FINANCIAL ASSETS AT FAIR VALUE (Tables)
|
9 Months Ended |
Sep. 30, 2026 |
|---|
| Fair Value Disclosures [Abstract] |
|
| SCHEDULE OF FINANCIAL ASSETS MEASURED AT FAIR VALUE ON A RECURRING BASIS |
Financial
assets measured at fair value on a recurring basis are summarized below and disclosed on the consolidated balance sheet as of September
30, 2026 and December 31, 2025:
SCHEDULE OF FINANCIAL ASSETS MEASURED AT FAIR VALUE ON A RECURRING BASIS
| | |
Fair Value Measurement Using | | |
Amount at | |
| | |
Level 1 | | |
Level 2 | | |
Level 3 | | |
Fair Value | |
| September 30, 2026 | |
| | | |
| | | |
| | | |
| | |
| Assets | |
| | | |
| | | |
| | | |
| | |
| Warrants – SHRG | |
$ | - | | |
$ | 56 | | |
$ | - | | |
$ | 56 | |
| Convertible notes receivable – SHRG | |
| - | | |
| 1,494,183 | | |
| - | | |
| 1,494,183 | |
| Marketable securities - Trading | |
| 67,919 | | |
| - | | |
| | |
| 67,919 | |
| | |
| | | |
| | | |
| | | |
| | |
| Total Investment in securities at Fair Value | |
$ | 67,919 | | |
$ | 1,494,239 | | |
$ | - | | |
$ | 1,562,158 | |
| | |
Fair Value Measurement Using | | |
Amount at | |
| | |
Level 1 | | |
Level 2 | | |
Level 3 | | |
Fair Value | |
| December 31, 2025 | |
| | | |
| | | |
| | | |
| | |
| Assets | |
| | | |
| | | |
| | | |
| | |
| Warrants – SHRG | |
$ | - | | |
$ | 87 | | |
$ | - | | |
$ | 87 | |
| Convertible notes receivable – SHRG | |
| - | | |
| 1,478,419 | | |
| - | | |
| 1,478,419 | |
| Marketable securities - Trading | |
| 84,466 | | |
| - | | |
| - | | |
| 84,466 | |
| | |
| | | |
| | | |
| | | |
| | |
| Total Investment in securities at Fair Value | |
$ | 84,466 | | |
$ | 1,478,506 | | |
$ | - | | |
$ | 1,562,972 | |
|
| SCHEDULE OF FAIR VALUE WEIGHTED AVERAGE ASSUMPTIONS |
The
fair value of the SHRG warrants under level 2 category as of September 30, 2026 and December 31, 2025 were calculated using a binomial
option pricing model valued with the following weighted average assumptions:
SCHEDULE OF FAIR VALUE WEIGHTED AVERAGE ASSUMPTIONS
| | |
September 30, 2026 | | |
December 31, 2025 | |
| WRNT 1 | |
| | | |
| | |
| Stock price | |
$ | 0.023 | | |
$ | 0.023 | |
| Exercise price | |
$ | 1.68 | | |
$ | 1.68 | |
| Risk free interest rate | |
| 4.94 | % | |
| 3.56 | % |
| Annualized volatility | |
| 434.40 | % | |
| 390.99 | % |
| Dividend yield | |
| 0.00 | % | |
| 0.00 | % |
| Year to maturity | |
| 2.46 | | |
| 3.21 | |
| | |
September 30, 2026 | | |
December 31, 2025 | |
| WRNT 2 | |
| | | |
| | |
| Stock price | |
$ | 0.023 | | |
$ | 0.023 | |
| Exercise price | |
$ | 0.85 | | |
$ | 0.85 | |
| Risk free interest rate | |
| 4.71 | % | |
| 3.49 | % |
| Annualized volatility | |
| 434.40 | % | |
| 390.99 | % |
| Dividend yield | |
| 0.00 | % | |
| 0.00 | % |
| Year to maturity | |
| 1.50 | | |
| 2.25 | |
| Warrants measurement input | |
| 1.50 | | |
| 2.25 | |
The
Company has elected to recognize the convertible note 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 notes. The fair value of the
convertible notes 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 | | |
4 | |
