v3.25.2
WARRANT LIABILITY (Tables)
6 Months Ended
Jun. 30, 2025
Guarantees and Product Warranties [Abstract]  
Schedule of Fair value hierarchy
           
    Level 1   Level 2   Level 3
             
Private Warrants   $     $     $ 25,984  
Total   $     $     $ 25,984  

 

The following presents the Company’s fair value hierarchy for the 406,000 Private Warrants issued which are classified as liabilities measured at fair value as of December 31, 2024:

 

    Level 1   Level 2   Level 3
             
Private Warrants   $     $     $ 12,180  
Total   $     $     $ 12,180  
Schedule of valuation of the Company’s Private Warrants
               
    June 30,   December 31,
    2025   2024
         
Valuation Method Utilized   Modified Black Scholes   Modified Black Scholes
Stock Price   $ 15.00     $ 11.20  
Exercise Price   $ 11.50     $ 11.50  
Expected Term (years)     5.04       5.25  
Volatility     5.0 %     1.25 %
Risk-free rate     3.72 %     4.38 %
Market adjustment     1.2 %     9 %
Schedule of beginning and ending balances of warrants
   
Private Warrants    
    Level 3
Fair value at December 31, 2024   $ 12,180  
Change in fair value     (6,090 )
Fair value at March 31, 2025   $ 6,090  
Change in fair value     19,894  
Fair value at June 30, 2025   $ 25,984  

 

Private Warrants    
    Level 3
Fair value at December 31, 2023   $ 4,060  
Change in fair value     8,120  
Fair value at March 31, 2024   $ 12,180  
Change in fair value     (4,060 )
Fair value at June 30, 2024   $ 8,120