STOCKHOLDERS’ EQUITY (Tables)
|
6 Months Ended |
Jun. 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 June 30,
2026 |
|
|
13,086,220 |
|
|
$ |
1.92 |
|
|
|
3.28 |
|
| |
|
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 |
|
|
| 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, 2026 and 2025:
SCHEDULE OF SHARE-BASED PAYMENT AWARD, WARRANTS, VALUATION ASSUMPTIONS
| |
|
2026 |
|
|
2025 |
|
| Risk-free interest rate |
|
|
—%
- — |
% |
|
|
4.04%-4.09 |
% |
| Expected term (in years) |
|
|
— |
|
|
|
5
- 6 |
|
| Expected volatility |
|
|
— |
% |
|
|
95 |
% |
| Expected dividend yield |
|
|
— |
|
|
|
— |
|
|
| 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 six months
ended June 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 |
|
|
4,223,523 |
|
|
|
1.37 |
|
|
|
|
|
|
|
|
|
| Exercised |
|
|
(21,479 |
) |
|
|
1.79 |
|
|
|
|
|
|
|
|
|
| Cancelled/forfeited |
|
|
(400,000 |
) |
|
|
1.44 |
|
|
|
|
|
|
|
|
|
| Balance at June 30,
2026 |
|
|
16,680,425 |
|
|
$ |
2.00 |
|
|
|
6.84 |
|
|
$ |
513,032 |
|
| Options exercisable
at June 30, 2026 |
|
|
11,219,197 |
|
|
$ |
2.20 |
|
|
|
5.60 |
|
|
$ |
176,297 |
|
|
| 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, 2026 and 2025:
SCHEDULE OF SHARE-BASED PAYMENT AWARD, STOCK OPTIONS, VALUATION ASSUMPTIONS
| |
|
2026 |
|
|
2025 |
|
| Risk-free interest rate |
|
|
3.94%
- 4.04 |
% |
|
|
3.78%
- 4.43 |
% |
| Expected term (in years) |
|
|
5
– 6.09 |
|
|
|
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 June 30, |
|
|
For the six Months Ended June
30, |
|
| |
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
| General and administrative |
|
$ |
494,221 |
|
|
$ |
569,875 |
|
|
$ |
934,957 |
|
|
$ |
768,733 |
|
| Research and development |
|
|
229,694 |
|
|
|
232,609 |
|
|
|
438,982 |
|
|
|
405,223 |
|
| Total stock-based
compensation |
|
$ |
723,915 |
|
|
$ |
802,484 |
|
|
$ |
1,373,939 |
|
|
$ |
1,173,956 |
|
|