Quarterly report [Sections 13 or 15(d)]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.26.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
SCHEDULE OF ANTIDILUTIVE SECURITIES EXCLUDED FROM COMPUTATION OF NET LOSS PER SHARE

The following table summarizes the securities that were excluded from the diluted per-share computation for the periods presented because their inclusion would have been anti-dilutive:

 

    2026     2025  
    Three Months Ended June 30,  
    2026     2025  
Warrants     38,341,664       38,825,000  
Stock options     4,618,750       3,602,500  
Acquisition Stock Consideration Payable     -       -  
Total     42,960,414       42,427,500  

 

    2026     2025  
    Six Months Ended June 30,  
    2026     2025  
Warrants     38,341,664       -  1
Stock options     4,618,750       -  1
Acquisition Stock Consideration Payable     -       -  1
Total     42,960,414       -  1

 

1 For the six months ended June 30, 2025, the Company reported net income and its common stock equivalents were dilutive; accordingly, no securities were excluded as anti-dilutive for that period. The effect of those dilutive securities on the weighted average number of diluted shares is presented in the reconciliation below.
SCHEDULE OF COMPUTED BASIC AND DILUTED NET INCOME PER SHARE

Because the effect of the Company’s common stock equivalents was dilutive for the six months ended June 30, 2025, the following table reconciles the weighted average shares used to compute basic and diluted net income per share for that period:

 

    Six Months Ended  
    June 30, 2025  
      (in shares)  
Weighted average shares outstanding – basic     682,188,467  
Effect of dilutive warrants     38,863,674  
Effect of dilutive stock options     3,621,146  
Effect of dilutive acquisition stock consideration payable     67,246,796  
Weighted average shares outstanding – diluted     791,920,083