v3.26.1
Derivative liabilities (Tables)
12 Months Ended
Dec. 31, 2025
Notes and other explanatory information [abstract]  
Schedule of changes in fair value of derivative liabilities

Changes in the fair value of the derivative liabilities for the year ended December 31, 2025 and 2024 are summarized as follows:

Schedule of changes in fair value of derivative liabilities

 

   December 31, 2025   December 31, 2024 
Balance, beginning of year  $1,121   $491 
Settlements   (90,417)   - 
Change in fair value   97,408    630 
Balance, end of year  $8,112   $1,121 
Schedule of fair value of the derivative liabilities

The fair value of the derivative liabilities was estimated using the Black-Scholes Option Pricing Model with the following weighted average assumptions:

Schedule of fair value of the derivative liabilities 

 

   December 31, 2025   December 31, 2024 
Stock price  $12.07   $0.91 
Exercise price   $ 0.86 - $ 1.77    $ 0.52 - $1.22 
Expected life   0.83 yrs    0.43 - 1.83 yrs 
Risk-free interest rate   2.58%   2.93%
Expected volatility   89.07%   53.23%
Expected dividends   nil    nil