v3.26.3
Convertible Promissory Notes, Net (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Convertible Promissory Notes, Net [Abstract]    
Schedule of Derivative Liability

The Company valued the derivative liability relating to the variable amount of the Purchase Warrants using the Black Scholes Model using the following assumptions on the respective dates of the Debentures:

 

   December 31,
2025		   February 26,
2026		   April 28,
2026		   June 23,
2026		   June 30,
2026		 
Stock price  $0.0100    0.0061    0.0100    0.0110    0.0125 
Estimated exercise price   0.0095    0.0058    0.0065    0.0105    0.012 
Term (years)   2.5    2.5    2.5    2.5    2.5 
Annual volatility   43.81%   44.46%   44.06%   43.83%   43.88%
Risk free rate   3.55%   3.46%   3.86%   4.22%   4.15%
Dividend yield   0%   0%   0%   0%   0%
Estimated warrant amount*   262,500,000    49,180,328    63,461,538    13,636,364    279,000,000 
Fair value of warrants  $722,192   $85,296   $116,824   $44,119   $993,779 

 

* Amounts at December 31, 2025 and June 30, 2026 represent the total estimated number of warrants.

The Company valued the derivative liability relating to the embedded conversion features using the Black Scholes Model using the following assumptions on the respective dates of the Debentures:

 

   June 5,
2025		   June 16,
2025		   July 17,
2025		   September 15,
2025		   November 11,
2025		   December 2,
2025		   December 30,
2025		   December 31,
2025		 
Stock price  $0.006   $0.0124   $0.019   $0.0215   $0.0079   $0.0160    0.0178    0.0100 
Estimated exercise price   0.0057    0.0118    0.018    0.0204    0.0075    0.0152    0.0169    0.0095 
Term (years)   2.5    2.5    2.5    2.5    2.5    2.5    2.5    2.5 
Annual volatility   42.06%   42.05%   41.81%   43.53%   43.81%   43.86%   43.82%   43.81%
Risk free rate   3.90%   3.93%   3.89%   3.50%   3.55%   3.54%   3.50%   3.55%
Dividend yield   0%   0%   0%   0%   0%   0%   0%   0%
Estimated warrant amount*   75,000,000    24,193,548    15,789,474    27,906,977    37,974,684    18,750,000    21,067,416    262,500,000 
Fair value of warrants at inception  $128,417   $85,665   $85,213   $173,455   $85,160   $86,267   $107,463   $722,192 

 

*Amount at December 31, 2025 represents the total estimated number of warrants.
Schedule of Convertible Promissory Notes, Net Related Derivative Liability

The Company’s activity in its convertible promissory notes, net related derivative liability was as follows for the period ended June 30, 2026:

 

Balance of derivative liability at January 1, 2025  $
-
 
Grant of warrants   751,640 
Change in fair value of warrant derivative liability   (29,448)
Balance of derivative liability at December 31, 2025  $722,192 
Grant of warrants   246,239 
Change in fair value of warrant derivative liability   25,348 
Balance of derivative liability at June 30, 2026  $993,779 

The Company’s activity in its convertible promissory notes, net related derivative liability was as follows for the year ended December 31, 2025:

 

Balance of derivative liability at January 1, 2025  $
-
 
Grant of warrants   751,640 
Change in fair value of warrant derivative liability   (29,448)
Balance of derivative liability at December 31, 2025  $722,192