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WARRANTS
9 Months Ended
Sep. 30, 2025
Warrants  
WARRANTS

NOTE 12 – WARRANTS

 

On May 1, 2024, the Company issued a Warrant Subscription Agreement is for 200 warrants (post-split), exercisable within one year of the execution date of the agreement at a price of $500 (post-split).

 

The assumptions used to determine the fair value of the Warrants as follows:

  

Expected life (years)   1.00 
Risk-free interest rate   5.21%
Expected volatility   353.02%
Dividend yield   0%

 

 

On October 9, 2024, the Company authorized the issuance of up to $500,000 in non-convertible promissory notes with the attached warrants. Purchasers of the notes were issued 11 warrants (post split) to purchase common stock. The warrants shall be exercisable at a price of $500 per share (post-split) and shall expire two years after the issuance date.

 

The assumptions used to determine the fair value of the Warrants as follows:

 

      
Expected life (years)   2.00 
Risk-free interest rate   3.95%
Expected volatility   323.21%
Dividend yield   0%

  

Number of

Warrants

  

Weighted

Average

Exercise Price

  

Weighted

Average

Remaining

Contract

Term

  

Intrinsic

Value

 
Outstanding, December 31, 2023      $       $ 
Issued   211   $500    .50     
Expired      $         
Exercised      $         
Outstanding, December 31, 2024   211   $500    .41   $ 
Issued      $         
Expired   (200)  $         
Exercised      $         
Outstanding, September 30, 2025   11   $500    1.11   $