| Schedule of warrant liability |
| | | | | | | | | | | | | | Units after | | Units after | | | | | | Units - | | 25:1 | | further 35:1 | | | | | | Original | | Split | | Split | | FMV | Initial measurement-when issuing | | 2,722,224 | | 108,889 | | 3,112 | | $ | 1,064,287 | Subsequent share price change | | 14,291,677 | | 571,668 | | 16,334 | | | 399,759 | Exercise of September 2024 Series A Warrants - 2024 | | (1,038,889) | | (41,556) | | (1,188) | | | (89,396) | Loss on September 2024 Series A Warrant remeasurement at December 31, 2024 | | — | | — | | — | | | 50,282 | Balance at December 31, 2024 | | 15,975,012 | | 639,001 | | 18,258 | | $ | 1,424,932 | Exercise of September 2024 Series A Warrants - 2025 | | (1,500,000) | | (60,000) | | (1,715) | | | (126,180) | Re-measurement adjustment | | — | | — | | — | | | (965,095) | FMV of September 2024 Series A Warrants at December 31, 2025 | | 14,475,012 | | 579,001 | | 16,543 | | $ | 333,657 |
The remeasurement of the September 2024 Series A Warrants resulted in a gain of $965,095 for the year ended December 31, 2025, and a loss of $50,282 for the year ended December 31, 2024. Such gain or loss was recognized in the consolidated statements of operations and comprehensive income (loss). Summary of September 2024 Series B Warrants The September 2024 Series B Warrants were exercised in full in 2024. | | | | | | | | | | | | | | Units after | | Units after | | | | | | Units - | | 25:1 | | further 35:1 | | | | Assessments | | Original | | Split | | Split | | FMV | Initial - when issuing | | 2,722,224 | | 108,889 | | 3,112 | | $ | 722,539 | Subsequent share price change | | 5,835,330 | | 233,413 | | 6,669 | | $ | 43,232 | Exercise of September 2024 Series B Warrants in full - 2024 | | (8,557,554) | | (342,302) | | (9,781) | | $ | (765,771) | Balance at December 31, 2024 | | — | | — | | — | | $ | — |
|