v3.26.1
CONVERTIBLE NOTES PAYABLE (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of convertible notes payable
                            
   Conversion
price per
share		   Interest
rate		   Effective
rate(1)		   Due
date		  March  
31, 2026		   December
31, 2025		 
SJC convertible promissory note   Greater of '80% of 10-day VWAP or $0.035    12%   21%  October 29,2026  $440,000   $440,000 
SJC convertible promissory notes  $0.035    12%   21%  January 9, 2027, through March 27, 2027   880,000    - 
Fair value of embedded conversion options                     82,000    150,000 
Less: unamortized debt discounts                     (95,000)   (33,333)
Total convertible notes payable, net of financing cost, long-term                    $1,307,000   $556,667 
Less: current portion                     1,307,000    556,667 
Convertible notes payable, net of financing cost – long-term portion                    $-   $- 

(1)Includes OID costs that are amortized to interest expense over the life of the notes.
Schedule of summary of valuation allowance
     
Assumption  March 31, 2026 
Valuation technique  Binomial
(lattice model)		 
Risk-free interest rate (cont. comp.)   3.597%
Expected volatility   95%
Default intensity   71.40%
Stock price at valuation date  $0.03 
Dividend yield   0.00%

 

 

Assumption  December 31, 2025 
Valuation technique  Monte Carlo Simulation 
Risk-free interest rate (cont. comp.)   3%
Expected volatility   105%
Credit-risk adjusted rate   26%
Time to maturity (years)   0.83 
Stock price at valuation date  $0.07 
Dividend yield   0.00%