v3.26.1
WARRANT LIABILITIES (Tables)
 12 Months Ended
Dec. 31, 2025
Warrant Liabilities  
SCHEDULE OF FAIR VALUE WARRANT

The estimated fair value of the warrants was calculated using the Black Scholes model with the assumptions set out below, weighted for management’s estimate of the probability of a Next Round Funding being completed and discounted back to the valuation date using estimated venture capital rates of return.

 

 

   December 31, 
Input  2025   2024 
Expected term  5 years   5 years 
Principal   5,000,000    5,000,000 
Exercise price   4,000,000    4,000,000 
Volatility   70.9%   74.50%
Dividend yield   0%   0%
Risk free rate of return   3.60%   4.3%
Estimated probability of occurrence of a Next Round Funding   0%   2%
Estimated venture capital rates of return   77.2%   30%