v3.26.1
Fair Value of Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Summary of Valuation of Financial Instruments at Fair Value on a Nonrecurring Basis

The following schedule summarizes the valuation of financial instruments at fair value on a nonrecurring basis in the balances sheet as of December 31, 2025 and December 31, 2024:

 

 

 

December 31, 2025

 

 

December 31, 2024

 

 

 

Carrying
Value

 

 

Estimated
Fair Value

 

 

Carrying
Value

 

 

Estimated
Fair Value

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Notes payable, related parties, net of debt discounts

 

$

-

 

 

$

-

 

 

$

2,195,500

 

 

$

2,469,531

 

Convertible notes payable, related parties, net of discounts

 

 

1,341,420

 

 

 

1,341,420

 

 

 

-

 

 

 

-

 

Notes payable

 

 

150,000

 

 

 

150,000

 

 

 

375,780

 

 

 

237,841

 

Total liabilities

 

$

1,491,420

 

 

$

1,491,420

 

 

$

2,571,280

 

 

$

2,707,372