v3.26.1
FAIR VALUE MEASUREMENT (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
SCHEDULE OF ROLL FORWARD FOR CONVERTIBLE NOTE

The following is a roll forward of balances for the 2023 Convertible Note for the year ended December 31, 2024:

 

   Level 3 
Issuance consideration  $7,675,000 
Allocation of consideration to warrants   (1,214,594)
Conversions to Ordinary shares at fair value   (755,470)
Conversions to Preferred shares at fair value   (5,117,098)
Changes in fair value   (345,396)
Fair value at December 31, 2023  $242,442 
Changes in fair value   (22,602)
Cancellation of convertible note   (219,840)
Fair value at December 31, 2024  $- 
SCHEDULE OF FAIR VALUE ON VALUATION TECHNIQUE

The convertible note fair value was measured using a binomial lattice model utilizing observable inputs (e.g. the Company’s stock price) and unobservable inputs (e.g. the expected volatility and instrument specific borrowing rate) that cause the valuation measurements to be classified as Level 3. The following assumptions were within the model:

 

Risk-free interest rate  3.84%-4.38%
Remaining contractual term (years)  5-4.5 
Expected volatility  65%-63%
Annual dividend yield   0.00%
Fair value of common stock (per share)   $85-$8.5 
Borrowing rate   14.5%
SCHEDULE OF DERIVATIVE LIABILITY

The following table presents the rollforward of the Level 3 derivative liability for the year ended December 31, 2025:

 

SCHEDULE OF DERIVATIVE LIABILITY

   Level 3 
Fair value at inception – November 20, 2025  $918,069 
Change in fair value   (512,138)
Fair value at December 31, 2025  $405,931 
FRGT [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
SCHEDULE OF BINOMIAL LATTICE MODEL AT THE TWO MEASUREMENTS

The following significant assumptions were used in the binomial lattice model at the two measurement dates:

 

SCHEDULE OF BINOMIAL LATTICE MODEL AT THE TWO MEASUREMENTS

   November 20, 2025   December 31, 2025 
Stock price (split-adjusted / actual post-split)  $4.25   $1.68 
Fixed conversion price (RS-adjusted)  $4.50   $4.50 
Floor conversion price (RS-adjusted)  $0.70   $0.70 
Market price discount   95%   95%
Conversion premium   120%   120%
Expected volatility   120%   120%
Risk-free interest rate   4.50%   4.50%
Expected term (years)   2    1.89 
Expected dividend yield   0%   0%
Binomial lattice steps   500    500 
JAK Solar Loans [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Schedule of lattice model as of the acquisition

The following significant assumptions were used in the lattice model as of the acquisition date, December 31, 2025:

 

Schedule of lattice model as of the acquisition

      
FRGT stock price (closing price, December 31, 2025)  $1.68 
Stated value per Series C Preferred Share  $1.00 
Fixed price / Initial conversion price  $2.0160 
Floor price for conversion  $0.3360 
Expected volatility (1-year / 2-year / 3-year)   148.9% / 127.3% / 135.9%
Risk-free interest rate (1-year / 2-year / 3-year)   3.42% / 3.41% / 3.49%
Expected term (primary)   2 years 
Expected dividend yield   0%
Average VWAP discount   6.03%
Discount for Lack of Marketability (DLOM)   30.83%
Fair value per Series C Preferred Share  $1.0413 
Number of Series C Preferred Shares issued   5,500,000 
Total fair value of Series C Preferred Shares  $5,727,021 
Black Scholes Option [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
SCHEDULE OF BLACK-SCHOLES OPTION-PRICING MODEL.

Stock price on November 19, 2025 (pre 1-to-5 reverse split effective December 15, 2025)  $0.90 
Exercise price  $0.01 
Implied annual volatility of FRGT ordinary shares   147%
Risk free interest rate of return   4.25%
Time to maturity   3 Years 
Conversion ratio   1-to-1 
Dividend yield   0.0%