v3.25.2
Derivative Liabilities
6 Months Ended
Jun. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Liabilities

Note 7: Derivative Liabilities

 

During the quarter, on September 26, 2024, the Company executed a 1-for-25 reverse stock split, which resulted in a reduction in the total number of outstanding shares. As a result of this reverse stock split, the Company’s previously outstanding derivative instruments, which were tied to the conversion of shares, are now fully convertible. Consequently, all potential conversion rights are now exercisable, and the associated derivative liabilities have been extinguished as of the reverse stock split date. Accordingly, the Company no longer recognizes derivative liabilities in its financial statements.

 

Derivative liabilities (fair value)

 

Beginning Balance  $208,142 
Change due to Issuances   899,248 
Change due to Conversions   (11,298)
Mark-to-market   (885,269)
Gain on derivatives-convertible notes   (206,358)
Gain on derivatives-warrants   (4,465)
Fair Value Balance December 31, 2024  $-