v3.26.1
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value Measurements  
Schedule of Fair Value Information on Recurring Basis
December 31, 2025  Fair Value   (Level 1)   (Level 2)   (Level 3) 
Liabilities:                
Quantum Convertible Note, related party  $351,307   $   $   $351,307 
Common stock issuance obligation  $18,941   $18,941   $   $ 
May 2025 Convertible Note  $361,821   $   $   $361,821 

 

December 31, 2024  Fair Value   (Level 1)   (Level 2)   (Level 3) 
Liabilities:                
Exchange Note  $1,499,000   $   $   $1,499,000 
Equity line of credit  $80,000   $   $   $80,000 
Quantum Convertible Note, related party  $3,248,000   $   $   $3,248,000 
September 2024 Convertible Note  $2,094,000   $   $   $2,094,000 
Common stock issuance obligation  $69,621   $69,621   $   $ 
Schedule of Changes in the Fair Value of Financial Liabilities
   Extension
Note
Bifurcated
Derivative
   Exchange
Note
   Quantum
Convertible
Note
   Additional
Bridge
Notes
   ELOC   ELOC
Commitment
Fee Note
   September
2024
Convertible
Note
   Total 
Fair value as of December 31, 2023  $   $   $   $   $   $   $   $ 
Fair value as of June 24, 2024   33,000    6,155,925        466,646    694,512            7,350,083 
Initial fair value at issuance           4,618,234            595,000    2,000,000    7,213,234 
Settlement of Extension Note   (33,000)                           (33,000)
Repayment on Notes       (61,429)       (52,680)           (38,889)   (152,998)
(Gain) Loss due to extinguishment of debt                       (5,000)       (5,000)
Shares issued upon conversions of portion of notes       (1,067,740)       (140,417)       (79,500)       (1,287,657)
(Gain) Loss on change in fair value       (3,527,756)   (1,370,234)   (273,549)   (614,512)   (510,500)   132,889    (6,163,662)
Fair value as of December 31, 2024  $   $1,499,000   $3,248,000   $   $80,000   $   $2,094,000   $6,921,000 
   Quantum           September
2024
   March
2025
   May
2025
     
   Convertible
Note
   Exchange
Note
   ELOC   Convertible
Note
   Convertible
Note
   Convertible
Note
   Total 
Fair value as of December 31, 2024  $3,248,000   $1,499,000   $80,000   $2,094,000   $   $   $6,921,000 
Initial fair value at issuance                   108,696    216,871    325,567 
Conversion   (4,936,550)   (1,739,840)       (3,732,827)   (303,053)       (10,712,270)
Additions to principal   380,000                    62,500    442,500 
Interest accrued   1,197,203    222,189        629,592    23,350    17,341    2,089,675 
Issuance discount                   (8,696)       (8,696)
Repayment on notes               (77,778)           (77,778)
Write-off           (80,000)               (80,000)
Gain on change in fair value / extinguishment of debt   462,654    18,651        1,087,013    179,703    65,109    1,813,130 
Fair value as of December 31, 2025  $351,307   $   $   $   $   $361,821   $713,128 
Quantum Convertible Note [Member]  
Fair Value Measurements  
Schedule of Key Inputs
   December 31,
2025
   December 31,
2024
 
Risk-free interest rate   3.53%   4.20%
Expected term (years)   0.50    1.50 
Volatility   95.22%   138.00%
Stock price  $0.37   $1.36 
Debt discount rate*   %   9.30%

 

*These assumptions are not used for valuation of Quantum Convertible Note as of December 31, 2025.
Extension Note Bifurcated Derivative [Member]  
Fair Value Measurements  
Schedule of Key Inputs
   June 24,
2024
 
CCC bond rates   14.36%
Expected term (years)   <0.1 
Additional Bridge Notes [Member]  
Fair Value Measurements  
Schedule of Key Inputs
   November 26,
2024
   August 2,
2024
   June 24,
2024
 
Risk-free interest rate   4.33%   4.35%   5.42%
Expected term (years)   0.66    0.98    0.91 
Volatility   173.00%   103.00%   110.00%
Stock price  $2.03   $4.25   $12.11 
Debt discount rate   36.40%   40.60%   41.12%
Exchange Note [Member]  
Fair Value Measurements  
Schedule of Key Inputs
   December 31,
2025
   December 31,
2024
 
Risk-free interest rate        —%   4.08%
Expected term (years)       0.98 
Volatility   %   156.00%
Stock price  $   $1.36 
Debt discount rate   %   42.50%
ELOC Purchase Agreement [Member]  
Fair Value Measurements  
Schedule of Key Inputs
   December 31,
2025
   December 31,
2024
 
Risk-free interest rate        —%   4.26%
Expected term (years)       2.51 
Volatility   %   124.00%
Stock price  $   $1.36 
September 2024 Convertible Note [Member]  
Fair Value Measurements  
Schedule of Key Inputs
   December 31,
2025
   December 31,
2024
 
Risk-free interest rate        —%   4.27%
Expected term (years)       4.75 
Volatility   %   113.00%
Stock price  $   $1.36 
Market discount rate   %   8.22%
March 2025 Convertible Note [Member]  
Fair Value Measurements  
Schedule of Key Inputs
   December 31,
2025
   March 20,
2025
 
Risk-free interest rate         —%   4.06%
Expected term (years)       0.72 
Volatility   %   115.61%
Stock price  $   $1.20 
May 2025 Convertible Note [Member]  
Fair Value Measurements  
Schedule of Key Inputs
   December 31,
2025
   May 30,
2025
 
Risk-free interest rate   3.67%   4.27%
Expected term (years)   0.08    0.34 
Volatility   46.18%   102.79%
Stock price  $0.38   $1.24