v3.26.1
Fair Value Measurements (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Measurements  
Schedule of Fair Value Information on Recurring Basis
March 31, 2026  Fair Value   (Level 1)   (Level 2)   (Level 3) 
Liabilities:                
Quantum Convertible Note, related party  $346,943   $   $     —   $346,943 
Common stock issuance obligation  $12,798   $12,798   $   $ 

 

December 31, 2025  Fair Value   (Level 1)   (Level 2)   (Level 3) 
Liabilities:                
Quantum Convertible Note, related party  $351,307   $   $   $351,307 
Common stock issuance obligation  $18,941   $18,941   $   $ 
May 2025 Convertible Note  $361,821   $   $   $361,821 
Schedule of Changes in the Fair Value of Financial Liabilities

The change in the fair value of the Level 3 financial liabilities for the period from December 31, 2025, through March 31, 2026, is summarized as follows:

 

   Quantum
Convertible
Note
   May 2025
Convertible
Note
   Total 
Fair value as of December 31, 2025  $351,307   $361,821   $713,128 
Conversion   -    (299,348)   (299,348)
Interest accrued   11,244    -    11,244 
Change in fair value   (15,608)   (62,473)   (78,081)
Fair value as of March 31, 2026  $346,943   $-   $346,943 
   Exchange
Note
   Equity
Line of
Credit
   Quantum
Convertible
Note,
related
party
   September
2024
Convertible
Note
   March
2025
Convertible
Note
   Total 
Fair value as of December 31, 2024  $1,499,000   $80,000   $3,248,000   $2,094,000   $-   $6,921,000 
Initial fair value at issuance   -    -    -    -    238,020    238,020 
Change in fair value   963,897    (35,047)   443,806    478,734    -    1,851,390 
Fair value as of March 31, 2025  $2,462,897   $44,953   $3,691,806   $2,572,734   $238,020   $9,010,410 
Quantum Convertible Note [Member]  
Fair Value Measurements  
Schedule of Key Inputs
   March 31,
2026
   December 31,
2025
 
Risk-free interest rate   3.63%   3.53%
Expected term (years)   0.25    0.50 
Volatility   68.42%   95.22%
Stock price  $0.25   $0.37 
May 2025 Convertible Note [Member]  
Fair Value Measurements  
Schedule of Key Inputs
   March 31,
2026*
   December 31,
2025
 
Risk-free interest rate   -%   3.67%
Expected term (years)   -    0.08 
Volatility   -%   46.18%
Stock price  $    -   $0.38 

 

*The May 2025 Convertible Note was fully settled during the three months ended March 31, 2026