Annual report [Section 13 and 15(d), not S-K Item 405]

FAIR VALUE OF FINANCIAL LIABILITIES (Tables)

v3.26.1
FAIR VALUE OF FINANCIAL LIABILITIES (Tables)
 12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
SCHEDULE OF FAIR VALUE MEASUREMENTS OF EMBEDDED DERIVATIVE LIABILITIES AND WARRANT LIABILITIES

Financial liabilities consisting of warrant liabilities measured at fair value on a recurring basis are summarized below. The fair value of the warrant liabilities recorded are as follows:

 

 SCHEDULE OF FAIR VALUE MEASUREMENTS OF EMBEDDED DERIVATIVE LIABILITIES AND WARRANT LIABILITIES

    Fair value at December 31, 2025  
    Total     Level 1     Level 2     Level 3  
Liabilities:                        
Warrant liability   $ 1,492,395     $ —     $ —     $ 1,492,395  
Total liabilities   $ 1,492,395     $ —     $ —     $ 1,492,395  

 

    Fair value at December 31, 2024  
    Total     Level 1     Level 2     Level 3  
Liabilities:                                
Warrant liability   $ 2,690,605     $ —     $ —     $ 2,690,605  
Total liabilities   $ 2,690,605     $ —     $ —     $ 2,690,605  
SCHEDULE OF CHANGES IN FAIR VALUE OF THE DERIVATIVE LIABILITIES AND WARRANT LIABILITIES
Warrant liabilities:   2025     2024  
    Years Ended December 31,  
Warrant liabilities:   2025     2024  
Balance, beginning of period   $ 2,690,605     $ 2,152,188  
Issuance of warrants     —       3,917,630  
Exercise of warrants     —       (3,191,675 )
Amendment of warrants     —       (6,870,296 )
(Gain) loss on fair value of warrant liability     (1,198,210 )     6,682,758  
Balance, end of period   $ 1,492,395     $ 2,690,605