| Valuation date | |
September 30, 2026 | | |
September 30, 2026 | | |
September 30, 2026 | | |
September 30, 2026 | |
| Risk-free interest rate | |
| 4.293 | % | |
| 4.370 | % | |
| 4.403 | % | |
| 4.482 | % |
| Credit adjusted risky rate |
|
|
17.720 |
% |
|
|
18.849 |
% |
|
|
18.882 |
% |
|
|
17.776 |
% |
| Expected life | |
| 0.46 year | | |
| 0.61 year | | |
| 0.68 year | | |
| 0.87 year | |
| Discount rate | |
| 6.00 | % | |
| 8.00 | % | |
| 8.00 | % | |
| 8.00 | % |
| Expected volatility | |
| 434.402 | % | |
| 434.402 | % | |
| 434.402 | % | |
| 434.402 | % |
| Expected dividend yield | |
| 0 | % | |
| 0 | % | |
| 0 | % | |
| 0 | % |
| | |
| | | |
| | | |
| | | |
| | |
| Fair value | |
$ | 238,356 | | |
$ | 236,497 | | |
$ | 234,827 | | |
$ | 93,125 | |
| CN# | |
5 | | |
6 | | |
7 | | |
8 | |
| Valuation date | |
September 30, 2026 | | |
September 30, 2026 | | |
September 30, 2026 | | |
September 30, 2026 | |
| Risk-free interest rate | |
| 4.640 | % | |
| 4.713 | % | |
| 4.797 | % | |
| 4.874 | % |
| Credit adjusted risky rate | |
| 16.860 | % | |
| 17.887 | % | |
| 19.748 | % | |
| 18.390 | % |
| Expected life | |
| 1.29 year | | |
| 1.50 year | | |
| 1.74 year | | |
| 1.96 year | |
| Discount rate | |
| 8.00 | % | |
| 8.00 | % | |
| 8.00 | % | |
| 8.00 | % |
| Expected volatility | |
| 434.402 | % | |
| 434.402 | % | |
| 434.402 | % | |
| 434.402 | % |
| Expected dividend yield | |
| 0 | % | |
| 0 | % | |
| 0 | % | |
| 0 | % |
| | |
| | | |
| | | |
| | | |
| | |
| Fair value | |
$ | 152,080 | | |
$ | 132,816 | | |
$ | 51,409 | | |
$ | 60,017 | |
| CN# | |
9 | | |
10 | |
| Valuation date | |
September 30, 2026 | | |
September 30, 2026 | |
| Risk-free interest rate | |
| 4.889 | % | |
| 4.909 | % |
| Credit adjusted risky rate | |
| 18.058 | % | |
| 19.859 | % |
| Expected life | |
| 2.02 year | | |
| 2.19 year | |
| Discount rate | |
| 8.00 | % | |
| 8.00 | % |
| Expected volatility | |
| 434.402 | % | |
| 434.402 | % |
| Expected dividend yield | |
| 0 | % | |
| 0 | % |
| Warrant measurement input | |
| 0 | % | |
| 0 | % |
| | |
| | | |
| | |
| Fair value | |
$ | 171,719 | | |
$ | 123,337 | |
|
| SCHEDULE OF CONVERTIBLE NOTES RECEIVABLE, RELATED PARTY |
During
the nine months ended September 30, 2026 and 2025, the Company held convertible notes receivable with SHRG. The following table shows
the activity of the notes during the nine months ended September 30, 2026 and 2025.
SCHEDULE OF CONVERTIBLE NOTES RECEIVABLE, RELATED PARTY
| | |
December 31, 2025 | | |
Additions | | |
Unrealized Gain | | |
September 30, 2026 | |
| Convertible note receivable, related party at fair value | |
$ | 1,478,419 | | |
$ | - | | |
$ | 15,764 | | |
$ | 1,494,183 | |
| Total | |
$ | 1,478,419 | | |
$ | - | | |
$ | 15,764 | | |
$ | 1,494,183 | |
| | |
December 31, 2024 | | |
Additions | | |
Unrealized Loss | | |
September 30, 2025 | |
| Convertible note receivable, related party at fair value | |
$ | 744,652 | | |
$ | 430,000 | | |
$ | (4,033 | ) | |
$ | 1,170,619 | |
| Total | |
$ | 744,652 | | |
$ | 430,000 | | |
$ | (4,033 | ) | |
$ | 1,170,619 | |
|