WARRANTS (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
| Class of Warrant or Right [Line Items] |
|
| SCHEDULE OF WARRANT ACTIVITIES |
The
following table summarizes the Company’s warrant activity for the period ended June 30, 2026:
SCHEDULE OF WARRANT ACTIVITIES
| Warrant
Activity | |
Number
of
Warrants | | |
Weighted-
Average
Exercise
Price
($) | | |
Weighted-
Average
Remaining
Contractual
Term
(Yrs) | |
| Outstanding at December
31, 2024 | |
| - | | |
| - | | |
| - | |
| Granted (May
7, 2025) | |
| 332,505 | | |
| 1.39 | | |
| 5.00 | |
| Exercised (August 19, 2025) | |
| (125,383 | ) | |
| 1.42 | | |
| - | |
| Expired / Forfeited | |
| - | | |
| - | | |
| - | |
| Outstanding at December
31, 2025 | |
| 207,122 | | |
| 1.37 | | |
| 4.35 | |
| Exercisable at December
31, 2025 | |
| 207,122 | | |
| 1.37 | | |
| 4.35 | |
| Granted | |
| 2,185,792 | | |
| 0.92 | | |
| 5.00 | |
| Exercised | |
| - | | |
| - | | |
| - | |
| Expired / Forfeited | |
| - | | |
| - | | |
| - | |
| Outstanding at June 30,
2026 | |
| 2,392,914 | | |
| 0.96 | | |
| 5.23 | |
| Exercisable at June 30,
2026 | |
| 1,300,018 | | |
| 0.22 | | |
| 5.23 | |
|
| SCHEDULE OF WARRANTS OUTSTANDING |
Warrants
Outstanding at June 30, 2026:
SCHEDULE
OF WARRANTS OUTSTANDING
| Warrant
Type | |
Number of
Warrants | | |
Exercise
Price | | |
Exercisable
at June 30,
2026 | | |
Expiration |
| Warrants issued
in 2025 debt conversions | |
| 207,122 | | |
$ | 1.29
– 1.42
| | |
| 207,122 | | |
May 7, 2030 |
| Pre-Funded Warrants | |
| 1,092,896 | | |
$ | 0.001 | | |
| 1,092,896 | | |
Until exercised in full |
| Common Stock Warrants | |
| 1,092,896 | | |
$ | 1.83 | | |
| - | | |
December 25, 2031 |
| Total | |
| 2,392,914 | | |
| | | |
| 1,300,018 | | |
|
|
| SCHEDULE OF VALUATION ASSUMPTIONS COMPONENTS BY EACH WARRANT HOLDER TRANCHE |
Based
on the assumptions above, the specific valuation components by each warrant holder tranche are summarized as follows:
SCHEDULE OF VALUATION ASSUMPTIONS
COMPONENTS BY EACH WARRANT HOLDER TRANCHE
| Holder | |
Warrants
Issued | | |
Exercise
Price | | |
FV/Warrant
($) | | |
Total
Warrant
FV
($) | |
| Hangmuk Shin | |
| 81,739 | | |
$ | 1.29 | | |
| 1.97 | | |
| 160,720.51 | |
| Jeyoun Baeg | |
| 125,383 | | |
$ | 1.42 | | |
| 1.96 | | |
| 246,186.97 | |
| Jungok You | |
| 125,383 | | |
$ | 1.42 | | |
| 1.96 | | |
| 246,186.97 | |
| Total | |
| 332,505 | | |
| | | |
| | | |
| 653,094.44 | |
|
| 2026 Private Placement Warrants [Member] |
|
| Class of Warrant or Right [Line Items] |
|
| SCHEDULE OF VALUATION PERFORMED USING ASSUMPTIONS AS OF GRANT DATE |
SCHEDULE OF VALUATION PERFORMED USING ASSUMPTIONS AS OF GRANT DATE
| Assumptions: | |
June
29, 2026 | |
| Stock price | |
$ | 2.21 | |
| Exercise price | |
$ | 1.83 | |
| Expected term (contractual) | |
| 5.49
years | |
| Expected volatility | |
| 138.60 | % |
| Risk-free interest rate | |
| 4.14 | % |
| Expected dividend yield | |
| 0.00 | % |
|
| Warrants Issued in 2025 Debt Conversions [Member] |
|
| Class of Warrant or Right [Line Items] |
|
| SCHEDULE OF VALUATION PERFORMED USING ASSUMPTIONS AS OF GRANT DATE |
The
valuation was performed using the following assumptions as of the grant date (May 7, 2025):
SCHEDULE OF VALUATION PERFORMED USING ASSUMPTIONS AS OF GRANT DATE
| Assumption | |
Input | |
| Stock price
at grant date | |
$ | 1.38 | |
| Risk-free interest rate | |
| 4.04 | % |
| Expected volatility | |
| 186.39 | % |
| Expected term | |
| 5.00
Years | |
| Expected dividend yield | |
| 0.00 | % |
|