v3.26.1
Derivative Liability (Tables)
6 Months Ended
Jun. 30, 2026
DERIVATIVE LIABILITIES  
Summary of Inputs valuation to be Level 3 in Fair Value

Period Ended

 

June 30,
2026

 

 

December 31,
2025

 

Annual volatility rate

 

 

115

%

 

 

115

%

Risk free rate

 

 

2.74

%

 

 

3.47

%

Expected life (years)

 

 

3.87

 

 

 

4.37

 

Fair value of common stock

 

$

0.40

 

 

$

1.40

 

Summary of Change in the Fair Value of the Derivative Liability

The following table summarizes the changes in the fair value of the derivative liability during the six months ended June 30, 2026 and the twelve months ended December 31, 2025.

 

Period Ended

 

June 30,
2026

 

 

December 31,
2025

 

Fair value of derivative (warrants), beginning of period

 

$

1,249,030

 

 

$

892,167

 

Exercise of warrants

 

 

-

 

 

 

-

 

Change in fair value of derivative

 

 

(892,173

)

 

 

356,863

 

Fair value of derivative (warrants), end of period

 

$

356,857

 

 

$

1,249,030