| Schedule of Fair Value Information on Recurring Basis |
The
following tables present fair value information as of June 30, 2026, and December 31, 2025. The Company’s financial liabilities
that were accounted for at fair value on a recurring basis and indicate the fair value hierarchy of the valuation techniques the Company
utilized to determine such fair value:
| June 30, 2026 | |
Fair Value | | |
(Level 1) | | |
(Level 2) | | |
(Level 3) | |
| Liabilities: | |
| | |
| | |
| | |
| |
| ADI Funding Convertible Note | |
$ | 257,242 | | |
$ | — | | |
$ | — | | |
$ | 257,242 | |
| ClearThink Convertible Note | |
$ | 250,000 | | |
$ | — | | |
$ | — | | |
$ | 250,000 | |
| Vanquish Funding Convertible Note | |
$ | 250,000 | | |
$ | — | | |
$ | — | | |
$ | 250,000 | |
| Common stock issuance obligation | |
$ | 5,918 | | |
$ | 5,918 | | |
$ | — | | |
$ | — | |
| SEPA liability | |
$ | 145,174 | | |
$ | — | | |
$ | — | | |
$ | 145,174 | |
| December 31, 2025 | |
Fair Value | | |
(Level 1) | | |
(Level 2) | | |
(Level 3) | |
| Liabilities: | |
| | |
| | |
| | |
| |
| Quantum Convertible Note, related party | |
$ | 351,307 | | |
$ | — | | |
$ | — | | |
$ | 351,307 | |
| Common stock issuance obligation | |
$ | 18,941 | | |
$ | 18,941 | | |
$ | — | | |
$ | — | |
| May 2025 Convertible Note | |
$ | 361,821 | | |
$ | — | | |
$ | — | | |
$ | 361,821 | |
|
| December 31, 2025 | |
Fair Value | | |
(Level 1) | | |
(Level 2) | | |
(Level 3) | |
| Liabilities: | |
| | |
| | |
| | |
| |
| Quantum Convertible Note, related party | |
$ | 351,307 | | |
$ | — | | |
$ | — | | |
$ | 351,307 | |
| Common stock issuance obligation | |
$ | 18,941 | | |
$ | 18,941 | | |
$ | — | | |
$ | — | |
| May 2025 Convertible Note | |
$ | 361,821 | | |
$ | — | | |
$ | — | | |
$ | 361,821 | |
| December 31, 2024 | |
Fair Value | | |
(Level 1) | | |
(Level 2) | | |
(Level 3) | |
| Liabilities: | |
| | |
| | |
| | |
| |
| Exchange Note | |
$ | 1,499,000 | | |
$ | — | | |
$ | — | | |
$ | 1,499,000 | |
| Equity line of credit | |
$ | 80,000 | | |
$ | — | | |
$ | — | | |
$ | 80,000 | |
| Quantum Convertible Note, related party | |
$ | 3,248,000 | | |
$ | — | | |
$ | — | | |
$ | 3,248,000 | |
| September 2024 Convertible Note | |
$ | 2,094,000 | | |
$ | — | | |
$ | — | | |
$ | 2,094,000 | |
| Common stock issuance obligation | |
$ | 69,621 | | |
$ | 69,621 | | |
$ | — | | |
$ | — | |
|
| Schedule of Changes in the Fair Value of Financial Liabilities |
The
change in the fair value of the Level 3 financial liabilities for the period from December 31, 2025, through June 30, 2026, is summarized
as follows:
| | |
Quantum Convertible Note | | |
May 2025 Convertible Note | | |
ADI Funding Convertible Note | | |
ClearThink Convertible Note | | |
Vanquish Funding Convertible Note | | |
SEPA Liability | | |
Total | |
| Fair value as of December 31, 2025 | |
$ | 351,307 | | |
$ | 361,821 | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | 713,128 | |
| Initial fair value at issuance | |
| — | | |
| — | | |
| 250,000 | | |
| 250,000 | | |
| 250,000 | | |
| 145,174 | | |
| 895,174 | |
| Conversion | |
| (521,721 | ) | |
| (299,348 | ) | |
| — | | |
| — | | |
| — | | |
| — | | |
| (821,069 | ) |
| Interest accrued | |
| 11,243 | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 11,243 | |
| Change in fair value | |
| 159,171 | | |
| (62,473 | ) | |
| 7,242 | | |
| — | | |
| — | | |
| — | | |
| 103,940 | |
| Fair value as of June 30, 2026 | |
$ | — | | |
$ | — | | |
$ | 257,242 | | |
$ | 250,000 | | |
$ | 250,000 | | |
$ | 145,174 | | |
$ | 902,416 | |
The
change in the fair value of the Level 3 financial liabilities for the period from December 31, 2024, through June 30, 2025, is summarized
as follows:
| | |
Quantum | | |
| | |
| | |
September | | |
March 2025 | | |
May 2025 | | |
