v3.25.2
CONVERTIBLE LOAN MEASURED AT FAIR VALUE (Tables)
6 Months Ended
Jun. 30, 2025
Related Party Transactions [Abstract]  
Fair Value Measurement Inputs and Valuation Techniques
The significant input of the discounted cash flow model for the bond component is the discount rate. Below are the key inputs used in the Black-Scholes-Merton model for the conversion option:
June 30, 2025
Market price of public stock$3.63 
Exercise price$0.50 
Expected term (years)0.91
Volatility79.71 %
Risk-free interest rate3.94 %
Dividend rate0.00 %