v3.25.2
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2025
Fair Value Measurements [Abstract]  
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]

The following table classifies the Company’s liabilities measured at fair value on a recurring basis into the fair value hierarchy as of March 31, 2025 and December 31, 2024:

 

   March 31, 2025 
   Fair Value   Level 1   Level 2   Level 3 
Stock-Based Compensation Liability  $44,392   $
     -
   $
    -
   $44,392 

 

    December 31, 2024  
    Fair Value     Level 1      Level 2      Level 3   
Stock-Based Compensation Liability   $
-
   $
-
   $
-
   $
-
 
Schedule of Company’s Liabilities Measured at Fair Value

The following table presents changes in Level 3 liabilities measured at fair value for the three months ended March 31, 2025. Both observable and unobservable inputs were used to determine the fair value of positions that the Company has classified within the Level 3 category.

 

  

Stock-Based Compensation

Liability

 
Balance as of December 31, 2024  $
-
 
Change in fair value - Capitalized Implementation Costs   35,340 
Change in fair value - Software Expense   9,052 
Balance as of March 31, 2025  $44,392 
Schedule of the Key Inputs for the Monte Carlo Simulation for the Derivative Liability

The key inputs for the Monte Carlo simulation for the stock-based compensation liability as of March 31, 2025 were as follows:

 

Stock-based compensation liability key valuation inputs*    
Valuation Date Stock Price  $6.61 
Volatility   90%
Risk-Free Rate   3.95%
Credit Risk Adjusted Rate   11.25%
Time period (years)   5.44 

 

* The valuation was based on a Monte Carlo simulation analysis of 100,000 iterations.