v3.26.1
RELATED PARTY BALANCES AND TRANSACTIONS (Tables)
3 Months Ended
Mar. 31, 2026
Related Party Transactions [Abstract]  
SCHEDULE OF CONVERTIBLE PROMISSORY NOTE RECEIVABLE ASSETS MEASURED AT FAIR VALUE ON A RECURRING BASIS

Convertible promissory note receivable - related party measured at fair value on a recurring basis are summarized below and disclosed on the consolidated balance sheets as of March 31, 2026 and December 31, 2025:

 

   Level 1   Level 2   Level 3   Fair Value 
   Fair Value Measurement Using   Amount at 
   Level 1   Level 2   Level 3   Fair Value 
March 31, 2026                    
Assets                    
Convertible loans receivable – VEII  $-   $522,874   $-   $522,874 
                     
Total convertible promissory note receivable - related party at Fair Value  $-   $522,874   $-   $522,874 

 

   Level 1   Level 2   Level 3   Fair Value 
   Fair Value Measurement Using   Amount at 
   Level 1   Level 2   Level 3   Fair Value 
December 31, 2025                    
Assets                    
Convertible loans receivable – VEII  $-   $489,418   $-   $489,418 
                     
Total convertible promissory note receivable - related party at Fair Value  $-   $489,418   $-   $489,418 
SCHEDULE OF FAIR VALUE OF CONVERTIBLE LOANS USING BINOMIAL TREE MODEL

The Company has elected to recognize the convertible loan at fair value and therefore there was no further evaluation of embedded features for bifurcation. The Company engaged third party valuation firm to perform the valuation of convertible loans. The fair value of the convertible loans is calculated using the binomial tree model based on probability of remaining as straight debt using discounted cash flow with the following assumptions:

 

CN#   1    2    3 
Valuation date   March 31, 2026    March 31, 2026    March 31, 2026 
Risk-free interest rate   3.813%   3.675%   3.695%
Expected life   2.90   year     0.71 year     1.29 year  
Discount rate   8.00%   8.00%   8.00%
Expected volatility   241.272%   241.272%   241.272%
Expected dividend yield   0%   0%   0%
                
Fair value  $19,699   $402,826   $100,349 

 

CN#   1    2    3 
Valuation date   December 31, 2025    December 31, 2025    December 31, 2025 
Risk-free interest rate   3.598%   3.608%   3.472%
Expected life   0.12 year     0.95 year     1.54 year  
Discount rate   8.00%   8.00%   8.00%
Expected volatility   245.887%   245.887%   245.887%
Expected dividend yield   0%   0%   0%
                
Fair value  $10,860   $377,925   $100,633 
SCHEDULE OF CONVERTIBLE NOTES RECEIVABLE

Changes in the observable input values would likely cause material changes in the fair value of the Company’s Level 2 financial instruments. A significant increase (decrease) in this likelihood would result in a higher (lower) fair value measurement.

 

   December 31,
2025
   Additions   Unrealized
Gain
   March 31, 2026 
Convertible notes receivable, related party  $489,418   $-   $33,456   $522,874 
Total  $489,418   $-   $33,456   $522,874 

 

   December 31,
2024
   Additions   Unrealized
Loss
   March 31, 2025 
Convertible notes receivable, related party  $569,630   $-   $(51,548)  $518,082 
Total  $569,630   $-   $(51,548)  $518,082