v3.26.1
FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
SCHEDULE OF FINANCIAL INSTRUMENTS MEASURED AT FAIR VALUE

The following table summarizes our financial instruments measured at fair value at March 31, 2026 and December 31, 2025:

 

                 
   Fair Value Measurements at March 31, 2026 
   Total   Level 1   Level 2   Level 3 
Liabilities:                
Derivative liabilities  $983,952   $-   $983,952   $- 
Convertible notes at fair value  $2,143,461   $-   $-   $2,143,461 

 

                 
   Fair Value Measurements at December 31, 2025 
   Total   Level 1   Level 2   Level 3 
Liabilities:                
Derivative liabilities  $960,382   $-   $960,382   $- 
Convertible notes at fair value  $2,046,469   $-   $-   $2,046,469 
SCHEDULE OF ASSUMPTIONS AND THE SIGNIFICANT TERMS

The following table summarizes assumptions and the significant terms of the convertible notes for which the entire hybrid instrument is recorded at fair value at March 31, 2026 and December 31, 2025:

 

                      

Conversion Price - Lower of Fixed

Price or Percentage of VWAP for

Look-back Period

Debenture  

Face

Amount

  

Interest

Rate

   

Default

Interest

Rate

 

Discount

Rate

   

Anti-Dilution

Adjusted

Price

 

% of stock price for

look-back period

  

Look-back

Period

March 31, 2026   $663,529   8%-10%   19%-24%   N/A     $ 0.00005-$0.00007   50%-60%  3 to 25 Days
December 31, 2025   $663,529   8%-10%   19%-24%   N/A     $ 0.00005-$0.00007   50%-60%  3 to 25 Days
SCHEDULE OF CHANGES IN FAIR VALUE MEASUREMENTS USING SIGNIFICANT UNOBSERVABLE INPUTS

 

Description 

March 31,

2026

  

December 31,

2025

 
Beginning balance  $2,046,469   $2,041,464 
Loss from change in fair value (1)   96,992    5,005 
Ending balance  $2,143,461   $2,046,469 

 

(1) The losses related to the valuation of the convertible notes are included in “Change in fair value of convertible notes and derivatives” in the accompanying unaudited condensed consolidated statements of operations.