| SCHEDULE OF WARRANTS ACTIVITY |
SCHEDULE OF WARRANTS ACTIVITY
Table 16.1: Details of Warrants
| | |
Number of Warrants | | |
Weighted Average Exercise Price | |
Weighted Average Life (years) |
| Outstanding warrants, December 31, 2024 | |
| 315,028 | | |
$ | 20.64 | |
|
3.0 |
| Granted | |
| 869,992 | | |
| 164.96 | |
|
4.7 |
| Replacement of old warrants | |
| (315,028 | ) | |
| 20.64 | |
|
2.9 |
| Exercised | |
| (234,831 | ) | |
| 14.27 | |
|
4.3 |
| Outstanding warrants, March 31, 2025 | |
| 635,161 | | |
| 220.67 | |
|
4.7 |
| Issued - Prefunded (equity line) | |
| 150,000 | | |
| - | |
|
1.0 |
| Exercised - Prefunded (equity line) | |
| (83,333 | ) | |
| - | |
|
1.0 |
| Exercised | |
| (23,633 | ) | |
| 15.00 | |
|
5.0 |
| Outstanding warrants, June 30, 2025 | |
| 678,195 | | |
| 206.15 | |
|
4.8 |
| Exercised - Prefunded (equity line) | |
| (66,667 | ) | |
| - | |
|
1.0 |
| Outstanding warrants, September 30, 2025 | |
| 611,528 | | |
| 228.62 | |
|
4.8 |
| Exercisable warrants, September 30, 2025 | |
| 611,528 | | |
$ | 228.62 | |
|
4.8 |
|
A
summary of activity for all warrants during the year ended December 31, 2024 and 2023 follows:
SCHEDULE OF WARRANTS ACTIVITY
| | |
| | |
| | |
| |
| | |
Number of | | |
Weighted Average | | |
Weighted
Average | |
| | |
shares | | |
Exercise Price | | |
Life (years) | |
| Outstanding, December 31, 2022 | |
| 3,450,840 | | |
$ | 1.01 | | |
| 3.69 | |
| Granted | |
| 4,000,000 | | |
| 0.50 | | |
| 5.00 | |
| Exercised | |
| - | | |
| - | | |
| - | |
| Expired | |
| - | | |
| - | | |
| - | |
| Outstanding, December 31, 2023 | |
| 7,450,840 | | |
$ | 0.74 | | |
| 3.71 | |
| Granted | |
| 2,000,000 | | |
| 0.50 | | |
| 5.00 | |
| Exercised | |
| - | | |
| - | | |
| - | |
| Expired | |
| - | | |
| - | | |
| - | |
| Outstanding, December 31, 2024 | |
| 9,450,840 | | |
$ | 0.69 | | |
| 3.04 | |
| | |
| | | |
| | | |
| | |
| Exercisable, December 31, 2024 | |
| 9,450,840 | | |
$ | 0.69 | | |
| 3.04 | |
|
| SCHEDULE OF COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION |
SCHEDULE OF COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION
Table 16.2: Details of Common Stock Subject to Possible Redemption
| | |
Number of
Shares | | |
Amount | |
| Common stock subject to possible redemption as of December 31, 2024 | |
| 5,796 | | |
$ | 1,917,309 | |
| Less: | |
| | | |
| | |
| Redemption | |
| (3,163 | ) | |
| (1,001,216 | ) |
| Release of common stock subject to redemption | |
| (2,633 | ) | |
| (916,093 | ) |
| Common stock subject to possible redemption as of September 30, 2025 | |
| - | | |
$ | - | |
|
As of December 31, 2024 and 2023, the value of common
stock subject to possible redemption reflected on the balance sheet is reconciled on the following table:
SCHEDULE
OF COMMON STOCK SUBJECT TO POSSIBLE REDEMPTION
| Common stock subject to possible redemption as of December 31, 2022 | |
| 117,299,975 | |
| Less: | |
| | |
| Redemption | |
| (114,329,594 | ) |
| Add: | |
| | |
| Accretion of carrying value to redemption value | |
| 337,983 | |
| Common stock subject to possible redemption as of December 31, 2023 | |
$ | 3,308,364 | |
| Less: | |
| | |
| Redemption | |
| (1,403,558 | ) |
| Add: | |
| | |
| Increase of carrying value to redemption value due to change in tax | |
| 12,503 | |
| Common stock subject to possible redemption as of December 31, 2024 | |
$ | 1,917,309 | |
|