FAIR VALUE

6 Months Ended

Jun. 30, 2025

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

NOTE 12 – FAIR VALUE

Financial Liabilities Measured at Fair Value on a Recurring Basis

The fair value accounting standards define fair value as the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is determined based upon assumptions that market participants would use in pricing an asset or liability. Fair value measurements are rated on a three-tier hierarchy as follows:

●	Level 1 inputs: Quoted prices (unadjusted) for identical assets or liabilities in active markets;

●	Level 2 inputs: Inputs, other than quoted prices included in Level 1, that are observable either directly or indirectly; and

●	Level 3 inputs: Unobservable inputs for which there is little or no market data, which require the reporting entity to develop its own assumptions.

There were no transfers between Level 3 during the six months ended June 30, 2025, and 2024.

The following table presents changes in Level 3 asset and liability measured at fair value for the six months ended June 30, 2025 and 2024:

	Warrants Liability
Balance – March 31, 2025	$	-
Issuance – warrant liability		5,571
Fair Value adjustments – warrant liability		(1,410	)
Balance – June 30, 2025	$	4,161

The following table sets forth the Company’s assets and liabilities which are measured at fair value on a recurring basis by level within the fair value hierarchy:

		Level I		Level II		Level III		Total
		Fair Value Measurements as of June 30, 2025
		Level I		Level II		Level III		Total
Warrant liability	$	-	$	-	$	4,161	$	4,161