v3.26.1
WARRANTS
6 Months Ended
Jun. 30, 2026
Warrants  
WARRANTS

NOTE 12 - WARRANTS

 

On May 1, 2024, the Company issued under a Warrant Subscription Agreement for 200 warrants (post-split), exercisable within one year of the execution date of the agreement at a price of $500 (post-split). These warrants were expired during the year ended December 31, 2025.

 

The assumptions used to determine the fair value of the Warrants as follows:

 

Expected life (years)   1.00 
Risk-free interest rate   5.21%
Expected volatility   353.02%
Dividend yield   0%

 

On October 9, 2024, the Company authorized the issuance of up to $500,000 in non-convertible promissory notes with the attached warrants. Purchasers of the notes were issued 12 warrants (post split) to purchase common stock. The warrants are exercisable at a price of $500 per share (post-split) and shall expire two years after the issuance date.

 

The assumptions used to determine the fair value of the Warrants as follows:

 

Expected life (years)   2.00 
Risk-free interest rate   3.95%
Expected volatility   323.21%
Dividend yield   0%

 

As of June 30, 2026, the Company had 12 warrants outstanding to purchase shares of common stock at an exercise price of $500 per share, with a weighted average remaining contractual term of approximately 0.25 years. There was no warrant activity during the six months ended June 30, 2026.

 

   Number of
Warrants
   Weighted Average
Exercise Price
   Weighted Average
Remaining Contract
Term
   Intrinsic
Value
 
Outstanding, December 31, 2024   212   $          500    .41   $            - 
Issued   -   $-    -    - 
Expired   (200)  $-    -    - 
Exercised   -   $-    -    - 
Outstanding, December 31, 2025   12   $500    0.85   $- 
Issued   -   $-    -    - 
Expired   -   $-    -    - 
Exercised   -   $-    -    - 
Outstanding, June 30, 2026   12   $500    0.25   $-