v3.26.1
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Measurements [Abstract]  
Schedule of Fair Value Company’s Derivative Liability The Company does not have any financial instruments in the Level 1 or Level 2 category.

 

    Fair value measured as of June 30, 2026  
    Total at
June 30,
    Quoted
prices in
active
markets
    Significant
other
observable
inputs
    Significant
unobservable
inputs
 
    2026     (Level 1)     (Level 2)     (Level 3)  
Liabilities:                        
Derivative liability   $ 6,199     $      -     $      -     $ 6,199  

 

    Fair value measured as of December 31, 2025  
    Total at
December 31,
    Quoted
prices in
active
markets
    Significant
other
observable
inputs
    Significant
unobservable
inputs
 
    2025     (Level 1)     (Level 2)     (Level 3)  
Liabilities:                        
Derivative liability   $ 1,218,258     $      -     $      -     $ 1,218,258  
Schedule of Inputs Used to Determine the Fair Value of the Derivative Liability

The table below shows the inputs used to determine the fair value of the derivative liability:

 

    June 30,
2026
    December 31,
2025
 
Risk-free interest rate     3.68 %     3.68 %
Market discount rate     0-30 %     30 %
Term     4.54 years       4.79 years  
Expected volatility     140 %     140 %
Schedule of Change in the Fair Value of the Derivative Liability

The following table sets forth a summary of the change in the fair value of the derivative liability that are measured at fair value on a recurring basis for the six months ended June 30, 2026

 

Balance, as of December 31, 2025   $ 1,218,258  
Payments made *     (6,362,143 )
Change in fair value     1,268,162  
Loss on settlement     3,881,922  
Balance, as of June 30, 2026   $ 6,199  

 

* During the six months ended June 30, 2026, $2,769,189 was paid in cash and shares of common stock, valued at $3,592,954, were issued as additional payment.