CONVERTIBLE PROMISSORY NOTE AND WARRANT (Tables)

9 Months Ended

Sep. 30, 2025

CONVERTIBLE PROMISSORY NOTE AND WARRANT [Abstract]

Movement of Note

The movement of Note during the nine months ended September 30, 2025 and 2024 were as follows:

	Liability component
As of December 31, 2023	$	9,956,000
Convertible promissory notes issued during the period		-
Redemption of convertible promissory notes		-
Fair value change recognized		(4,000	)
As of September 30, 2024 (Unaudited)	$	9,952,000
As of December 31, 2024		9,952,000
Convertible promissory notes issued during the period		-
Note amendment		1,756,137
Exercise		(3,606,554	)
Fair value change recognized		(635,583	)
As of September 30, 2025 (Unaudited)	$	7,466,000

Movement of Warrants

The movement of warrants during the nine months ended September 30, 2025 and 2024 were as follows:

	Investor warrants component						Placement agent warrants component
	Shares			Amount			Shares		Amount
As of December 31, 2023		873,810		$	12,189,508			247,333	$	3,456,578
Exercise of warrants		(3,583	)		(49,986	)		-		-
Fair value change recognized		-			1,719			-		474
As of September 30, 2024 (Unaudited)		870,227		$	12,141,241			247,333	$	3,457,052
As of December 31, 2024		870,227		$	12,137,087			247,333	$	3,455,829
Exercise of warrants		(870,227	)		(12,487,838	)		-		-
Fair value change recognized		-			350,751			-		1,084
As of September 30, 2025 (Unaudited)		-		$	-			247,333	$	3,456,913

Convertible Promissory Note [Member]

CONVERTIBLE PROMISSORY NOTE AND WARRANT [Abstract]

Fair Value Assumptions

We determined the fair value by using the following key inputs to the Monte Carlo Simulation Model

Fair Value Assumptions - Convertible Promissory Note	September 30, 2025 (Unaudited)			December 31, 2024
Face value principal payable	$	6,346,827		$	9,953,381
Original conversion price	$	1.2375 per share		$	1.2375 per share
Interest Rate		8.00	%		8.00	%
Expected term (years)		0.30			1.05
Volatility		50.17	%		59.62	%
Market yield (range)		11.57	%		9.24	%
Risk free rate		3.85	%		4.33	%
Issue date	July 20, 2022			July 20, 2022
Maturity date	January 19, 2026			January 19, 2026

Warrant [Member]

CONVERTIBLE PROMISSORY NOTE AND WARRANT [Abstract]

Fair Value Assumptions

The fair value for these two warrants were computed using the Binomial model with the following assumptions:

Fair Value Assumptions – Warrants	September 30, 2025 (Unaudited)			December 31, 2024
Expected term (years)		1.80			2.55
Volatility		60.91	%		62.78	%
Risk free rate		3.63	%		4.32	%
Expected expiry date	July 19, 2027			July 19, 2027