| SCHEDULE OF FAIR VALUE VALUATION ASSUMPTIONS |
SCHEDULE OF FAIR VALUE VALUATION ASSUMPTIONS
| | |
September 30, 2025 | |
| Risk free interest rate | |
| 3.63%-3.68% | |
| Expected term (years) | |
| 1.11 - 3.36 | |
| Expected volatility | |
| 71% - 95% | |
| Expected dividends | |
| 0.00% | |
|
SCHEDULE
OF FAIR VALUE VALUATION ASSUMPTIONS
| | |
February 8, 2024 | |
| Risk free interest rate | |
| 4.20 - 4.28 | % |
| Expected term (years) | |
| 2.75 - 2.76 | |
| Expected volatility | |
| 102 | % |
| Expected dividends | |
| 0.00 | % |
| | |
February 8, 2024 | |
| Risk free interest rate | |
| 4.12 | % |
| Expected term (years) | |
| 5.00 | |
| Expected volatility | |
| 101 | % |
| Expected dividends | |
| 0.00 | % |
| | |
December 31, | |
| | |
2024 | | |
2023 | |
| Risk free interest rate | |
| 4.12% - 4.34 | % | |
| 4.04 | % |
| Expected term (years) | |
| 1.86 - 4.11 | | |
| 2.86 | |
| Expected volatility | |
| 97% - 110 | % | |
| 87.00 | % |
| Expected dividends | |
| 0.00 | % | |
| 0.00 | % |
|
| SCHEDULE OF FAIR VALUE MEASURED ON RECURRING BASIS |
SCHEDULE
OF FAIR VALUE MEASURED ON RECURRING BASIS
The
following table sets forth a summary of the changes in the fair value of Level 3 liabilities that are measured at fair value on a recurring
basis during the three months ended September 30, 2025 and three months ended September 30, 2024:
| | |
2025 | | |
2024 | |
| | |
For the Three Months Ended September 30, | |
| | |
2025 | | |
2024 | |
| Balance, July 1, | |
$ | 2,580,379 | | |
$ | 4,491,969 | |
| Issuance of warrants | |
| | | |
| | |
| Exercise of warrants | |
| | | |
| | |
| Change in fair value of warrant liability | |
| (612,064 | ) | |
| (1,036,464 | ) |
| Balance, September 30, | |
$ | 1,968,315 | | |
$ | 3,455,505 | |
The
following table sets forth a summary of the changes in the fair value of Level 3 liabilities that are measured at fair value on a recurring
basis during the nine months ended September 30, 2025 and nine months ended September 30, 2024:
| | |
2025 | | |
2024 | |
| | |
For the Nine Months ended September 30, | |
| | |
2025 | | |
2024 | |
| Balance, January 1, | |
$ | 2,520,851 | | |
$ | 2,618,039 | |
| Change in fair value of warrant liability | |
| (552,536 | ) | |
| 837,466 | |
| Balance, September 30, | |
$ | 1,968,315 | | |
$ | 3,455,505 | |
|
The
following table sets forth a summary of the changes in the fair value of Level 3 liabilities that are measured at fair value on a recurring
basis during the years ended December 31, 2024 and 2023:
SCHEDULE
OF FAIR VALUE MEASURED ON RECURRING BASIS
| Balance, January 1, 2023 | |
$ | 5,541,733 | |
| Change in fair value of derivative liability | |
| (3,997,780 | ) |
| Balance, January 1, 2024 | |
| 1,543,953 | |
| Issuance of warrants | |
| 2,189,420 | |
| Exercise of warrants | |
| (1,115,334 | ) |
| Change in fair value of warrant liability | |
| (97,188 | ) |
| Balance, December 31, 2024 | |
$ | 2,520,851 | |
|
| SCHEDULE OF FAIR VALUE RECURRING BASIS |
Assets
and liabilities measured at fair value on a recurring basis are as follows:
SCHEDULE
OF ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON A RECURRING BASIS
| | |
Fair value measurements at reporting date using: | |
| | |
Quoted prices in active markets for identical liabilities (Level 1) | | |
Significant other observable inputs (Level 2) | | |
Significant unobservable inputs (Level 3) | | |
Total Fair Value | |
| Assets: | |
| | | |
| | | |
| | | |
| | |
| Marketable securities as of September 30, 2025 | |
$ | 3,887,383 | | |
$ | - | | |
$ | - | | |
$ | 3,887,383 | |
| Marketable securities as of December 31, 2024 | |
$ | 10,184,701 | | |
$ | - | | |
$ | - | | |
$ | 10,184,701 | |
| | |
| | | |
| | | |
| | | |
| | |
| Liabilities: | |
| | | |
| | | |
| | | |
| | |
| Warrant liabilities as of September 30, 2025 | |
$ | - | | |
$ | - | | |
$ | 1,968,315 | | |
$ | 1,968,315 | |
| Warrant liabilities as of December 31, 2024 | |
$ | - | | |
$ | - | | |
$ | 2,520,851 | | |
$ | 2,520,851 | |
|
SCHEDULE
OF FAIR VALUE RECURRING BASIS
| | |
Fair value measurements at reporting date using: | |
| | |
Quoted prices in active markets for identical liabilities (Level 1) | | |
Significant other observable inputs (Level 2) | | |
Significant unobservable inputs (Level 3) | | |
Total Fair Value | |
| Assets: | |
| | | |
| | | |
| | | |
| | |
| Marketable securities as of December 31, 2024 | |
$ | 10,184,701 | | |
$ | - | | |
$ | - | | |
$ | 10,184,701 | |
| Marketable securities as of December 31, 2023 | |
$ | 10,181,618 | | |
$ | - | | |
$ | - | | |
$ | 10,181,618 | |
| | |
| | | |
| | | |
| | | |
| | |
| Liabilities: | |
| | | |
| | | |
| | | |
| | |
| Warrant liabilities as of December 31, 2024 | |
$ | - | | |
$ | - | | |
$ | 2,520,851 | | |
$ | 2,520,851 | |
| Warrant liabilities as of December 31, 2023 | |
$ | - | | |
$ | - | | |
$ | 1,543,953 | | |
$ | 1,543,953 | |
|