| SCHEDULE OF FAIR VALUE ASSETS AND LIABILITIES MEASURED ON RECURRING BASIS |
The
following table presents the fair value hierarchy of the Company’s financial assets and liabilities measured at fair value on a
recurring basis as of June 30, 2026:
SCHEDULE
OF FAIR VALUE ASSETS AND LIABILITIES MEASURED ON RECURRING BASIS
| | |
Level 1 | | |
Level 2 | | |
Level 3 | | |
Total | |
| Prime institutional money market fund | |
$ | 5,169,126 | | |
$ | - | | |
$ | - | | |
$ | 5,169,126 | |
| U.S. Treasury Bills – under 90 days | |
| 1,999,800 | | |
| - | | |
| - | | |
| 1,999,800 | |
| U.S. Treasury Bills – over 90 days | |
| 12,866,651 | | |
| - | | |
| - | | |
| 12,866,651 | |
| Anti-dilution liability | |
| - | | |
| - | | |
| (19,552,529 | ) | |
| (19,552,529 | ) |
| Derivative liabilities | |
| - | | |
| - | | |
| (89,000 | ) | |
| (89,000 | ) |
| Total | |
$ | 20,035,577 | | |
$ | - | | |
$ | (19,641,529 | ) | |
$ | 394,048 | |
|
| SCHEDULE OF CHANGE IN FAIR VALUE DERIVATIVE LIABILITY |
The
following table sets forth a summary of the change in the fair value of the Company’s Level 3 financial liabilities that are measured at fair value on a recurring basis:
SCHEDULE
OF CHANGE IN FAIR VALUE DERIVATIVE LIABILITY
| | |
Series I | | |
Series H-7 | | |
Series J Anti-dilution | | |
Total | |
| Balance – December 31, 2025 | |
$ | 19,000 | | |
$ | - | | |
$ | - | | |
$ | 19,000 | |
| Change in fair value, three months ended March 31, 2026 | |
| 6,000 | | |
| - | | |
| - | | |
| 6,000 | |
| Change in fair value, April 1, 2026 through Omnibus Amendment Date | |
| 14,000 | | |
| - | | |
| - | | |
| 14,000 | |
| Settlement of derivative liability upon Omnibus Amendment | |
| (39,000 | ) | |
| - | | |
| - | | |
| (39,000 | ) |
| Issuance of derivative liability upon Omnibus Amendment | |
| 124,000 | | |
| 22,000 | | |
| - | | |
| 146,000 | |
| Issuance of Series J Preferred Stock | |
| - | | |
| - | | |
| 16,379,662 | | |
| 16,379,662 | |
| Issuance of shares in settlement of anti-dilution provisions | |
| - | | |
| - | | |
| (4,871,467 | ) | |
| (4,871,467 | ) |
| Change in fair value | |
| - | | |
| - | | |
| 8,044,334 | | |
| 8,044,334 | |
| Change in fair value, Omnibus Amendment date through June 30, 2026 | |
| (35,000 | ) | |
| (22,000 | ) | |
| - | | |
| (57,000 | ) |
| Total | |
$ | 89,000 | | |
$ | - | | |
$ | 19,552,529 | | |
$ | 19,641,529 | |
|