v3.26.1
Fair Value Measurements
 6 Months Ended
Jun. 30, 2026
Fair Value Measurements [Abstract]  
FAIR VALUE MEASUREMENTS

NOTE 10 – FAIR VALUE MEASUREMENTS

 

Earnout and derivative liabilities

 

The classification of the fair value of the earnout liability, preferred stock liabilities, and derivative liabilities and the change in the fair value measurement using significant inputs (Level 3) for the six months ended June 30, 2026 and 2025 for the Company is presented below:

 

   Level 1   Level 2   Level 3   Total 
Derivative liabilities:                
Balance at December 31, 2025  $
-
   $
-
   $
-
   $
-
 
Initial derivative liabilities included in debt discount   
 
    
 
    3,663,600    3,663,600 
Initial derivative liabilities included in derivative expense   
 
    
 
    2,560,979    2,560,979 
Loss on revaluation of derivative liabilities included in derivative expense   
-
    
-
    1,439,276    1,439,276 
Balance at June 30, 2026  $
-
   $
-
   $7,663,855   $7,663,855 
                     
Preferred stock liabilities (Series D and Series E Preferred Stock):                    
Balance at December 31, 2025  $
-
   $
-
   $
-
   $
-
 
Reclassification of fair value of preferred stock liabilities from equity   
-
    
-
    21,584,122    21,584,122 
Gain on reevaluation of preferred stock liabilities   
-
    
-
    (6,610,240)   (6,610,240)
Balance at June 30, 2026  $
-
   $
-
   $14,973,882   $14,973,882 
                     
Earnout liability:                    
Balance at December 31, 2024  $
-
   $
-
   $20,000   $20,000 
Revaluation of earnout liability   
-
    
-
    
-
    
-
 
Balance at June 30, 2025  $
-
   $
-
   $20,000   $20,000 
                     
Earnout liability:                    
Balance at December 31, 2025  $
-
   $
-
   $20,000   $20,000 
Revaluation of earnout liability   
-
    
-
    (19,500)   (19,500)
Balance at June 30, 2026  $
-
   $
-
   $500   $500