Convertible Notes Payables (Tables)
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6 Months Ended |
12 Months Ended |
Jun. 30, 2026 |
Dec. 31, 2025 |
| Convertible Notes Payables [Abstract] |
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| Schedule of Assumptions Used to Value Convertible Notes |
The key assumptions used to value the convertible notes as of June 30, 2026 and the issuance dates were: | | | June 30, | | | November 12,
2025 | | | September 3,
2025 | | | | | 2026 | | | (issuance) | | | (issuance) | | | Stock Price | | $ | .28 | | | $ | 5.92 | | | $ | 9.66 | | | Equity Volatility | | | 90%-95 | % | | | 60 | % | | | 65 | % | | Discount Rate | | | 27 | % | | | 20 | % | | | 20 | % | | Risk free rate of return | | | 3.76-3.90 | % | | | 3.73 | % | | | 3.62 | % | | Term to maturity (years) | | | 0.18 – 0.37 | | | | 1.0 | | | | 1.0 | | The key assumptions used to value the convertible notes as of June 30, 2026 and the issuance dates were: | | | June 30, | | | January 23,
2026 | | | | | 2026 | | | (issuance) | | | Stock Price | | $ | .28 | | | $ | 4.13 | | | Equity Volatility | | | 100 | % | | | 110 | % | | Discount Rate | | | 26.68 | % | | | 25 | % | | Risk free rate of return | | | 3.97 | % | | | 3.50 | % | | Term to maturity (years) | | | 0.56 | | | | 1.0 | |
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The key inputs of the models used to value the June and July Notes were: | | | July 12,
2025 | | | June 12,
2025 | | | | | (issuance) | | | (issuance) | | | Stock Price | | $ | 21.43 | | | $ | 10.0 | | | Volatility | | | 45 | % | | | 45 | % | | Discount Rate | | | 40 | % | | | 40 | % | | Risk free rate of return | | | 4.32 | % | | | 4.20 | % | | Term to maturity (years) | | | 0.4 | | | | 0.12 | | The key assumptions used to value the convertible notes as of December 31, 2025 and issuance dates: | | | December 31, | | | November , 2025 | | | September 3,
2025 | | | | | 2025 | | | (issuance) | | | (issuance) | | | Stock Price | | $ | 1.92 | | | $ | 5.92 | | | $ | 9.66 | | | Equity Volatility | | | 70 | % | | | 60 | % | | | 65 | % | | Discount Rate | | | 20 | % | | | 20 | % | | | 20 | % | | Risk free rate of return | | | 3.48 - 3.52 | % | | | 3.73 | % | | | 3.62 | % | | Term to maturity (years) | | | 0.68 - 0.87 | | | | 1.0 | | | | 1.0 | |
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| Schedule of Changes in the Convertible Notes and Drawdown Loan Facilities Measured Using Significant Unobservable Inputs |
The following table presents changes in the convertible notes and drawdown loan facilities measured using significant unobservable inputs (Level 3) for the six months ended June 30, 2026:
| | | Convertible Notes | | | Convertible notes and loans balance at December 31, 2025 | | $ | 3,468,563 | | | Proceeds from issuance | | | 4,900,000 | | | Repayment of principal in cash | | | (182,251 | ) | | Principal settled in ordinary shares | | | (4,267,498 | ) | | Fair value of warrants | | | (149,695 | ) | | Debt issuance costs | | | (5,000 | ) | | Loss on extinguishment | | | 367,874 | | | | | | | | | Change in fair value | | | 1,026,114 | | | Convertible notes and loans balance at June 30, 2026 | | $ | 5,158,107 | |
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The change in the fair value of the June and July Notes measured using Level 3 inputs is summarized as follow: | | | June and
July 2025
Notes | | | Convertible Notes balance at December 31, 2024 | | | - | | | Proceeds from issuance | | $ | 2,614,318 | | | Change in fair value | | | 1,568,489 | | | Conversion of notes | | | (4,182,807 | ) | | Convertible Notes balance at December 31, 2025 | | $ | - | | The following table presents changes of the convertible notes with significant unobservable inputs (Level 3) for the year ended December 31, 2025: | | | Convertible Notes | | | Convertible Notes balance at December 31, 2024 | | | - | | | Proceeds from issuance | | $ | 5,000,000 | | | Fair value of Warrants | | | (799,888 | ) | | Repayment of notes | | | (857,020 | ) | | Change in fair value | | | 125,471 | | | Convertible Notes balance at December 31, 2025 | | $ | 3,468,563 | |
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| Schedule of Convertible Notes Payables |
The following table summarizes convertible notes payable at June 30, 2026 and December 31, 2025: | | | June 30,
2026 | | | December 31,
2025 | | | | | | | | | | | Senior Convertible Notes and drawdown loan facilities | | $ | 3,791,747 | | | $ | 3,468,563 | | | January Notes | | | 1,366,360 | | | | | | | | | $ | 5,158,107 | | | $ | 3,468,563 | |
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The following table summarizes the Convertible Notes Payables at December 31, 2025 and 2024: | | | December 31,
2025 | | | December 31,
2024 | | | The June 2024 Notes | | $ | - | | | $ | 2,472,848 | | | Senior Convertible Notes | | | 3,468,563 | | | | - | | | | | $ | 3,468,563 | | | $ | 2,472,848 | |
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