v3.26.1
ALLOCATION OF FAIR VALUE IN PRIVATE PLACEMENT (Tables)
3 Months Ended
Mar. 31, 2026
Allocation Of Fair Value In Private Placement  
SCHEDULE OF ALLOCATION OF FAIR VALUE IN PRIVATE PLACEMENT

The allocation was calculated as follows:

 

Component 

Standalone

Fair Value

  

% of Total

Fair Value

  

Allocation of

Proceeds

  

Allocation per

Share/Warrant

 
Common Stock (4,716,000 shares)  $283,381    60.45%  $145,701   $0.0309 
Common Stock (4,716,000 shares)  $283,381    60.45%  $145,701   $0.0309 
Warrants (4,366,667 warrants)   185,430    39.55%   95,339    0.0218 
Total  $468,811    100%  $241,040      
SCHEDULE OF SIGNIFICANT INPUTS OF FAIR VALUE MEASUREMENT

The fair value of the warrants was estimated using the Black-Scholes option-pricing model in accordance with ASC 820-10-35-2 (Fair Value Measurement Framework). The following significant inputs were used in the valuation:

 

Assumption  Value
Expected volatility   119.99%
Expected term   5 years
Risk-free interest rate   3.92%
Expected dividend yield   none
SUMMARY OF WARRANT ACTIVITY

A summary of warrant activity for the quarter ended March 31, 2026 is as follows:

 

  

Number of

Warrants *

  

Weighted

Average

Exercise Price

  

Weighted

Average

Remaining

Expected Term

 
Outstanding as at January 1, 2026   16,675,364   $0.13    4.6 
Granted   4,366,667    0.12    5.0 
Exercised   —    —    — 
Forfeited/Cancelled   —    —    — 
Outstanding as at March 31, 2026   21,042,031   $0.12    4.6