v3.25.2
FAIR VALUE OF FINANCIAL LIABILITIES (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2025 
   Total   Level 1   Level 2   Level 3 
Liabilities:                    
Warrant liability  $2,125,218   $   $   $2,125,218 
Total liabilities  $2,125,218   $   $   $2,125,218 

 

   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

The table below provides a summary of the changes in fair value of the warrant liabilities measured on a recurring basis using significant unobservable inputs (Level 3):

 

 SCHEDULE OF CHANGES IN FAIR VALUE OF THE DERIVATIVE LIABILITIES AND WARRANT LIABILITIES

                 
   Three Months Ended
June 30,
   Six Months Ended
June 30,
 
Warrant liabilities:  2025   2024   2025   2024 
Balance, beginning of period  $1,864,616   $9,573,197   $2,690,605   $2,152,188 
Issuance of warrants       677,919        3,917,630 
Exercises of warrants       (3,191,675)       (3,191,675)
Amendments of warrants       (6,870,296)       (6,870,296)
Loss (gain) on fair value of warrant liability   260,602    5,157,493    (565,387)   9,338,791 
Balance, end of period  $2,125,218   $5,346,638   $2,125,218   $5,346,638