STOCKHOLDERS’ EQUITY (Tables)
|
9 Months Ended |
Sep. 30, 2026 |
|---|
| Equity [Abstract] |
|
| SCHEDULE OF WARRANT ACTIVITY |
SCHEDULE OF WARRANT ACTIVITY
| |
|
Warrants Outstanding
|
|
|
Weighted Average Exercise Price
|
|
|
Weighted Average Remaining Contractual Term in Years
|
|
| Balance at January 1, 2026 |
|
|
13,086,220 |
|
|
$ |
1.92 |
|
|
|
3.78 |
|
| Issued |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Exercised |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Expired |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Balance at September 30, 2026 |
|
|
13,086,220 |
|
|
$ |
1.92 |
|
|
|
3.03 |
|
| |
|
Warrants Outstanding
|
|
|
Weighted Average Exercise Price
|
|
|
Weighted Average Remaining Contractual Term in Years
|
|
| Balance at January 1, 2025 |
|
|
6,718,176 |
|
|
$ |
2.37 |
|
|
|
4.56 |
|
| Issued |
|
|
3,644,299 |
|
|
|
1.65 |
|
|
|
— |
|
| Exercised |
|
|
(659,786 |
) |
|
|
1.37 |
|
|
|
— |
|
| Expired |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Balance at September 30, 2025 |
|
|
9,702,689 |
|
|
$ |
2.06 |
|
|
|
4.36 |
|
|
| SCHEDULE OF WARRANTS, VALUATION ASSUMPTIONS |
The
value of warrant grants is calculated using the Warrant Black Scholes calculations with the following assumptions for warrants granted
during the nine months ended September 30, 2026 and 2025:
SCHEDULE OF WARRANTS, VALUATION ASSUMPTIONS
| |
|
2026 |
|
|
2025 |
|
| Risk-free
interest rate |
|
|
N/A |
% |
|
|
3.97%-4.23 |
% |
| Expected
term (in years) |
|
|
N/A |
|
|
|
5
- 6 |
|
| Expected
volatility |
|
|
N/A |
% |
|
|
95 |
% |
| Expected
dividend yield |
|
|
N/A |
|
|
|
— |
|
|
| SCHEDULE OF ACTIVITY AND INFORMATION OF OUTSTANDING AND EXERCISABLE OPTIONS |
The
following table summarizes the activity and information regarding MAIA’s outstanding and exercisable options for the nine months
ended September 30, 2026:
SCHEDULE OF ACTIVITY AND INFORMATION OF OUTSTANDING AND EXERCISABLE OPTIONS
| |
|
Options Outstanding
|
|
|
Weighted Average Exercise Price
|
|
|
Weighted Average Remaining Contractual Term in Years
|
|
|
Aggregate Intrinsic Value
|
|
| Balance at January 1, 2026 |
|
|
12,878,381 |
|
|
$ |
2.19 |
|
|
|
6.68 |
|
|
|
- |
|
| Granted |
|
|
4,919,476 |
|
|
|
1.36 |
|
|
|
|
|
|
|
|
|
| Exercised |
|
|
(21,479 |
) |
|
|
(1.79 |
) |
|
|
|
|
|
|
|
|
| Cancelled/forfeited |
|
|
(800,000 |
) |
|
|
(1.47 |
) |
|
|
|
|
|
|
|
|
| Balance at September 30, 2026 |
|
|
16,976,378 |
|
|
$ |
1.98 |
|
|
|
6.66 |
|
|
$ |
21,013 |
|
| Options exercisable at September 30, 2026 |
|
|
11,730,704 |
|
|
$ |
2.18 |
|
|
|
5.51 |
|
|
$ |
20,919 |
|
|
| SCHEDULE OF STOCK OPTIONS, VALUATION ASSUMPTIONS |
The
value of option grants is calculated using the Black-Scholes-Merton option pricing model with the following assumptions for options granted
during the nine months ended September 30, 2026 and 2025:
SCHEDULE OF STOCK OPTIONS, VALUATION ASSUMPTIONS
| |
|
2026 |
|
|
2025 |
|
| Risk-free interest rate |
|
|
3.94% - 4.28 |
% |
|
|
3.78% - 4.43 |
% |
| Expected term (in years) |
|
|
5 – 6.08 |
|
|
|
5 – 6.08 |
|
| Expected volatility |
|
|
85 |
% |
|
|
90% - 95 |
% |
| Expected dividend yield |
|
|
— |
% |
|
|
— |
% |
|
| SCHEDULE OF STOCK BASED COMPENSATION EXPENSE |
Stock
based compensation related to the Company’s stock plans are as follows:
SCHEDULE OF STOCK BASED COMPENSATION EXPENSE
| |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
| |
|
For the Three Months Ended September 30, |
|
|
For the Nine Months Ended September 30, |
|
| |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
| General and administrative |
|
$ |
570,810 |
|
|
$ |
419,812 |
|
|
$ |
1,505,767 |
|
|
$ |
1,188,545 |
|
| Research and development |
|
|
310,947 |
|
|
|
227,088 |
|
|
|
749,929 |
|
|
|
632,311 |
|
| Total stock-based compensation |
|
$ |
881,757 |
|
|
$ |
646,900 |
|
|
$ |
2,255,696 |
|
|
$ |
1,820,856 |
|
|