| Schedule of Fair Value Information on Recurring Basis |
The
following tables present fair value information as of June 30, 2026, and December 31, 2025. The Company’s financial liabilities
that were accounted for at fair value on a recurring basis and indicate the fair value hierarchy of the valuation techniques the Company
utilized to determine such fair value:
| June 30, 2026 | |
Fair Value | | |
(Level 1) | | |
(Level 2) | | |
(Level 3) | |
| Liabilities: | |
| | |
| | |
| | |
| |
| ADI Funding Convertible Note | |
$ | 257,242 | | |
$ | — | | |
$ | — | | |
$ | 257,242 | |
| ClearThink Convertible Note | |
$ | 250,000 | | |
$ | — | | |
$ | — | | |
$ | 250,000 | |
| Vanquish Funding Convertible Note | |
$ | 250,000 | | |
$ | — | | |
$ | — | | |
$ | 250,000 | |
| Common stock issuance obligation | |
$ | 5,918 | | |
$ | 5,918 | | |
$ | — | | |
$ | — | |
| SEPA liability | |
$ | 145,174 | | |
$ | — | | |
$ | — | | |
$ | 145,174 | |
| December 31, 2025 | |
Fair Value | | |
(Level 1) | | |
(Level 2) | | |
(Level 3) | |
| Liabilities: | |
| | |
| | |
| | |
| |
| Quantum Convertible Note, related party | |
$ | 351,307 | | |
$ | — | | |
$ | — | | |
$ | 351,307 | |
| Common stock issuance obligation | |
$ | 18,941 | | |
$ | 18,941 | | |
$ | — | | |
$ | — | |
| May 2025 Convertible Note | |
$ | 361,821 | | |
$ | — | | |
$ | — | | |
$ | 361,821 | |
|
| Schedule of Changes in the Fair Value of Financial Liabilities |
The
change in the fair value of the Level 3 financial liabilities for the period from December 31, 2025, through June 30, 2026, is summarized
as follows:
| | |
Quantum Convertible Note | | |
May 2025 Convertible Note | | |
ADI Funding Convertible Note | | |
ClearThink Convertible Note | | |
Vanquish Funding Convertible Note | | |
SEPA Liability | | |
Total | |
| Fair value as of December 31, 2025 | |
$ | 351,307 | | |
$ | 361,821 | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | 713,128 | |
| Initial fair value at issuance | |
| — | | |
| — | | |
| 250,000 | | |
| 250,000 | | |
| 250,000 | | |
| 145,174 | | |
| 895,174 | |
| Conversion | |
| (521,721 | ) | |
| (299,348 | ) | |
| — | | |
| — | | |
| — | | |
| — | | |
| (821,069 | ) |
| Interest accrued | |
| 11,243 | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 11,243 | |
| Change in fair value | |
| 159,171 | | |
| (62,473 | ) | |
| 7,242 | | |
| — | | |
| — | | |
| — | | |
| 103,940 | |
| Fair value as of June 30, 2026 | |
$ | — | | |
$ | — | | |
$ | 257,242 | | |
$ | 250,000 | | |
$ | 250,000 | | |
$ | 145,174 | | |
$ | 902,416 | |
The
change in the fair value of the Level 3 financial liabilities for the period from December 31, 2024, through June 30, 2025, is summarized
as follows:
| | |
Quantum | | |
| | |
| | |
September | | |
March 2025 | | |
May 2025 | | |
| |
| | |
Convertible
Note | | |
Exchange
Note | | |
ELOC | | |
Convertible
Note | | |
Convertible
Note | | |
Convertible
Note | | |
Total | |
| Fair value as of December 31, 2024 | |
$ | 3,248,000 | | |
$ | 1,499,000 | | |
$ | 80,000 | | |
$ | 2,094,000 | | |
$ | — | | |
$ | — | | |
$ | 6,921,000 | |
| Initial fair value at issuance | |
| — | | |
| — | | |
| — | | |
| — | | |
| 238,020 | | |
| 342,996 | | |
| 581,016 | |
| Change in fair value | |
| 332,612 | | |
| 986,636 | | |
| (20,157 | ) | |
| 824,875 | | |
| (43,229 | ) | |
| — | | |
| 2,080,737 | |
| Fair value as of June 30, 2025 | |
$ | 3,580,612 | | |
$ | 2,485,636 | | |
$ | 59,843 | | |
$ | 2,918,875 | | |
$ | 194,791 | | |
$ | 342,996 | | |
$ | 9,582,753 | |
|