| SCHEDULE OF CHANGES IN FAIR VALUE OF COMPANY'S LEVEL 3 FINANCIAL INSTRUMENTS |
Changes
in the fair value of the Company’s financial instruments for the three months ended March 31, 2025 and 2024 were as follows:
SCHEDULE OF CHANGES IN FAIR VALUE OF COMPANY'S LEVEL 3 FINANCIAL INSTRUMENTS
| |
|
Level 1 |
|
|
Level 3 |
|
|
Level 3 |
|
|
|
|
| |
|
IPO and Rep Warrants
|
|
|
Debenture Warrants
|
|
|
Debenture Convertible Feature
|
|
|
Total |
|
| Balance at January 1, 2025 |
|
$ |
21 |
|
|
$ |
191,880 |
|
|
$ |
293,762 |
|
|
$ |
485,663 |
|
| Additions |
|
|
- |
|
|
|
4,150,660 |
|
|
|
1,183,000 |
|
|
|
5,333,660 |
|
| Conversions |
|
|
- |
|
|
|
- |
|
|
|
(74,186 |
) |
|
|
(74,186 |
) |
| Change in fair value |
|
|
|
|
|
|
(2,560,523 |
) |
|
|
(416,388 |
) |
|
|
(2,976,911 |
) |
| Effect of exchange rate changes |
|
|
1 |
|
|
|
5,475 |
|
|
|
1,583 |
|
|
|
7,059 |
|
| Balance at March 31, 2025 |
|
$ |
22 |
|
|
$ |
1,787,492 |
|
|
$ |
987,771 |
|
|
$ |
2,775,285 |
|
| |
|
Level 1 |
|
|
Level 3 |
|
|
Level 3 |
|
|
|
|
| |
|
Equity Warrants
|
|
|
Debenture Warrants
|
|
|
Debenture Convertible Feature
|
|
|
Total |
|
| Balance at January 1, 2024 |
|
$ |
11,308 |
|
|
$ |
955,000 |
|
|
$ |
1,724,000 |
|
|
$ |
2,690,308 |
|
| Balance |
|
$ |
11,308 |
|
|
$ |
955,000 |
|
|
$ |
1,724,000 |
|
|
$ |
2,690,308 |
|
| Additions |
|
|
- |
|
|
|
564,000 |
|
|
|
359,000 |
|
|
|
923,000 |
|
| Conversions |
|
|
- |
|
|
|
- |
|
|
|
(630,106 |
) |
|
|
(630,106 |
) |
| Change in fair value |
|
|
17,273 |
|
|
|
(736,181 |
) |
|
|
742,677 |
|
|
|
23,769 |
|
| Effect of exchange rate changes |
|
|
(285 |
) |
|
|
(23,819 |
) |
|
|
(43,571 |
) |
|
|
(67,675 |
) |
| Balance at March 31, 2024 |
|
$ |
28,296 |
|
|
$ |
759,000 |
|
|
$ |
2,152,000 |
|
|
$ |
2,939,296 |
|
| Balance |
|
$ |
28,296 |
|
|
$ |
759,000 |
|
|
$ |
2,152,000 |
|
|
$ |
2,939,296 |
|
|