STOCKHOLDERS’ EQUITY (Tables)
|
12 Months Ended |
Dec. 31, 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 |
|
|
7,027,830 |
|
|
|
1.58 |
|
|
|
— |
|
| Exercised |
|
|
(659,786 |
) |
|
|
1.37 |
|
|
|
— |
|
| Expired |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Balance at December 31, 2025 |
|
|
13,086,220 |
|
|
$ |
1.92 |
|
|
|
3.13 |
|
| |
|
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 |
|
|
4,225,099 |
|
|
|
1.87 |
|
|
|
— |
|
| Exercised |
|
|
(1,157,201 |
) |
|
|
1.98 |
|
|
|
— |
|
| Expired |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Balance at December 31, 2024 |
|
|
6,718,176 |
|
|
$ |
2.37 |
|
|
|
4.56 |
|
|
| SCHEDULE OF SHARE-BASED PAYMENT AWARD, WARRANTS, VALUATION ASSUMPTIONS |
SCHEDULE OF SHARE-BASED PAYMENT AWARD, WARRANTS, VALUATION ASSUMPTIONS
| |
|
2025 |
|
|
2024 |
|
| Risk-free interest rate |
|
|
3.42% - 4.70 |
% |
|
|
4.2% - 4.7 |
% |
| Expected term (in years) |
|
|
3 - 6 |
|
|
|
5.5 |
|
| Expected volatility |
|
|
90% - 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 classified as equity
awards as of December 31, 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 |
|
|
4,019,830 |
|
|
|
1.73 |
|
|
|
|
|
|
|
|
|
| Exercised |
|
|
(570 |
) |
|
|
1.48 |
|
|
|
|
|
|
|
|
|
| Cancelled/forfeited |
|
|
(910,871 |
) |
|
|
2.69 |
|
|
|
|
|
|
|
|
|
| Balance at December 31, 2025 |
|
|
12,878,381 |
|
|
$ |
2.19 |
|
|
|
6.42 |
|
|
$ |
326,666 |
|
| Options exercisable at December 31, 2025 |
|
|
9,562,606 |
|
|
$ |
2.27 |
|
|
|
5.77 |
|
|
$ |
231,171 |
|
|
| SCHEDULE OF SHARE-BASED PAYMENT AWARD, STOCK OPTIONS, VALUATION ASSUMPTIONS |
The
value of option grants are calculated using the Black-Scholes-Merton option pricing model with the following assumptions for options
granted during the years ended December 31, 2025 and 2024.
SCHEDULE OF SHARE-BASED PAYMENT AWARD, STOCK OPTIONS, VALUATION ASSUMPTIONS
| |
|
|
2025 |
|
|
|
2024 |
|
| Risk-free interest rate |
|
|
3.53% - 4.43 |
% |
|
|
3.51% - 4.77 |
% |
| Expected term (in years) |
|
|
5 – 6.10 |
|
|
|
5 - 6.25 |
|
| Expected volatility |
|
|
90.0% - 95.0 |
% |
|
|
95.0% - 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
| |
|
2025 |
|
|
2024 |
|
| |
|
Years Ended |
|
| |
|
December 31, |
|
| |
|
2025 |
|
|
2024 |
|
| General and administrative |
|
$ |
1,789,142 |
|
|
$ |
1,274,206 |
|
| Research and development |
|
|
842,510 |
|
|
|
638,538 |
|
| Total stock-based compensation |
|
$ |
2,631,652 |
|
|
$ |
1,912,744 |
|
|