LINE OF CREDIT AND NOTES PAYABLE (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Debt Disclosure [Abstract] |
|
| SCHEDULE OF CHANGES IN DERIVATIVE LIABILITY |
The
following is the change in derivative liability for the six Months ended June 30, 2026:
SCHEDULE OF CHANGES IN DERIVATIVE LIABILITY
| | |
| | |
| Balance, January 1, 2026 | |
$ | 493,308 | |
| | |
| | |
| Issuance of new Convertible notes | |
| 751,730 | |
| Conversions | |
| (202,480 | ) |
| Change in fair market value of derivative liability | |
| (283,640 | ) |
| | |
| | |
| Balance, June 30, 2026 | |
$ | 758,918 | |
The
following is the change in derivative liability for the twelve Months ended December 31, 2025:
| | |
| | |
| Balance, January 1, 2025 | |
$ | - | |
| | |
| | |
| Issuance of new derivative liability | |
| 1,756,115 | |
| Conversions | |
| (892,100 | ) |
| Change in fair market value of derivative liability | |
| (370,707 | ) |
| | |
| | |
| Balance, December 31, 2025 | |
$ | 493,308 | |
|
| SCHEDULE OF CONVERTIBLE NOTES |
Total
due to Convertible Notes
SCHEDULE
OF CONVERTIBLE NOTES
| | |
June 30, 2026 | | |
December 31, 2025 | |
| Outstanding principal amount | |
$ | 2,436,558 | | |
| 1,203,400 | |
| Accrued interest | |
| 164,963 | | |
| 73,253 | |
| Debt discount | |
| (1,819,798 | ) | |
| (1,068,067 | ) |
| Amortization of debt discount | |
| 1,095,126 | | |
| 671,466 | |
| Total | |
$ | 1,876,849 | | |
| 880,052 | |
|
| SCHEDULE OF LIABILITIES AND ASSETS MEASURED AT FAIR VALUE |
The
following table presents the Company’s liabilities and assets measured at fair value on a recurring basis:
SCHEDULE
OF LIABILITIES AND ASSETS MEASURED AT FAIR VALUE
June
30, 2026
| | |
Fair Value | | |
Level 1 | | |
Level 2 | | |
Level 3 | |
| Assets: | |
| | | |
| | | |
| | | |
| | |
| Convertible note receivable | |
$ | 1,910,489 | | |
$ | — | | |
$ | — | | |
$ | 1,910,489 | |
| Total assets | |
$ | 1,910,489 | | |
$ | — | | |
$ | — | | |
$ | 1,910,489 | |
| Liabilities: | |
| | | |
| | | |
| | | |
| | |
| Derivative liabilities | |
$ | 758,918 | | |
$ | — | | |
$ | — | | |
$ | 758,918 | |
| Total liabilities | |
$ | 758,918 | | |
$ | — | | |
$ | — | | |
$ | 758,918 | |
December
31, 2025
| | |
Fair Value | | |
Level 1 | | |
Level 2 | | |
Level 3 | |
| Derivative liabilities | |
$ | 493,308 | | |
$ | — | | |
$ | — | | |
$ | 493,308 | |
| Total | |
$ | 493,308 | | |
$ | — | | |
$ | — | | |
$ | 493,308 | |
|
| SCHEDULE OF CONVERTIBLE NOTE RECEIVABLE |
The following table presents the changes in the
Company’s Level 3 convertible note receivable for the six months ended June 30, 2026:
SCHEDULE OF CONVERTIBLE NOTE RECEIVABLE
| | |
Amount | |
| Balance, beginning of period | |
$ | — | |
| Initial recognition / purchase of convertible note | |
$ | 1,504,292 | |
| Change in fair value recognized in earnings | |
$ | 406,197 | |
| Balance, end of period | |
$ | 1,910,489 | |
|
| SCHEDULE OF DERIVATIVE LIABILITIES |
The following table presents the changes in the Company’s
Level 3 derivative liabilities for the six months ended June 30, 2026:
SCHEDULE
OF DERIVATIVE LIABILITIES
| | |
Amount | |
| Balance,
beginning of period | |
$ | 493,308 | |
| Issuance
of derivative liabilities | |
| 751,730 | |
| Conversions | |
| (202,480 | ) |
| Change
in fair value recognized in earnings | |
| (283,640 | ) |
| Balance,
end of period | |
$ | 758,918 | |
|