STOCKHOLDERS’ EQUITY (Tables)
|
9 Months Ended |
Sep. 30, 2025 |
|---|
| Equity [Abstract] |
|
| SCHEDULE OF WARRANT EXERCISED TABLE |
SCHEDULE OF WARRANT EXERCISED TABLE
| |
|
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 |
|
| |
|
Warrants
Outstanding |
|
|
Weighted
Average
Exercise
Price |
|
|
Weighted
Average
Remaining
Contractual
Term in
Years |
|
| Balance at January 1, 2024 |
|
|
3,650,278 |
|
|
$ |
2.82 |
|
|
|
5.00 |
|
| Issued |
|
|
2,949,169 |
|
|
|
1.65 |
|
|
|
|
|
| Exercised |
|
|
(1,157,201 |
) |
|
|
(1.98 |
) |
|
|
|
|
| Expired |
|
|
— |
|
|
|
— |
|
|
|
|
|
| Balance at September 30, 2024 |
|
|
5,442,246 |
|
|
$ |
2.37 |
|
|
|
4.62 |
|
|
| SCHEDULE OF SHARE-BASED PAYMENT AWARD, 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, 2025 and 2024:
SCHEDULE OF SHARE-BASED PAYMENT AWARD, WARRANTS, VALUATION ASSUMPTIONS
| |
|
2025 |
|
|
2024 |
|
| Risk-free interest rate |
|
|
4.04%-4.09 |
% |
|
|
4.20%-4.70 |
% |
| Expected term (in years) |
|
|
5-6 |
|
|
|
5.5 |
|
| Expected volatility |
|
|
95 |
% |
|
|
95 |
% |
| Expected dividend yield |
|
|
— |
|
|
|
— |
|
|
| SCHEDULE OF ACTIVITY AND INFORMATION REGARDING 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, 2025:
SCHEDULE OF ACTIVITY AND INFORMATION REGARDING OUTSTANDING AND EXERCISABLE OPTIONS
| |
|
Options Outstanding |
|
|
Weighted
Average
Exercise
Price |
|
|
Weighted
Average
Remaining
Contractual
Term in
Years |
|
|
Aggregate
Intrinsic
Value |
|
| Balance at January 1, 2025 |
|
|
9,769,992 |
|
|
$ |
2.43 |
|
|
|
6.68 |
|
|
|
— |
|
| Granted |
|
|
3,070,145 |
|
|
|
1.81 |
|
|
|
|
|
|
|
|
|
| Exercised |
|
|
(570 |
) |
|
|
(1.48 |
) |
|
|
|
|
|
|
|
|
| Cancelled/forfeited |
|
|
(709,943 |
) |
|
|
(2.89 |
) |
|
|
|
|
|
|
|
|
| Balance at September 30, 2025 |
|
|
12,129,624 |
|
|
$ |
2.24 |
|
|
|
6.64 |
|
|
$ |
252,245 |
|
| Options exercisable at September 30, 2025 |
|
|
9,064,362 |
|
|
$ |
2.29 |
|
|
|
5.96 |
|
|
$ |
217,323 |
|
|
| SCHEDULE OF SHARE-BASED PAYMENT AWARD, 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, 2025 and 2024:
SCHEDULE OF SHARE-BASED PAYMENT AWARD, STOCK OPTIONS, VALUATION ASSUMPTIONS
| |
|
2025 |
|
|
2024 |
|
| Risk-free interest rate |
|
|
3.67% - 4.43 |
% |
|
|
3.79% - 4.77 |
% |
| Expected term (in years) |
|
|
5 – 6.08 |
|
|
|
5 - 6.25 |
|
| Expected volatility |
|
|
90% - 95 |
% |
|
|
95% - 152.5 |
% |
| 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
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the Three Months Ended
September 30, |
|
|
For the Nine Months Ended
September 30, |
|
| |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
| General and administrative |
|
$ |
419,812 |
|
|
$ |
260,397 |
|
|
$ |
1,188,545 |
|
|
$ |
748,302 |
|
| Research and development |
|
|
227,088 |
|
|
|
194,991 |
|
|
|
632,311 |
|
|
|
470,999 |
|
| Total stock-based compensation |
|
$ |
646,900 |
|
|
$ |
455,388 |
|
|
$ |
1,820,856 |
|
|
$ |
1,219,301 |
|
|