| Schedule of Derivative Financial Liabilities Changes in Fair Value |
Accordingly, these warrants have been recognized as derivative financial liabilities, with changes in fair value recognized
in the consolidated statement of comprehensive income at each reporting date.
| Type of Warrants | |
Issued | | |
Exercise | | |
Written off | | |
Remaining | |
| December 31, 2025 | |
Units | | |
Units | | |
Units | | |
Units | |
| Series A | |
| 2,200,000 | | |
| 1,246,992 | | |
| (953,008 | ) | |
| - | |
| Series B | |
| 2,200,000 | | |
| 1,271,992 | | |
| (928,008 | ) | |
| - | |
| Exchange Listing | |
| 250,000 | | |
| 229,453 | | |
| (20,547 | ) | |
| - | |
| Type of Warrants | |
Issued | | |
Exercise | | |
Written off | | |
Remaining | |
| December 31, 2025 | |
US$ | | |
US$ | | |
US$ | | |
US$ | |
| Alumni Capital – Convertible notes detachable warrant | |
| 2,100,000 | | |
| - | | |
| - | | |
| 2,100,000 | |
| Alumni Capital – ELOC detachable warrant | |
| 20,250,000 | | |
| 18,569,495 | | |
| - | | |
| 1,680,505 | |
| Type of Warrant | | Issued | | | Exercise | | | Remaining | | | December 31, 2024 | | | | | | | | | | | Series A | | | 2,200,000 | | | | 1,246,992 | | | | 953,008 | | | Series B | | | 2,200,000 | | | | 1,271,992 | | | | 928,008 | | | Exchange Listing | | | 250,000 | | | | 229,453 | | | | 20,547 | |
|
| Schedule of Fair Value of the Warrant Liabilities |
The significant inputs into the model are shown below. | | | December 31,
2024 | | | December 31,
2025 | | | Exchange Listing | | | | | | | | | | | | | | | | Share price | | US$ | 2.26 | | | US$ | 2.26 | | | Exercise price / warrant | | US$ | 4.00 | | | US$ | 4.00 | | | Expected volatility | | | 130.14 | % | | | 130.14 | % | | Dividend yield | | | Nil | | | | Nil | | | Expected term (years) | | | 4.24 years | | | | 4.24 years | | | Annual risk-free interest rate | | | 3.918 | % | | | 3.918 | % | Series A | | | December 31,
2024 | | | December 31,
2025 | | | Series A | | | | | | | | | | | | | | | | Share price | | US$ | 1.08 | | | US$ | 1.08 | | | Exercise price / warrant | | US$ | 1.25 | | | US$ | 1.25 | | | Expected volatility | | | 236.94 | % | | | 236.94 | % | | Dividend yield | | | Nil | | | | Nil | | | Expected term (years) | | | 4.00 years | | | | 4.00 years | | | Annual risk-free interest rate | | | 3.918 | % | | | 3.918 | % | Series B | | | December 31,
2024 | | | December 31,
2025 | | | Series B | | | | | | | | | | | | | | | | Share price | | US$ | 1.08 | | | US$ | 1.08 | | | Exercise price / warrant | | US$ | 1.25 | | | US$ | 1.25 | | | Expected volatility | | | 236.94 | % | | | 236.94 | % | | Dividend yield | | | Nil | | | | Nil | | | Expected term (years) | | | 0.5 years | | | | 0.5 years | | | Annual risk-free interest rate | | | 3.918 | % | | | 3.918 | % |
| | | | | | December 31,
2025 | | | Alumni Capital – Convertible notes detachable warrant | | | | | | | | | | | | | | | Share price
| | | | | | US$ | 0.53 | | | Exercise price / warrant | | | | | | US$ | 0.359 | | | Expected volatility | | | | | | | 178.65 | % | | Dividend yield | | | | | | | Nil | | | Expected term (years) | | | | | | | 1.00 year | | | Annual risk-free interest rate | | | | | | | 4.15 | % | | | | | | | December 31,
2025 | | | Alumni Capital – ELOC detachable warrant | | | | | | | | | | | | | | | | Share price | | | | | | US$ | 0.53 | | | Exercise price / warrant | | | | | | US$ | 0.57 | | | Expected volatility | | | | | | | 178.65 | % | | Dividend yield | | | | | | | Nil | | | Expected term (years) | | | | | | | 1.58 years | | | Annual risk-free interest rate | | | | | | | 4.15 | % |
|
| Schedule of Movement of Fair Value of Warrant Liabilities |
Movement
of the fair value of the warrant liabilities during the year is as follows:
| | |
December 31,
2024 | | |
December 31,
2025 | |
| | |
US$ | | |
US$ | |
| | |
| | |
| |
| At beginning of the year | |
| 439,409 | | |
| 33,305 | |
| Additional | |
| - | | |
| 2,758,696 | |
| Exercised | |
| (428,025 | ) | |
| (228,271 | ) |
| Fair value change | |
| 33,977 | | |
| 95,015 | |
| Written off | |
| - | | |
| (33,305 | ) |
| Currency realignment | |
| (12,056 | ) | |
| - | |
| At end of the year | |
| 33,305 | | |
| 2,625,440 | |
|