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Warrants (Tables)
12 Months Ended
Dec. 31, 2025
Warrants  
Schedule of warrant activity
               
  

Warrants Outstanding Number of

Shares

  

Weighted Average Remaining

Contractual Life

  

Weighted Average Exercise Price Per

Share

 
Balance at December 31, 2023   6,852,952    4.16   $8.19 
Granted   21,067,103    0.39    0.48 
Exercised   (2,157,736)       0.001 
Expired   (27,567)        
Forfeitures            
Balance at December 31, 2024   25,734,752    1.16    2.19 
Granted   17,499,311    3.21    0.45 
Exercised   (1,462,000)       0.001 
Expired   (149,559)        
Forfeitures            
Balance at December 31, 2025   41,622,504    2.86   $1.52 
                
Exercisable December 31, 2025   41,622,504    2.86   $1.52 
Schedule of assumptions
     
   May 13, 2025 
Market Price  $0.65 
Exercise Price   0.57 
Dividend Yield   %
Volatility   86.3%
Risk-free Interest Rate   4.1%
Expected Life of Warrants   5.00 

 

The fair value of the outstanding Series A derivative warrants was determined by using the BSM option pricing model based on the following assumptions as of December 31, 2024:

 

   December 31, 2024 
Market Price  $0.59 
Exercise Price   0.57 
Dividend Yield   %
Volatility   101.6%
Risk-free Interest Rate   4.0%
Expected Life of Warrants   5.00 

 

The fair value of the outstanding Series B derivative warrants, prior to their reclassification to equity, was determined by using the BSM option pricing model based on the following assumptions as of May 13, 2025:

 

   May 13, 2025 
Market Price  $0.65 
Exercise Price   0.57 
Dividend Yield   %
Volatility   68.9%
Risk-free Interest Rate   4.1%
Expected Life of Warrants   1.50 

 

The fair value of the outstanding Series B derivative warrants was determined by using the BSM option pricing model based on the following assumptions as of December 31, 2024:

 

   December 31, 2024 
Market Price  $0.59 
Exercise Price   0.57 
Dividend Yield   %
Volatility   82.5%
Risk-free Interest Rate   4.0%
Expected Life of Warrants   1.50