v3.26.1
Basis of Presentation and Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2026
Basis of Presentation and Summary of Significant Accounting Policies  
Schedule Of assets and liabilities measured at fair value on a recurring basis

Fair Value Measurements at June 30, 2026

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Description

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

 

$

 

 

$

 

 

$

 

 

$

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Warrant liability

 

 

 

 

 

6,400

 

 

 

 

 

 

6,400

 

Derivative liability May 2025

 

 

 

 

 

1,173,600

 

 

 

 

 

 

1,173,600

 

Derivative liability January 2026

 

 

 

 

 

994,900

 

 

 

 

 

 

994,900

 

 

 

 

-

 

 

 

2,174,900

 

 

 

-

 

 

 

2,174,900

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements at December 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Description

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

 

 

 

$

 

 

$

 

 

 

$

 

 

$

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Warrant liability

 

 

 

 

 

 

20,978

 

 

 

 

 

 

 

20,978

 

Derivative liability May 2025

 

 

 

 

 

 

913,742

 

 

 

 

 

 

 

913,742

 

 

 

 

-

 

 

 

934,720

 

 

 

-

 

 

 

934,720

 

Schedule of warrant liability measured at fair value

 

 

Total

 

 

 

$

 

Balance at December 31, 2024

 

 

97,886

 

Gain on change in fair value of warrant liability

 

 

(76,908)

Balance at December 31, 2025

 

 

20,978

 

Gain on change in fair value of warrant liability

 

 

(14,578)

Balance at June 30, 2026

 

 

6,400

 

Schedule of derivative liability measured at fair value

 

 

Total

 

 

 

$

 

Balance at December 31, 2024

 

 

-

 

Initial fair value of embedded derivative liability upon issuance of convertible note

 

 

1,042,471

 

Gain on change in fair value of derivative liability

 

 

(128,729)

Balance at December 31, 2025

 

 

913,742

 

Loss on change in fair value of derivative liability

 

 

630,858

 

Conversion extinguishment

 

 

(371,000)

Balance at June 30, 2026

 

 

1,173,600

 

 

 

Total

 

 

 

$

 

Initial fair value of embedded derivative liability upon issuance of convertible note

 

 

385,300

 

Loss on change in fair value of derivative liability

 

 

646,900

 

Conversion extinguishment

 

 

(37,300)

Balance at June 30, 2026

 

 

994,900