Quarterly report [Sections 13 or 15(d)]

CONVERTIBLE NOTES (Tables)

v3.26.1
CONVERTIBLE NOTES (Tables)
 3 Months Ended
Mar. 31, 2026
CONVERTIBLE NOTES  
Schedule of movement of the value

 

 

Boot Capital LLC

 

 

Vanquish Funding Group Inc.

 

 

Labrys Fund II, L.P.

 

 

Total

 

Face amount

 

 $ 113

 

 

 $ 237

 

 

 $ 315

 

 

 $ 665

 

Less: Debt discount at inception

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

OID

 

 

 (13 )

 

 

 (27 )

 

 

 (15 )

 

 

 (55 )

Derivative allocation

 

 

 (46 )

 

 

 (98 )

 

 

 (293 )

 

 

 (437 )

Debt issuance costs

 

 

 -

 

 

 

 (10 )

 

 

 (8 )

 

 

 (18 )

Initial carrying value

 

 

 54

 

 

 

 102

 

 

 

 (1 )

 

 

 155

 

Amortization

 

 

 5

 

 

 

 10

 

 

 

 9

 

 

 

 24

 

Carrying value, March 31, 2026

 

 $ 59

 

 

 $ 112

 

 

 $ 8

 

 

 $ 179

 
Schedule of warrants fair value assumptions to value stock options

 

 

Year Ended December 31,

 

 

 

2025

 

Expected term

 

2.50 years

 

Expected average volatility

 

 

 105 %

Expected dividend yield

 

 

 -

 

Risk-free interest rate

 

 

 3.50 %