v3.26.1
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:

 

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:

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:

 

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

 

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):

 

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%