v3.26.1
Derivative Liability (Tables)
12 Months Ended
Dec. 31, 2025
Derivative Liability  
Schedule of Derivative Liability

The following table summarizes the activity of the derivative liability for the year ended December 31, 2025:

Schedule of Derivative Liability 

     
Balance, December 31, 2024  $— 
Initial recognition upon grant of shares   3,425,796 
Change in fair value (revaluation gain)   (1,480,990)
Balance, December 31, 2025  $1,944,806 
Schedule of Fair Value of Derivative Liability

The fair value of the derivative liability was estimated using a Monte Carlo simulation model with the following key inputs and assumptions:

 

Schedule of Fair Value of Derivative Liability

   August 22, 2025 (Initial)   December 31, 2025 (Remeasurement) 
Stock price  $2.80   $1.55 
Exercise/threshold ownership percentage   3.6%   3.6%
Expected volatility   238% annualized    280% annualized 
Risk-free interest rate   4.3%   4.3%
Expected term (years)   3    2.7 
Number of simulations   300,000 paths per run    300,000 paths per run