v3.26.1
Warrants
12 Months Ended
Dec. 31, 2025
Warrants [Abstract]  
WARRANTS

Note 9 WARRANTS

 

Outstanding Warrants

 

As of December 31, 2025, the following warrants were outstanding:

 

Description  Shares   Exercise Price   Classification
Representative Warrants   168,750    5.00   Equity
Representative Warrants   202,500    4.00   Equity
Advisory Warrants   745,663    1.78   Equity
Total   1,116,913         

 

Reclassification from Liabilities to Equity

 

During the year ended December 31, 2025, the Company reclassified warrants previously classified as liabilities to stockholders’ equity. Prior to the reclassification, the warrants were measured at fair value at each reporting date in accordance with ASC 815-40, with changes in fair value recognized within “Change in fair value of warrant liabilities” in the consolidated statement of operations. The reclassification occurred on August 5, 2025, as a result of official issuance. On the date of reclassification, the warrants had a fair value of $161,554, which was reclassified from warrant liabilities to additional paid-in capital.

 

Fair Value Changes Prior to Reclassification

 

For the year ended December 31, 2025, the Company recognized a loss of $22,377 related to the change in fair value of warrant liabilities (from January 1, 2025, through the reclassification date). This amount is included within “Change in fair value of warrant liabilities” in the consolidated statement of operations.