Quarterly report [Sections 13 or 15(d)]

Shareholders??? Equity (Tables)

v3.25.3
Shareholders’ Equity (Tables)
9 Months Ended
Sep. 30, 2025
Shareholders’ Equity [Abstract]  
Schedule of Significant Inputs into Black-Scholes Valuation Model The significant inputs into the Black-Scholes valuation model at the initial recognition date are as follows:
    5 Years
Sep
Warrants
    2 Years
Sep
Warrants
 
Term     5 years       2 years  
Dividend    
-
     
-
 
Expected volatility     73.91 %     190 %
Risk-free rate     3.71 %     3.58 %
Stock price   $ 0.4322     $ 0.4322  
Schedule of Outstanding Warrants

Total outstanding warrants as of September 30, 2025, are as follow:

    Number of
warrants
    Exercise
price
  Period left
in years
Warrants May 2023     66,127     $4.625   1.8
Warrants December 2023     88,983     $1.475   3.3
Warrants June 2024     69,977     $3.4375   4.2
Warrants July 2024     69,977     $2.5   0.8
Warrants July 2025     4,991,878     $0.62-$0.77   2.72
Warrants September 2025     6,704,210     $0.37-$0.46   3.66
Other     36,792     $10.27 - $50   0.9 – 1.8
Outstanding as of September 30, 2025     12,027,944          
Schedule of Awards Granted During the quarter ending September 30, 2025, the following awards were granted:
Award Type (2025 Plan)   Number of Awards     Vesting Conditions   Expiration Date
RSU     1,732,500     Over 3 years from grant date   10th anniversary of Grant Date
Schedule of Share Options, Granted to Employees, Directors, Under Option Plans A summary of the Company’s share options, granted to employees, directors, under option plans is as follows:
    Number of
options
    Weighted
Average
Exercise
Price
    Weighted
Average
Remaining
Contractual
Life
 
Outstanding – January 1, 2025     62,678       4.38       3.4  
Granted    
-
     
-
      -  
Exercised    
-
     
-
      -  
Forfeited     (22,089 )     0.75       -  
                         
Outstanding – September 30, 2025     40,589       3.63       2.3  
Exercisable – September 30, 2025     39,025       3.50       2.1  
Schedule of RSUs Activity under Option Plans A summary of the Company’s RSUs, granted to employees, directors, under option plans is as follows:
    Nine months ended
September 30,
2025
 
    Number of
RSUs
    Weighted-
Average
Grant
Date Fair
Value
 
RSUs outstanding at the beginning of the year     36,254       12.38  
Granted during the period     1,732,500       0.68  
Vested during the period     (25,014 )     4.66  
Forfeited during the period     (667 )     1.399  
Outstanding as of September 30, 2025     1,743,073       0.69