| |
| | |
Convertible
Note | | |
Exchange
Note | | |
ELOC | | |
Convertible
Note | | |
Convertible
Note | | |
Convertible
Note | | |
Total | |
| Fair value as of December 31, 2024 | |
$ | 3,248,000 | | |
$ | 1,499,000 | | |
$ | 80,000 | | |
$ | 2,094,000 | | |
$ | — | | |
$ | — | | |
$ | 6,921,000 | |
| Initial fair value at issuance | |
| — | | |
| — | | |
| — | | |
| — | | |
| 238,020 | | |
| 342,996 | | |
| 581,016 | |
| Change in fair value | |
| 332,612 | | |
| 986,636 | | |
| (20,157 | ) | |
| 824,875 | | |
| (43,229 | ) | |
| — | | |
| 2,080,737 | |
| Fair value as of June 30, 2025 | |
$ | 3,580,612 | | |
$ | 2,485,636 | | |
$ | 59,843 | | |
$ | 2,918,875 | | |
$ | 194,791 | | |
$ | 342,996 | | |
$ | 9,582,753 | |
|
| | |
Extension
Note
Bifurcated
Derivative | | |
Exchange
Note | | |
Quantum
Convertible
Note | | |
Additional
Bridge
Notes | | |
ELOC | | |
ELOC
Commitment
Fee Note | | |
September
2024
Convertible
Note | | |
Total | |
| Fair
value as of December 31, 2023 | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | |
| Fair
value as of June 24, 2024 | |
| 33,000 | | |
| 6,155,925 | | |
| — | | |
| 466,646 | | |
| 694,512 | | |
| — | | |
| — | | |
| 7,350,083 | |
| Initial
fair value at issuance | |
| — | | |
| — | | |
| 4,618,234 | | |
| — | | |
| — | | |
| 595,000 | | |
| 2,000,000 | | |
| 7,213,234 | |
| Settlement
of Extension Note | |
| (33,000 | ) | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| (33,000 | ) |
| Repayment
on Notes | |
| — | | |
| (61,429 | ) | |
| — | | |
| (52,680 | ) | |
| — | | |
| — | | |
| (38,889 | ) | |
| (152,998 | ) |
| (Gain)
Loss due to extinguishment of debt | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| (5,000 | ) | |
| — | | |
| (5,000 | ) |
| Shares
issued upon conversions of portion of notes | |
| — | | |
| (1,067,740 | ) | |
| — | | |
| (140,417 | ) | |
| — | | |
| (79,500 | ) | |
| — | | |
| (1,287,657 | ) |
| (Gain)
Loss on change in fair value | |
| — | | |
| (3,527,756 | ) | |
| (1,370,234 | ) | |
| (273,549 | ) | |
| (614,512 | ) | |
| (510,500 | ) | |
| 132,889 | | |
| (6,163,662 | ) |
| Fair
value as of December 31, 2024 | |
$ | — | | |
$ | 1,499,000 | | |
$ | 3,248,000 | | |
$ | — | | |
$ | 80,000 | | |
$ | — | | |
$ | 2,094,000 | | |
$ | 6,921,000 | |
| | |
Quantum | | |
| | |
| | |
September
2024 | | |
March
2025 | | |
May
2025 | | |
| |
| | |
Convertible
Note | | |
Exchange
Note | | |
ELOC | | |
Convertible
Note | | |
Convertible
Note | | |
Convertible
Note | | |
Total | |
| Fair value as of December 31, 2024 | |
$ | 3,248,000 | | |
$ | 1,499,000 | | |
$ | 80,000 | | |
$ | 2,094,000 | | |
$ | — | | |
$ | — | | |
$ | 6,921,000 | |
| Initial fair value at issuance | |
| — | | |
| — | | |
| — | | |
| — | | |
| 108,696 | | |
| 216,871 | | |
| 325,567 | |
| Conversion | |
| (4,936,550 | ) | |
| (1,739,840 | ) | |
| — | | |
| (3,732,827 | ) | |
| (303,053 | ) | |
| — | | |
| (10,712,270 | ) |
| Additions to principal | |
| 380,000 | | |
| — | | |
| — | | |
| — | | |
| — | | |
| 62,500 | | |
| 442,500 | |
| Interest accrued | |
| 1,197,203 | | |
| 222,189 | | |
| — | | |
| 629,592 | | |
| 23,350 | | |
| 17,341 | | |
| 2,089,675 | |
| Issuance discount | |
| — | | |
| — | | |
| — | | |
| — | | |
| (8,696 | ) | |
| — | | |
| (8,696 | ) |
| Repayment on notes | |
| — | | |
| — | | |
| — | | |
| (77,778 | ) | |
| — | | |
| — | | |
| (77,778 | ) |
| Write-off | |
| — | | |
| — | | |
| (80,000 | ) | |
| — | | |
| — | | |
| — | | |
| (80,000 | ) |
| Gain on change in fair value / extinguishment of debt | |
| 462,654 | | |
| 18,651 | | |
| — | | |
| 1,087,013 | | |
| 179,703 | | |
| 65,109 | | |
| 1,813,130 | |
| Fair value as of December 31, 2025 | |
$ | 351,307 | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | — | | |
$ | 361,821 | | |
$ | 713,128 | |
|