| SCHEDULE OF CHANGE IN FAIR VALUE BY DEBENTURE |
Following
is a summary of the change in fair value by debenture (in thousands):
SCHEDULE OF CHANGE IN FAIR VALUE BY DEBENTURE
| | |
Total Fair Value | |
| Balance December 31, 2024 | |
$ | 38,176 | |
| Debenture issuance at fair value | |
| 1,000 | |
| Change in fair value | |
| 479 | |
| Balance June 30, 2025 | |
$ | 39,655 | |
| | |
Total Fair Value | |
| Balance December 31, 2025 | |
$ | 43,746 | |
| Balance | |
$ | 43,746 | |
| Debenture issuance at fair value | |
| 5,000 | |
| Change in fair value | |
| 3,642 | |
| Balance June 30, 2026 | |
$ | 52,388 | |
| Balance | |
$ | 52,388 | |
|
Fair
Value:
SCHEDULE OF CHANGE IN FAIR VALUE BY DEBENTURE
| | |
Total
Fair Value | |
| Balance December 31, 2023 | |
$ | 33,018 | |
| Debenture issuance at fair value | |
| 1,000 | |
| Change in fair value | |
| 4,158 | |
| Balance December 31, 2024 | |
| 38,176 | |
| Debenture issuance at fair value | |
| 2,000 | |
| Change in fair value | |
| 3,570 | |
| Balance December 31,
2025 | |
$ | 43,746 | |
|
| SCHEDULE OF COMMON STOCK ISSUABLE UPON CONVERSION OF PRINCIPAL AND ACCRETED INTEREST |
Shares
of Common Stock issuable upon conversion of Principal and Accreted Interest are as follows:
SCHEDULE
OF COMMON STOCK ISSUABLE UPON CONVERSION OF PRINCIPAL AND ACCRETED INTEREST
| | |
Total Shares of Common Stock | |
| Balance December 31, 2024 | |
| 6,102,520 | |
| Issuance of debenture | |
| 179,617 | |
| Accreted interest | |
| 446,257 | |
| Balance June 30, 2025 | |
| 6,728,394 | |
| | |
Total Shares of Common Stock | |
| Balance December 31, 2025 | |
| 7,408,376 | |
| Balance | |
| 7,408,376 | |
| Issuance of debenture | |
| 898,085 | |
| Accreted interest | |
| 563,971 | |
| Balance June 30, 2026 | |
| 8,870,432 | |
| Balance | |
$ | 8,870,432 | |
|
Shares
of Common Stock Issuable (upon conversion of principal and accreted interest):
SCHEDULE OF COMMON STOCK ISSUABLE UPON CONVERSION OF PRINCIPAL AND ACCRETED INTEREST
| | |
Total
Shares of Common Stock | |
| Balance December 31, 2023 | |
$ | 5,129,961 | |
| Debenture issuance | |
| 179,617 | |
| Accreted interest | |
| 792,942 | |
| Balance December 31, 2024 | |
| 6,102,520 | |
| Debenture issuance | |
| 359,234 | |
| Accreted interest | |
| 946,622 | |
| Balance December 31,
2025 | |
$ | 7,408,376 | |
|