v3.26.1
Short-Term Debt (Tables)
3 Months Ended
Jun. 30, 2026
Short-Term Debt [Abstract]  
Schedule of Debt Instrument
Debt instrument   June 30,
2026
    March 31,
2026
 
Secured promissory note - Brag House     -     $ 8,021,531  
Additional short-term advance - Brag House     -       1,302,500  
Margin loan     680,384       -  
Yorkville convertible note, at fair value     1,679,287       -  
Senior secured convertible notes, at fair value     2,733,454       -  
Total short-term debt   $ 5,093,125     $ 9,324,031  
Schedule of Liabilities Measured at Fair Value on a Recurring Basis The Company had no debt liabilities measured at fair value on a recurring basis as of March 31, 2026.

 

Liability   Fair value     Level 1     Level 2     Level 3  
Yorkville convertible note   $ 1,679,287     $              $               $ 1,679,287  
Senior secured convertible notes     2,733,454                   2,733,454  
Total   $ 4,412,741     $     $     $ 4,412,741  
Schedule of Level 3 Debt Liabilities Measured at Fair Value on a Recurring Basis

The following table summarizes the changes in Level 3 debt liabilities measured at fair value on a recurring basis during the three months ended June 30, 2026:

 

Level 3 debt liabilities   Amount  
Balance, March 31, 2026   $  
Liabilities recognized in connection with the merger     4,412,741  
Changes in fair value recognized in earnings      
Balance, June 30, 2026   $ 4,412,741  
Schedule of Fair Value and Unpaid Principal Balance of Debt Instruments

The following table presents the difference between the fair value and unpaid principal balance of debt instruments for which the fair value option was elected as of June 30, 2026:

 

Liability   Fair value     Unpaid
principal
    Fair value
over (under)
unpaid
principal
 
Yorkville convertible note   $ 1,679,287     $ 1,587,500     $ (91,787 )
Senior secured convertible notes     2,733,454       2,500,000       (233,454 )
Total   $ 4,412,741     $ 4,087,500     $ (325,241 )