| Schedule of Assumptions were used by Management to determine the Fair Value of the Derivative Liabilities |
The
following assumptions were used by management to determine the fair value of the derivative liabilities as of March 31, 2026 and December
31, 2025:
Schedule of Assumptions were used by Management to determine the Fair Value of the Derivative Liabilities
| |
|
March
31, 2026 |
|
|
December
31, 2025 |
|
| |
|
|
|
|
|
|
| Expected
stock price volatility |
|
|
74.51%
- 154.37 |
% |
|
|
45.32%
- 242.68 |
% |
| Risk-free
annual interest rate |
|
|
3.51%
- 3.92 |
% |
|
|
3.47%
- 4.41 |
% |
| Expected
life (years) |
|
|
0.03
– 3.15 |
|
|
|
0.03
– 3.15 |
|
| Exercise
price |
|
|
$
0.22 - $0.29 |
|
|
|
$
0.10 - $0.23 |
|
|
| Schedule of Derivative Liabilities and Changes in Fair Value of Derivative Liabilities |
A
reconciliation of the beginning and ending balance of derivative liabilities and change in fair value of the derivative liabilities is
as follows for the three months ended March 31, 2026 and year ended December 31, 2025:
Schedule of Derivative Liabilities and Changes in Fair Value of Derivative Liabilities
| | |
March 31, 2026 | | |
December 31, 2025 | |
| Balance as of beginning of period | |
$ | 8,893,600 | | |
$ | 9,007,907 | |
| Change in fair value | |
| 390,405 | | |
| (8,934,632 | ) |
| Loss from extinguished liability | |
| - | | |
| 7,711,508 | |
| Modification of warrants | |
| 217,255 | | |
| - | |
| Initial recognition of new preferred share conversion feature | |
| 910,517 | | |
| - | |
| Initial recognition of new warrants | |
| 1,103,118 | | |
| 1,108,817 | |
| | |
| | | |
| | |
| Balance as of end of the period | |
| 11,514,895 | | |
| 8,893,600 | |
| Less: Derivative liabilities, short term | |
| - | | |
| - | |
| Derivative liabilities, long term | |
$ | 11,514,895 | | |
$ | 8,893,600 | |
|