| Schedule of Valuation of Financial Instruments at Fair Value on a Recurring Basis |
The
following schedule summarizes the valuation of financial instruments at fair value on a recurring basis in the balance sheets as of June
30, 2026 and December 31, 2025:
Schedule of Valuation of Financial Instruments at Fair Value on a Recurring Basis
| | |
Level 1 | | |
Level 2 | | |
Level 3 | |
| | |
Fair Value Measurements at June 30, 2026 | |
| | |
Level 1 | | |
Level 2 | | |
Level 3 | |
| Assets | |
| | | |
| | | |
| | |
| Cash | |
$ | 211,985 | | |
$ | - | | |
$ | - | |
| Right-of-use-asset | |
| - | | |
| - | | |
| 1,289,725 | |
| Total assets | |
| 211,985 | | |
| - | | |
| 1,289,725 | |
| Liabilities | |
| | | |
| | | |
| | |
| Convertible note payable, related party net of $16,735 of discounts | |
| - | | |
| - | | |
| 2,883,265 | |
| Notes payable | |
| - | | |
| 1,359,818 | | |
| - | |
| Note payable, related party | |
| - | | |
| 3,000,000 | | |
| - | |
| Lease liabilities | |
| - | | |
| - | | |
| 1,685,411 | |
| Total liabilities | |
| - | | |
| 4,359,818 | | |
| 4,568,676 | |
| Total assets and liabilities | |
$ | 211,985 | | |
$ | (4,359,818 | ) | |
$ | (3,278,951 | ) |
| | |
Level 1 | | |
Level 2 | | |
Level 3 | |
| | |
Fair Value Measurements at December 31, 2025 | |
| | |
Level 1 | | |
Level 2 | | |
Level 3 | |
| Assets | |
| | | |
| | | |
| | |
| Cash | |
$ | 616,278 | | |
$ | - | | |
$ | - | |
| Right-of-use-asset | |
| - | | |
| - | | |
| 1,385,892 | |
| Total assets | |
| 616,278 | | |
| - | | |
| 1,385,892 | |
| Liabilities | |
| | | |
| | | |
| | |
| Convertible note payable, related party net of $39,309 of discounts | |
| - | | |
| - | | |
| 3,360,691 | |
| Notes payable | |
| - | | |
| 1,534,500 | | |
| - | |
| Lease liabilities | |
| - | | |
| - | | |
| 1,704,664 | |
| Total liabilities | |
| - | | |
| 1,534,500 | | |
| 5,065,355 | |
| Total assets and liabilities | |
$ | 616,278 | | |
$ | (1,534,500 | ) | |
$ | (3,679,463 | ) |
|