XML 56 R39.htm IDEA: XBRL DOCUMENT v3.25.1
DERIVATIVE LIABILITIES AND FAIR VALUE MEASUREMENTS (Tables)
12 Months Ended
Dec. 31, 2024
Derivative Liabilities And Fair Value Measurements  
SCHEDULE OF FAIR VALUE ON A RECURRING BASIS IN THE ACCOMPANYING FINANCIAL STATEMENTS

Items recorded or measured at fair value on a recurring basis in the accompanying consolidated financial statements consisted of the following items as of December 31, 2024 and 2023:

 

    

December 31,

2024

    

Quoted Prices

in Active

Markets for Identical Assets

(Level 1)

    

Significant

Other

Observable

Inputs

(Level 2)

    

Significant

Unobservable

Inputs

(Level 3)

 
Derivative liability  $-   $-   $-   $- 

 

     

December 31,

2023

     

Quoted Prices

in Active

Markets for

Identical Assets

(Level 1)

     

Significant

Other

Observable

Inputs

(Level 2)

     

Significant

Unobservable

Inputs

(Level 3)

 
Derivative liability   $ -     $ -     $ -     $ -  
SCHEDULE OF CHANGES IN FAIR VALUE ON THE COMPANY’S LEVEL 3 FINANCIAL LIABILITIES

The following table provides a summary of changes in fair value of the Company’s Level 3 financial liabilities for the two years ended December 31, 2024:

 

Balance, December 31, 2022  $- 
Mark to market to December 31, 2023   - 
Balance, December 31, 2023  $- 
Establishment of derivative liability upon authorized share shortfall   64,951,789 
Gain on change in fair value of derivative liability   (48,314,949)
Settlement of derivative liability upon correction of authorized share shortfall   (16,636,840)
Mark to market to December 31, 2024   - 
Balance, December 31, 2024  $- 
      
Gain on change in derivative liabilities for the year ended December 31, 2024  $48,314,949