v3.26.3
RELATED PARTY BALANCES AND TRANSACTIONS (Tables)
9 Months Ended
Sep. 30, 2026
Related Party Transactions [Abstract]  
SCHEDULE OF CONVERTIBLE PROMISSORY NOTE RECEIVABLE ASSETS MEASURED AT FAIR VALUE ON A RECURRING BASIS

Convertible promissory note receivable - related party measured at fair value on a recurring basis are summarized below and disclosed on the consolidated balance sheets as of September 30, 2026 and December 31, 2025:

 

   Level 1   Level 2   Level 3   Fair Value 
   Fair Value Measurement Using   Amount at 
   Level 1   Level 2   Level 3   Fair Value 
September 30, 2026                    
Assets                    
Convertible loans receivable – VEII  $-   $394,049   $-   $394,049 
                     
Total convertible promissory note receivable - related party at Fair Value  $-   $394,049   $-   $394,049 

 

   Level 1   Level 2   Level 3   Fair Value 
   Fair Value Measurement Using   Amount at 
   Level 1   Level 2   Level 3   Fair Value 
December 31, 2025                    
Assets                    
Convertible loans receivable – VEII  $-   $489,418   $-   $489,418 
                     
Total convertible promissory note receivable - related party at Fair Value  $-   $489,418   $-   $489,418 
SCHEDULE OF FAIR VALUE OF CONVERTIBLE LOANS USING BINOMIAL TREE MODEL

The Company has elected to recognize the convertible loan at fair value and therefore there was no further evaluation of embedded features for bifurcation. The Company engaged third party valuation firm to perform the valuation of convertible loans. The fair value of the convertible loans is calculated using the binomial tree model based on probability of remaining as straight debt using discounted cash flow with the following assumptions:

 

CN#   1    2    3 
Valuation date   

September 30,

2026

    

September 30,

2026

    

September 30,

2026

 
Risk-free interest rate   4.677%   4.051%   4.449%
Credit adjusted risky rate   

61.069

%   17.630%   19.272%
Expected life   1.40 year    0.21 year    0.79 year 
Discount rate   8.00%   8.00%   8.00%
Expected volatility   303.692%   303.692%   303.692%
Expected dividend yield   0%   0%   0%
                
Fair value  $15,967   $369,586   $8,496 

 

 

CN#   1    2    3 
Valuation date   

December 31,

2025

    

December 31,

2025

    

December 31,

2025

 
Risk-free interest rate   3.598%   3.608%   3.472%
Credit adjusted risky rate   59.990%   15.781%   14.968%
Expected life   0.12 year     0.95 year     1.54 year  
Discount rate   8.00%   8.00%   8.00%
Expected volatility   245.887%   245.887%   245.887%
Expected dividend yield   0%   0%   0%
                
Fair value  $10,860   $377,925   $100,633 

SCHEDULE OF CONVERTIBLE NOTES RECEIVABLE

  

December 31,

2025

   Additions   Unrealized Loss  

September 30,

2026

 
Convertible notes receivable, related party  $489,418   $-   $(95,369)  $394,049 
Total  $489,418   $-   $(95,369)  $394,049 

 

  

December 31,

2024

   Additions   Unrealized Loss  

September 30,

2025

 
Convertible notes receivable, related party  $569,630   $-   $(34,683)  $534,947 
Total  $569,630   $-   $(34,683)  $534,947