v3.26.3
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Measurements [Abstract]  
Schedule of Financial Liabilities Measured at Fair Value

The following tables sets forth the fair value of the Company’s financial liabilities measured at fair value, based on the three-tier fair value hierarchy:

 

    June 30, 2026  
    Level 1     Level 2     Level 3     Total  
Liabilities                        
Convertible notes payable   $ -     $         -     $ 513,731     $ 513,731  
Other current liabilities     1,050       -       -       1,050  
    $ 1,050     $ -     $ 513,731     $ 514,781  

 

    December 31, 2025  
    Level 1     Level 2     Level 3     Total  
Liabilities                        
Convertible notes payable   $ -     $          -     $ 779,960     $ 779,960  
Other current liabilities     646,600       -       105,040       751,640  
    $ 646,600     $ -     $ 885,000     $ 1,531,600  
Schedule of Significant Unobservable Inputs

The following significant unobservable inputs were used in the fair value measurement of the convertible notes payable:

 

    June 30,
2026
 
Significant Unobservable Input of Level 3 Instruments   Weighted Average  
Probabilities of default     66 %
Probabilities of held to maturity     34 %
Terms (in years)     1.0  
Interest rate     12 %
    December 31,
2025
 
Significant Unobservable Input of Level 3 Instruments   Weighted Average  
Probabilities of conversion     50 %
Probabilities of default     50 %
Probabilities of held to maturity     0 %
Terms (in years)     1.0  
Discount rate     25.8 %
Interest rate     12 %
Schedule of Reconciliation of the Estimated Fair Value

The following table provides a reconciliation of the estimated fair value of the convertible notes payable and other current liabilities in level 3 for the six months ended June 30, 2026:

 

Balance at December 31, 2025   $ 885,000  
Issuance of convertible notes payable     131,500  
Repayments of convertible notes payable     (70,000 )
Fair value adjustment for other current liabilities     15,860  
Issuance of common stock, to satisfy other current liabilities     (120,900 )
Convertible notes payable converted into equity     (163,841 )
Fair value adjustment for convertible notes payable     (163,888 )
Balance at June 30, 2026   $ 513,731