| Schedule of Assumptions were Based on Observable Market Conditions |
The
following assumptions were based on observable market conditions that existed at December 31, 2025 and June 30, 2026:
| Assumption | |
At
December 31, 2025 | | |
At
June 30, 2026 | |
| Fair
value hierarchy | |
Level
1 | | |
Level
1 | | |
Level
1 | | |
Level
1 | |
| Exercise
price | |
$ | 5.0 | | |
$ | 5.16 | | |
$ | 5.0 | | |
$ | 5.16 | |
| Warrant
price | |
$ | 3.220 | | |
$ | 3.220 | | |
$ | 2.000 | | |
$ | 2.000 | |
| Fair
value per warrant | |
$ | 3.220 | | |
$ | 3.220 | | |
$ | 2.000 | | |
$ | 2.000 | |
|
| Schedule of Changes in Warrants Issued |
A summary of changes in August 2022 Warrants and January 2024
Warrants issued by the Company during the periods ended June 30, 2025 and 2026, is as follows:
| | |
Fair value measurements using input type | |
| | |
Level 1 | | |
Level 2 | | |
Level 3 | | |
Total | |
| Balance as of December 31, 2024 | |
$ | 2,345,084 | | |
$ | 2,795,837 | | |
| - | | |
$ | 5,140,921 | |
| | |
| | | |
| | | |
| | | |
| | |
| Fair value gain recognized in unaudited interim condensed consolidated statement of profit or loss and other comprehensive income | |
| (1,259,897 | ) | |
| (1,257,251 | ) | |
| - | | |
| (2,517,148 | ) |
| Warrant liability as of June 30, 2025 | |
$ | 1,085,187 | | |
$ | 1,538,586 | | |
| - | | |
$ | 2,623,773 | |
| | |
| | | |
| | | |
| | | |
| | |
| Balance as of December 31, 2025 | |
$ | 9,079,707 | | |
| - | | |
| - | | |
$ | 9,079,707 | |
| | |
| | | |
| | | |
| | | |
| | |
| Transfer upon exercise | |
| (1,228,465 | ) | |
| - | | |
| - | | |
| (1,228,465 | ) |
| Fair value gain recognized in unaudited interim condensed consolidated statement of profit or loss and other comprehensive income | |
| (2,808,584 | ) | |
| - | | |
| - | | |
| (2,808,584 | ) |
| Warrant liability as of June 30, 2026 | |
$ | 5,042,658 | | |
| - | | |
| - | | |
$ | 5,042,658 | |
|