v3.25.2
Warrant Liabilities (Tables)
 12 Months Ended
Dec. 31, 2024
Warrant liabilities [Abstract]  
Schedule of Fair Value of the Warrant Liabilities

The fair value of the warrant liabilities presented below were measured using a BSM valuation methodology. Significant inputs into the respective model at the inception, de-recognition and reporting period measurement dates are summarized as follows:

 

       Period Ended   Expiration Date 
Valuation Assumption  Issuance Date    Jun 6, 2024   Nov 2, 2028 
             
Exercise Price   0.207    0.207    0.207 
Warrant Expiration date   Nov 2, 2028    Nov 2, 2028    Nov 2, 2028 
Stock Price   0.13    0.11    
-
 
Interest Rate (Annual)   4.65%   4.29%   
-
 
Volatility (Annual)   100.54%   159.04%   
-
 
Time to Maturity (Years)   5    4.41    Expired 
Calculated Value per Share   0.09    0.10    
-
 

The fair value of the warrant liabilities presented below were measured using a BSM valuation model. Significant inputs into the respective model at the inception and reporting period measurement dates are summarized as follows:

 

       Period Ended   Expiration Date 
Valuation Assumption  Issuance Date   July 9, 2024   Nov 2, 2028 
             
Exercise Price   0.276    0.276    0.276 
Warrant Expiration date   Feb 2, 2029    Feb 2, 2029    Feb 2, 2029 
Stock Price   0.18    0.10    
-
 
Interest Rate (Annual)   3.99%   4.24%   
-
 
Volatility (Annual)   152.48%   158.8%   
-
 
Time to Maturity (Years)   5    4.57    Expired 
Calculated Value per Share   0.16    0.09    
-
 
Schedule of Warrant liabilities Fair value at Initial Measurement
Warrant liabilities Fair value at initial measurement  Warrant
outstanding		   Fair value
per share		   Fair value 
       $   $ 
November 2, 2023   
*699,838
    4.50   $3,235,357 
Loss on change of fair value of warrant liabilities   -    -    1,736,512 
Fair value as of period ended Dec 31, 2023   699,838    7.1043    4,971,869 
Gain on change of fair value of warrant liabilities             (1,602,503)
Fair value of period ended June 6, 2024 Cashless exercise of 489,880   699,838    4.814    3,369,366 
At reporting date on June 30, 2024 de-recognition of 699,838   (699,838)   4.814    (3,369,366)
Fair value for the period ended June 30, 2024   
 
    
 
    
-
 

 

*All shares and per share data have been retroactively restated to reflect reverse stock split effected on April 12, 2024 onwards
Warrant liabilities Fair value at initial measurement  Warrant
outstanding		   Fair value
per share		   Fair value 
             
February 2, 2024   
*1,399,675
   $8.12   $11,367,911 
Loss on change of fair value of warrant liabilities   -    -    (5,036,413)
De-recognition due to cashless exercise on July 9, 2024   (1,399,675)   4.52    (6,331,498)
Fair value as of period ended December 31, 2024   
 
    
 
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