SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2025

SHARE-BASED COMPENSATION [Abstract]

Share-based Compensation Expenses

For the years ended December 31, 2025 and 2024, the total share-based compensation expenses were comprised of the following:

	For the Years Ended December 31,
	2025		2024
General and administrative expenses	$	2,487,988	$	2,921,063
Selling and marketing expenses		62,207		98,836
Research and development expenses		276,855		350,735
Total	$	2,827,050	$	3,370,634

Share Options Activity

A summary of share options activity for the years ended December 31, 2025 and 2024 were as follows:

	Number of Share Options*			Weighted Average Exercise Price* $		Weighted Average Remaining Contractual Years		Aggregate Intrinsic Value $
Outstanding at December 31, 2023		33,752			855.6		4.81		-
Granted		-			-
Exercised		-			-
Forfeited		(1,822	)		1,017.0
Expired		(3,046	)		1,016.4
Outstanding at December 31, 2024		28,884			828.0		3.65		-
Granted		-			-
Exercised		-			-
Forfeited		(326	)		1,317.0
Expired		(3,381	)		769.8
Outstanding at December 31, 2025		25,177			829.8		3.12		-
Expected to vest at December 31, 2025		765			1,021.1		5.69		-
Exercisable as of December 31, 2025		24,412			803.1		3.04		-

*On April 13, 2026, the Company effected a 1-for-60 reverse stock split of its issued and outstanding common stock (the “Reverse Stock Split”). As a result of the Reverse Stock Split, every sixty (60) shares of the Company’s common stock were automatically combined into one (1) share of common stock, with any fractional shares rounded up to the nearest whole share.

Fair Value Assumptions

The assumptions used in the valuation model are summarized in the following table.

	For the Years Ended December 31,
	2025			2024
Expected volatility	83.41%~86.57		%	83.41%~86.57		%
Expected dividends yield		0	%		0	%
Risk-free interest rate per annum	2.97%~3.01		%	2.97%~3.01		%
The fair value of underlying common stock (per share)	$	16.80		$	16.80