STOCKHOLDERS’ EQUITY (Tables)
|
6 Months Ended |
Jun. 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 |
|
|
|
4.04 |
|
|
|
— |
|
| Exercised |
|
|
(219,283 |
) |
|
|
(1.50 |
) |
|
|
— |
|
| Expired |
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Balance at June 30, 2025 |
|
|
10,143,192 |
|
|
$ |
2.17 |
|
|
|
4.62 |
|
| |
|
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 June 30, 2024 |
|
|
5,442,246 |
|
|
$ |
2.37 |
|
|
|
4.87 |
|
|
| 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 six months ended June 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 six months
ended June 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 |
|
|
2,591,991 |
|
|
|
1.80 |
|
|
|
|
|
|
|
|
|
| Exercised |
|
|
(570 |
) |
|
|
(1.48 |
) |
|
|
|
|
|
|
|
|
| Cancelled/forfeited |
|
|
(409,001 |
) |
|
|
(3.60 |
) |
|
|
|
|
|
|
|
|
| Balance at June 30, 2025 |
|
|
11,952,412 |
|
|
$ |
2.25 |
|
|
|
6.77 |
|
|
$ |
627,620 |
|
| Options exercisable at June 30, 2025 |
|
|
8,772,024 |
|
|
$ |
2.29 |
|
|
|
5.98 |
|
|
$ |
474,995 |
|
|
| 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 six months ended June 30, 2025 and 2024:
SCHEDULE OF SHARE-BASED PAYMENT AWARD, STOCK OPTIONS, VALUATION ASSUMPTIONS
| |
|
|
2025 |
|
|
|
2024 |
|
| Risk-free interest rate |
|
|
3.78% - 4.43 |
% |
|
|
3.94% - 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
| |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
| |
|
For the Three Months Ended
June 30, |
|
|
For the Six Months Ended
June 30, |
|
| |
|
2025 |
|
|
2024 |
|
|
2025 |
|
|
2024 |
|
| General and administrative |
|
$ |
569,875 |
|
|
$ |
256,916 |
|
|
$ |
768,733 |
|
|
$ |
487,905 |
|
| Research and development |
|
|
232,609 |
|
|
|
157,032 |
|
|
|
405,223 |
|
|
|
276,008 |
|
| Total stock-based compensation |
|
$ |
802,484 |
|
|
$ |
413,948 |
|
|
$ |
1,173,956 |
|
|
$ |
763,913 |
|
|