v3.26.1
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Assets are Measured at Fair Value on Recurring Basis

  

Description  Total   Level 1   Level 2   Level 3 
   Fair Value Measurements as of June 30, 2026 
Description  Total   Level 1   Level 2   Level 3 
United States treasury bills  $2,216,725   $-   $2,216,725   $- 
Money markets   426,706    426,706    -    - 
Mutual funds – fixed income   436,322    436,322    -    - 
Mutual funds – alternative investments   243,513    243,513    -    - 
Common stock   21,250    21,250    -    - 
Fair value recurring basis  $3,344,516   $1,127,791   $2,216,725   $- 
                     
Included in cash and cash equivalents  $2,643,431                
Included in marketable securities  $701,085                
Schedule of Change in Fair Value of the Warrant Liability

 

Description  Total   Level 1   Level 2   Level 3 
   Fair Value Measurements as of June 30, 2026 
Description  Total   Level 1   Level 2   Level 3 
Warrant liability  $7,497,089   $-   $-   $7,497,089 
Schedule of Fair Value Accounting of Warrant Activity

The following table summarizes Level 3 activity for the three and six months ended June 30, 2026:

 

Description  Placement Agent Warrants   Private Placement Warrants   Total 
Balance, December 31, 2025  $-   $-   $- 
Fair value of warrants at issuance   243,495    5,126,215    5,369,710 
Change in fair value of warrants   98,252    2,029,127    2,127,379 
Balance, June 30, 2026  $341,747   $7,155,342   $7,497,089