v3.26.1
DERIVATIVE LIABILITY
12 Months Ended
Dec. 31, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
DERIVATIVE LIABILITY

NOTE 8 – DERIVATIVE LIABILITY

 

During the year ended December 31, 2025 and 2024, we had the following activity in our derivative liability account:

 

   Total 
Derivative liability at December 31, 2023  $5,732 
Change in fair value   (4,974)
Derivative liability at December 31, 2024   758 
Change in fair value   (758)
Derivative liability at December 31, 2025  $- 

 

We use the binomial option pricing model to estimate fair value for those instruments, at inception, at warrant exercise, and at each reporting date. During the years ended December 31, 2025 and 2024, the assumptions used in our binomial option pricing model were in the following range:

 

   Year Ended December 31, 2025   Year Ended December 31, 2024 
Risk free interest rate   3.59% – 3.74%   4.16% - 4.25%
Expected life in years   0.00 - 0.50    0.58 - 1.50 
Expected volatility   14% - 102%   122% - 142%