v3.25.2
Fair Value of Financial Instruments
6 Months Ended
Jun. 30, 2025
Fair Value of Financial Instruments  
Fair Value of Financial Instruments

Note 8 – Fair Value of Financial Instruments

 

The Company evaluates its financial assets and liabilities subject to fair value measurements on a recurring basis to determine the appropriate level in which to classify them for each reporting period. This determination requires significant judgments to be made.

 

Liabilities measured at fair value on a recurring basis consisted of the following at June 30, 2025 and December 31, 2024:

 

 

 

June 30, 2025

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liabilities

 

$-

 

 

$-

 

 

$322,710

 

 

$322,710

 

Total

 

$-

 

 

$-

 

 

$322,710

 

 

$322,710

 

 

 

 

December 31, 2024

 

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Derivative liabilities

 

$-

 

 

$-

 

 

$338,061

 

 

$338,061

 

Total

 

$-

 

 

$-

 

 

$338,061

 

 

$338,061