v3.26.1
Convertible Debt and Derivative Liability (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Key Assumptions in Valuation Measurement

The following key assumptions were used in the valuation at each measurement date:

Assumption  Issuance (Oct 24, 2025)  December 24, 2025  December 31, 2025
Stock Price (VWAP)  $1.50  $1.09  $0.99
Volatility  ~65%  ~65%  ~65%
Risk-Free Rates  3.4% – 4.5%  3.5% – 4.6%  3.4% – 4.7%
Valuation Technique  Monte Carlo Simulation  Monte Carlo Simulation  Monte Carlo Simulation
Schedule of Fair Value Derivative Liability

The fair value of the derivative liability of Notes I, Note II and Note III was estimated using the Monte Carlo Valuation model at issuance and each reporting period with the following assumptions:

Schedule of Fair Value Derivative Liability 

   

December 31,

2024

 
Dividend Rate    - 
Term    0.13 
Volatility    90%
Risk-free rate    5.00%
Schedule of Derivative Liability

A summary of activity of the derivative liabilities and the 2025 Notes, which represent the Level III fair value measurements, is presented below:

 

   Derivative Liability    2025 Notes  
Balance at December 31, 2023  $1,505,398    $

-

  
Fair value change   53,257     

-

  
Extinguishment of derivative liability - Note II   (1,359,362)    

-

  
Fair value at issuance on April 29, 2024 - Senior Secured Note   407,494     

-

  
Repayment of derivative liability   (606,787)    

-

  
Balance at December 31, 2024  $-    $

-

  
Issuance of the 2025 Notes   -    5,580,000 
Fair value change   -    (281,932)
Balance at December 31, 2025  $-   $5,298,068