v3.26.1
WARRANTS CLASSIFIED AS LIABILITY (Tables)
6 Months Ended
Jun. 30, 2026
Warrants Classified As Liability  
SCHEDULE OF WARRANTS

A summary of warrants classified as a liability for the six months ended June 30, 2026 is as follows:

 

   Series A
Warrant Instruments
    Series A
Warrant Shares
  

Exercise Price

   Series B
Warrants
   Exercise Price 
Warrants outstanding, December 31, 2025    268,333      268,333   $72.00    16,849   $72.00 
Share combination event adjustment    -      2,031,667    (63.60)          
Warrants granted    -      -         -      
Warrants forfeited    -      -         -      
Warrants exercised    -      -         -    - 
Warrants outstanding, June 30, 2026    268,333      2,300,000   $8.40    16,849   $72.00 
SCHEDULE OF WARRANT LIABILITIES

The Company’s warrant liabilities are measured at fair value on a recurring basis using Level 3 inputs within the fair value hierarchy. The following table presents changes in the fair value of the Company’s Level 3 warrant liabilities for the six months ended June 30, 2026. Changes in fair value are recognized in “Change in fair value of warrant liabilities” within other income (expense) in the condensed statements of operations.

 

   Series A   Series B   Total 
Balance, December 31, 2025  $312,000   $433,000   $745,000 
Change in fair value   875,000   (191,000)   684,000
Warrant exercises   -    -    - 
Balance, June 30, 2026  $1,187,000   $242,000   $1,429,000