v3.26.1
Fair Value of Financial Instruments (Tables)
 6 Months Ended
Jun. 30, 2026
FAIR VALUE OF FINANCIAL INSTRUMENTS  
Fair Value of Derivative Liability

As of June 30, 2026 and December 31, 2025, the Company’s derivative liability was measured at fair value using Level 3 inputs. A description of the valuation techniques and assumptions for Level 3 measurements is provided in Note 6.

 

 

 

Total

 

 

Quoted
Prices in
Active
Markets
For
Identical
Assets (Level 1)

 

 

Significant
Other
Observable
Inputs
(Level 2)

 

 

Significant
Unobservable
Inputs
(Level 3)

 

Fair Value Measurement as of June 30, 2026:

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Derivative Liability

 

$

356,857

 

 

$

-

 

 

$

-

 

 

$

356,857

 

Totals

 

$

356,857

 

 

$

-

 

 

$

-

 

 

$

356,857

 

Fair Value Measurement at December 31, 2025:

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

 

 

 

 

Derivative Liability

 

$

1,249,030

 

 

$

-

 

 

$

-

 

 

$

1,249,030

 

Totals

 

$

1,249,030

 

 

$

-

 

 

$

-

 

 

$

1,249,030

 

The fair values of other financial assets and liabilities were estimated to approximate their carrying amounts due to their short-term maturities and historically negligible credit losses.