v3.26.1
ALLOCATION OF FAIR VALUE IN PRIVATE PLACEMENT (Tables)
6 Months Ended
Jun. 30, 2026
SCHEDULE OF ALLOCATION OF FAIR VALUE IN PRIVATE PLACEMENT

The allocation was calculated as follows:

 

Component 

Standalone

Fair Value

  

% of Total

Fair Value

  

Allocation of

Proceeds

  

Allocation per

Share/Warrant

 
Common Stock (6,156,001 shares)  $340,245    60.66%  $190,867   $0.0310 
Common Stock (6,156,001 shares)  $340,245    60.66%  $190,867   $0.0310 
Warrants (5,700,001 warrants)   220,643    39.34%   123,773    0.0217 
Total  $560,888    100%  $314,640      
SCHEDULE OF SIGNIFICANT INPUTS OF FAIR VALUE MEASUREMENT

The fair value of the warrants was estimated using the Black-Scholes option-pricing model in accordance with ASC 820-10-35-2 (Fair Value Measurement Framework). The following significant inputs were used in the valuation:

 

Assumption   Value
Expected volatility     119.99%
Expected term     5 years
Risk-free interest rate     3.92%
Expected dividend yield     none
Warrant [Member]  
SUMMARY OF WARRANT ACTIVITY

A summary of warrant activity for the quarter ended June 30, 2026 is as follows:

 

  

Number of

Warrants *

  

Weighted

Average

Exercise Price

  

Weighted

Average

Remaining

Expected Term

 
Outstanding as at January 1, 2026   16,675,364   $0.13    4.6 
Granted   5,700,001    0.12    5.0 
Exercised            
Forfeited/Cancelled            
Outstanding as at June 30, 2026   22,375,365   $0.12    4.6