based compensation recognized

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

    

2025

    

2024

    

2025

    

2024

General and administrative

$

145,828

$

67,708

$

476,921

$

295,485

Salaries and benefits

 

3,706,746

 

82,410

 

4,200,149

 

155,480

Professional fees

 

3,901

 

2,601

 

11,702

 

2,601

Total non-cash share-based compensation expense

$

3,856,475

$

152,719

$

4,688,772

$

453,566

Schedule of stock options

    

Nine Months

 

Ended

 

September

 

Weighted-Average Grant Date Assumptions

30, 2025

 

Expected term (in years)

 

9.3

Risk-free interest rate

 

4.3

%

Expected dividend yield

 

0.0

%

Expected volatility

 

96.0

%

Fair value per share

$

2.49

Weighted-

Weighted-

Average

Average

Exercise

Remaining

Aggregate

Price Per

Contractual

Intrinsic

    

Shares

    

Share

    

Term (in years)

    

Value

Options outstanding, December 31, 2024

 

4,330,000

$

0.23

 

3.7

$

6,652,700

Granted

 

2,391,400

 

2.41

 

 

Exercised

 

(672,500)

 

0.23

 

 

Forfeited

 

(166,667)

 

0.22

 

 

Expired

 

 

 

 

Options outstanding, September 30, 2025

 

5,882,233

$

1.12

 

5.7

$

29,818,109

Nonvested options, September 30, 2025

 

5,190,566

$

1.21

 

5.8

$

25,801,817

Vested and exercisable options, September 30, 2025

 

691,667

$

0.39

 

4.4

$

4,016,292

Schedule of restricted stock units

Weighted-

Average

Grant Date

Fair Value

    

Shares

    

Per Share

RSUs outstanding at December 31, 2024

 

2,090,000

$

0.24

Granted

 

2,182,800

 

2.86

Vested

 

(1,428,199)

 

1.16

Forfeited

 

 

RSUs outstanding at September 30, 2025

 

2,844,601

$

1.79

Schedule of common stock warrants

Weighted

Number of

Average

    

Warrants

    

Exercise Price

Balance at December 31, 2024

 

10,142,215

$

0.77

Exercised

 

(5,772,822)

 

0.77

Balance at September 30, 2025

 

4,369,393

$

0.77

Schedule of warrants outstanding

Number of warrants

    

Exercise Price

    

Expiration Date

    

Remaining life (years)

857,143

$

0.46

 

1/27/2026

 

0.33

806,500

$

0.85

 

2/1/2026

 

0.34

2,705,750

$

0.85

 

8/3/2026

 

0.84

4,369,393