v3.26.1
CONVERTIBLE NOTES (Tables)
 6 Months Ended
Jun. 30, 2026
CONVERTIBLE NOTES  
Schedule of movement of the value

 

 

Boot Capital LLC

 

 

Vanquish Funding Group Inc.

 

 

Labrys Fund II, L.P.

 

 

Total

 

Face amount

 

$113

 

 

$237

 

 

$315

 

 

$665

 

Less: Debt discount at inception

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OID Discount

 

 

(13)

 

 

(27)

 

 

(15)

 

 

(55)

Derivative allocation

 

 

(46)

 

 

(98)

 

 

(293)

 

 

(437)

Debt issuance costs

 

 

-

 

 

 

(10)

 

 

(8)

 

 

(18)

Initial carrying value

 

 

54

 

 

 

102

 

 

 

(1)

 

 

155

 

Amortization

 

 

5

 

 

 

10

 

 

 

9

 

 

 

24

 

Settlement

 

 

(59)

 

 

(112)

 

 

(8)

 

 

(179)

Carrying value, June 30, 2026

 

$-

 

 

$-

 

 

$-

 

 

$-

 
Schedule of warrants fair value assumptions to value stock options

 

 

Year Ended

December 31,

 

 

 

2025

 

Expected term

 

2.50 years

 

Expected average volatility

 

 

105%

Expected dividend yield

 

 

-

 

Risk-free interest rate

 

 

3.50%