v3.26.1
DEBENTURES (Tables)
 6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
SCHEDULE OF TRANCHES OF DEBT

The details of each of these seven tranches are summarized in the table below:

 

                   Principal Payment           
Description  Date  Face
Amount		   OID  

Gross

Proceeds

  

Conversion

Price

  

Starting

Date *

 

# of

Warrants

  

Exercise

Price

  

Expiration

Date

 

Transaction

Costs

 
1st Tranche  Jun-22  $14,025    10%  $12,750   $133,200.00   Sep-22   8   $146,520.00   Dec-25  $1,635 
2nd Tranche  Jan-23   5,077    10%   4,615    74,400.00   Jul-23   5    74,400.00   Dec-25   326 
3rd Tranche  Oct-23   2,750    10%   2,500    28,296.00   Jan-24   57    28,296.00   Apr-27   32 
4th Tranche  Nov-23   2,750    10%   2,500    9,720.00   May-24   184    9,720.00   May-27   30 
5th Tranche  Feb-24   1,100    10%   1,000    2,311.20   Aug-24   309    2,542.32   Aug-27   50 
6th Tranche  Apr-24   550    10%   500    1,760.40   Oct-24   203    1,944.00   Oct-27   31 
7th Tranche  May-24   833    10%   750    1,080.00   Nov-24   501    132.00   Nov-27   3 

 

* Principal payments are due to be made in 25 equal installments.

The details of each of these tranches are summarized in the table below:

 

          Original           Principal Payment               
Description  Date  Face
Amount		   Issue Discount  

Gross Proceeds

  

Conversion

 Price

  

Starting

Date *

 

 No. of

Warrants

  

Exercise

Price

  

Expiration

Date

 

Transaction

Costs

 
Jan-25 Tranche  Jan-25  $7,700    10%  $7,000   $282.96   Apr-25   17,688   $311.256   Jul-28  $290 
Mar-25 Tranche  Mar-25   1,320    10%   1,188    214.92   Jul-25   3,992    214.920   Sep-28   - 
May-25 Tranche  May-25   110    10%   100    214.92   Sep-25   407    214.920   Nov-28   - 
Jul-25 Tranche  Jul-25   833    10%   750    80.89   Oct-25   6,696    80.892   Jan-29   - 
Sep-25 Tranche  Sep-25   550    10%   495    28.92   Dec-25   12,362    31.800   Sep-29   - 
Oct-25 Tranche (a)  Oct-25   7,700    10%   6,930    28.92   Dec-25   173,064    28.920   Apr-29   - 
Jan-26 Tranche (b)  Jan-26   7,000    10%   6,300    28.92   Mar-26   251,104    28.920   Jul-29   - 

 

*   Principal payments are due to be made in 25 equal installments.
 
SCHEDULE OF OUTSTANDING DEBENTURES

Debentures consisted of the following for the periods presented (in thousands):

 

Description  Maturity   Interest Rate   June 30, 2026   December 31, 2025 
Principal (First Tranche Debentures)   December 2024    5.00% - 8.00%  $25   $25 
Principal (Second Tranche Debentures)   July 2025    5.00% - 8.00%   25    25 
Principal (Fourth Tranche Debentures)   June 2026    5.00% - 8.00%   8    8 
Principal (May 2025 Tranche Debentures)   May 2026    5%   86    86 
Principal (July 2025 Tranche Debentures)   July 2026    5%   486    833 
Principal (September 2025 Tranche Debentures)   September 2026    5%   550    550 
Principal (October 2025 Tranche Debentures)   October 2026    5%   7,700    7,700 
Principal (January 2026 Tranche Debentures)   January 2027    5%   6,160    - 
Debt issuance costs and discounts             (2,055)   (2,788)
Total Debentures (current)            $12,985   $6,439