DERIVATIVE INSTRUMENTS |
3 Months Ended | |||||||||||||||||||||
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Mar. 31, 2026 | ||||||||||||||||||||||
| Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||||||||||||||||||||||
| DERIVATIVE INSTRUMENTS | NOTE 8. DERIVATIVE INSTRUMENTS
The Company records a derivative liability related to the derivatives embedded within the Series I Preferred Stock, primarily related to make-whole and penalty dividend features (see Note 7. Stockholders’ Equity). Changes in fair value are recognized in earnings in change in fair value – derivative liability in the unaudited condensed consolidated statements of operations.
The following table presents the fair value of the Company’s embedded derivatives as of March 31, 2026: SCHEDULE OF FAIR VALUE OF COMPANY’S EMBEDDED DERIVATIVES
For the three months ended March 31, 2026, the Company recognized a loss of $6,000 related to embedded derivatives.
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- References No definition available.
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- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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