Annual report [Section 13 and 15(d), not S-K Item 405]

STOCKHOLDERS??? WARRANTS (Tables)

v3.26.1
STOCKHOLDERS’ WARRANTS (Tables)
12 Months Ended
Dec. 31, 2025
SCHEDULE OF WARRANT ACTIVITY

The following table summarizes warrant activity for the years ended December 31, 2025 and 2024:

 

    Shares available
to purchase
    Weighted
Average
    Weighted
Average
Remaining
Contractual
    Aggregate  
    with warrants     Exercise Price     Term (in years)     Intrinsic Value  
Outstanding, December 31, 2024     39,100,000     $ 0.19       2.88     $ 21,000  
Issued     -       -       -       -  
Exercised     -       -       -       -  
Cancelled     (458,336 )     0.19       -       -  
Expired     (300,000 )     0.90       -       -  
Outstanding, December 31, 2025     38,341,664     $ 0.19       1.90     $ 13,160  
                                 
Exercisable, December 31, 2025     38,129,164     $ 0.19       1.90     $ 13,160  
                                 
Outstanding, December 31, 2023     39,350,000     $ 0.20       3.87     $ 61,600  
Issued     -       -       -       -  
Exercised     -       -       -       -  
Cancelled     -       -       -       -  
Expired     (250,000 )     1.00       -       -  
Outstanding, December 31, 2024     39,100,000     $ 0.19       2.88     $ 21,000  
                                 
Exercisable, December 31, 2024     29,483,863     $ 0.19       2.88     $ 21,000  
Common Class A [Member]  
SCHEDULE OF EXERCISABLE WARRANTS

The following table summarizes information about stock warrants to purchase shares of the Company’s Class A common stock outstanding and exercisable as of December 31, 2025:

  

            Weighted-     Weighted-        
            Average     Average        
Range of     Outstanding     Remaining Life     Exercise     Number  
exercise prices     Warrants     In Years     Price     Exercisable  
$ 0.19       37,841,664       1.90     $ 0.19       37,629,164  
$ 0.20       100,000       1.84     $ 0.20       100,000  
$ 0.01       400,000       2.04     $ 0.01       400,000  
          38,341,664       1.90     $ 0.19       38,129,164  

 

The following table summarizes information about stock warrants to purchase shares of the Company’s Class A common stock outstanding and exercisable as of December 31, 2024:

 

            Weighted-     Weighted-        
            Average     Average        
Range of     Outstanding     Remaining Life     Exercise     Number  
exercise prices     Warrants     In Years     Price     Exercisable  
$ 0.90       300,000       0.75       0.90       300,000  
$ 0.19       38,300,000       2.90     $ 0.19       28,638,863  
$ 0.20       100,000       2.84     $ 0.20       100,000  
$ 0.01       400,000       3.04     $ 0.01       400,000  
          39,100,000       2.88     $ 0.19       29,438,863