EARN-OUT PAYABLE (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Earn-out Payable |
|
| Schedule of earn-out payable |
| Schedule of earn-out payable | |
| |
| |
| |
|
| | |
June 30, | |
Quoted
Prices In
Active
Markets | |
Significant
Other
Observable
Inputs | |
Significant
Other
Unobservable
Inputs |
| Description | |
2026 | |
(Level 1) | |
(Level 2) | |
(Level 3) |
| Earn-out payable – current | |
$ | 2,500,000 | | |
$ | 2,500,000 | | |
$ | – | | |
$ | – | |
| Earn-out payable – non-current | |
| 2,291,590 | | |
| – | | |
| 2,291,590 | | |
| – | |
| Total | |
$ | 4,791,500 | | |
$ | 2,500,000 | | |
$ | 2,291,590 | | |
$ | – | |
| | |
| | | |
| | | |
| | | |
| | |
| | |
December 31, | |
Quoted
Prices In
Active
Markets | |
Significant
Other
Observable
Inputs | |
Significant
Other
Unobservable
Inputs |
| Description | |
2025 | |
(Level 1) | |
(Level 2) | |
(Level 3) |
| Earn-out payable – current | |
$ | 2,000,000 | | |
$ | 2,000,000 | | |
$ | – | | |
$ | – | |
| Earn-out payable – non-current | |
| 2,710,975 | | |
| – | | |
| 2,710,975 | | |
| – | |
| Total | |
$ | 4,710,975 | | |
$ | 2,000,000 | | |
$ | 2,710,975 | | |
$ | – | |
|
| Schedule of fair value assumptions |
| Schedule of fair value assumptions | |
|
| Annual discount rate | |
| 5.88% | |
| Weighted average expected life (months) | |
| 50 | |
| Probability-weighted expected payment (every 6 months upon achieve specific performance) | |
$ | 500,000 | |
|
| Schedule of earnout provision |
| Schedule of earnout provision | |
|
| January 1, 2026 | |
$ | 4,710,975 | |
| Add: imputed interest | |
| 80,615 | |
| June 30, 2026 | |
$ | 4,791,590 | |
|
| Schedule of contingent earnout payments |
| Schedule of contingent earnout payments | |
|
| For the Performance Period ending | |
|
| December 31, 2024 | |
$ | 1,000,000 | |
| June 30, 2025 | |
| 1,000,000 | |
| December 31, 2025 | |
| 500,000 | |
| June 30, 2026 | |
| 500,000 | |
| December 31, 2026 | |
| 500,000 | |
| June 30, 2027 | |
| 500,000 | |
| December 31, 2027 | |
| 500,000 | |
| June 30, 2028 | |
| 500,000 | |
| December 31, 2028 | |
| 500,000 | |
| Total contingent earnout payment | |
| 5,500,000 | |
| Less: imputed interest | |
| (208,409 | ) |
| Less: earnout payable recognized during 2025 | |
| (2,500,000 | ) |
| Less: earnout payable recognized during 2026 | |
| (500,000 | ) |
| Promissory notes payable | |
$ | 2,291,590 | |
|