XML 44 R35.htm IDEA: XBRL DOCUMENT v3.25.2
Convertible Debt (Tables)
6 Months Ended
Jun. 30, 2025
Convertible Debt [Abstract]  
Schedule of Convertible Debt

The Company’s Convertible Debt includes Convertible Loans entered into in 2017, 2019 and 2020 and a series of Convertible Promissory Notes entered into during 2023 and 2024. Both the Loans and Notes are further detailed as follows:

 

   Juen 30,   December 31, 
   2025   2024 
Convertible loans  $82,149   $72,975 
Convertible promissory notes   400,000    1,021,000 
   $482,149   $1,093,975 
Schedule of Convertible Loan

A continuity of the Company’s Convertible loan is as follows:

 

   2019 and 2020
Convertible
Loans
   2017
Convertible
Loans
 
Balance, Dec 31, 2024  $31,213   $41,762 
Effects of currency translation   3,924    5,250 
Balance, Jun 30, 2025  $35,137   $47,012 
Schedule of Convertible Notes

Changes in the balance of the convertible notes classified as Level 3 fair value measurement are as follows:

 

       Carrying 
       Amount at 
   Face Value   Fair value 
Balance at December 31, 2024  $1,000,000   $1,021,000 
Repayments of convertible promissory notes   (600,000)   (600,000)
Change in fair value of convertible promissory notes   
-
    (21,000)
Balance at June 30, 2025  $400,000   $400,000 
Schedule of Promissory Notes As of December 31, 2024, the Company used a lattice model to value the fair value of the Promissory Notes.
    December 31, 
    2024 
Stock price   1.60 - 4.32 
Expected life in years   0.50 - 0.92 
Risk free rate    4.24% - 5.56% 
Expected volatility   105% - 150%