v3.26.1
FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
SCHEDULE OF FAIR VALUE ASSETS AND LIABILITIES MEASURED ON RECURRING BASIS

The following table presents the fair value hierarchy of the Company’s financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2026:

 

   Level 1   Level 2   Level 3   Total 
Prime institutional money market fund  $450,115   $-   $-   $450,115 
U.S. Treasury Notes – under 90 days   1,992,740    -    -    1,992,740 
U.S. Treasury Notes – over 90 days   2,966,360    -    -    2,966,360 
Derivative liabilities   -         -    (25,000)   (25,000)
Total  $5,409,215   $-   $(25,000)  $5,384,215 
SCHEDULE OF CHANGE IN FAIR VALUE DERIVATIVE LIABILITY

The following table sets forth a summary of the change in the fair value of the derivative liability, which is considered a Level 3 investment, that is measured at fair value on a recurring basis:

 

Balance on December 31, 2025  $19,000 
Change in fair value of derivative liability   6,000 
Balance on March 31, 2026  $25,000 
SCHEDULE OF MONTE CARLO SIMULATION MODEL INPUTS AND VALUATION TECHNIQUES

 

   March 31,   December 31, 
   2026   2025 
Volatility   115.0%   130.0%
Time to maturity   0.85    1.18 
Discounted market interest   9.91%   7.5%
Dividend rate   7.0%   7.0%
Penalty dividend rate   15.0%   15.0%
Probability of default   9.0%   9.0%