v3.25.2
FAIR VALUE MEASUREMENT
 3 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENT

NOTE 3 – FAIR VALUE MEASUREMENT

 

The Company’s USDC balance as of March 31, 2025 and December 31, 2024 amounted to $55 thousand and $44 thousand respectively (included within the prepaid and other current assets line item of the condensed consolidated balance sheets).

 

The following table is a summary of financial assets measured at fair value on a recurring basis and their classification within the fair value hierarchy:

 

As of March 31, 2025

 

Schedule of fair value assets measured on recurring basis                                        
    Carrying
Value		     Level 1     Level 2     Level 3     Total  
ASSETS                                        
Money market funds   $ 1,721,703     $ 1,721,703     $ -     $ -     $ 1,721,703  

As of December 31, 2024

 

  Carrying
Value		     Level 1     Level 2     Level 3     Total  
ASSETS                                        
Money market funds   $ 1,875,633     $ 1,875,633     $ -     $ -     $ 1,875,633  

 

The obligation to settle the Company’s unicoin rights liability through the exchange of a fixed number of unicoins, when and if all contingencies are resolved and unicoins are delivered and listed for trading, represents an embedded feature that may result in additional charges to the Company’s condensed consolidated statements of operations and comprehensive loss upon settlement. The embedded feature was initially valued at $0 and is not expected to fluctuate until the unicoins are delivered and listing for trading or probable of the delivery and listing for trading.

 

Assets Measured at Fair Value on a Non-Recurring Basis

 

Certain items such as goodwill, intangible assets, contingent divestiture and NCI resulting from the ITSQuest acquisition are recognized or disclosed at fair value on a non-recurring basis. The Company determines the fair value of these items using Level 3 inputs. There are inherent limitations when estimating the fair value of financial instruments, and the fair values reported are not necessarily indicative of the amounts that would be realized in current market transactions.