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Warrant Liabilities (Tables) | 12 Months Ended
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Dec. 31, 2024
Warrant liabilities [Abstract] |
Schedule of Fair Value of the Warrant Liabilities | The fair value of the warrant liabilities presented below were measured using a BSM valuation methodology. Significant inputs into the respective model at the inception, de-recognition and reporting period measurement dates are summarized as follows:
|  |  |  |  | Period Ended |  |  | Expiration Date |
Valuation Assumption |  | Issuance Date |  |  | Jun 6, 2024 |  |  | Nov 2, 2028 |
Exercise Price |  | 0.207 |  |  | 0.207 |  |  | 0.207 |
Warrant Expiration date |  | Nov 2, 2028 |  |  | Nov 2, 2028 |  |  | Nov 2, 2028 |
Stock Price |  | 0.13 |  |  | 0.11 |  |  | - |
Interest Rate (Annual) |  | 4.65% |  |  | 4.29% |  |  | - |
Volatility (Annual) |  | 100.54% |  |  | 159.04% |  |  | - |
Time to Maturity (Years) |  | 5 |  |  | 4.41 |  |  | Expired |
Calculated Value per Share |  | 0.09 |  |  | 0.10 |  |  | - |
The fair value of the warrant liabilities presented below were measured using a BSM valuation model. Significant inputs into the respective model at the inception and reporting period measurement dates are summarized as follows:
|  |  |  |  | Period Ended |  |  | Expiration Date |
Valuation Assumption |  | Issuance Date |  |  | July 9, 2024 |  |  | Nov 2, 2028 |
Exercise Price |  | 0.276 |  |  | 0.276 |  |  | 0.276 |
Warrant Expiration date |  | Feb 2, 2029 |  |  | Feb 2, 2029 |  |  | Feb 2, 2029 |
Stock Price |  | 0.18 |  |  | 0.10 |  |  | - |
Interest Rate (Annual) |  | 3.99% |  |  | 4.24% |  |  | - |
Volatility (Annual) |  | 152.48% |  |  | 158.8% |  |  | - |
Time to Maturity (Years) |  | 5 |  |  | 4.57 |  |  | Expired |
Calculated Value per Share |  | 0.16 |  |  | 0.09 |  |  | - |
Schedule of Warrant liabilities Fair value at Initial Measurement |
Warrant liabilities Fair value at initial measurement |  | Warrant outstanding |  |  | Fair value per share |  |  | Fair value |
|  |  |  |  |  |  | $ |  |  |  | $ |
November 2, 2023 |  |  | *699,838 |  |  |  | 4.50 |  |  | $ | 3,235,357 |
Loss on change of fair value of warrant liabilities |  |  | - |  |  |  | - |  |  |  | 1,736,512 |
Fair value as of period ended Dec 31, 2023 |  |  | 699,838 |  |  |  | 7.1043 |  |  |  | 4,971,869 |
Gain on change of fair value of warrant liabilities |  |  |  |  |  |  |  |  |  |  | (1,602,503 | )
Fair value of period ended June 6, 2024 Cashless exercise of 489,880 |  |  | 699,838 |  |  |  | 4.814 |  |  |  | 3,369,366 |
At reporting date on June 30, 2024 de-recognition of 699,838 |  |  | (699,838 | ) |  |  | 4.814 |  |  |  | (3,369,366 | )
Fair value for the period ended June 30, 2024 |  |  |  |  |  |  |  |  |  |  | - |
* | All shares and per share data have been retroactively restated to reflect reverse stock split effected on April 12, 2024 onwards
Warrant liabilities Fair value at initial measurement |  | Warrant outstanding |  |  | Fair value per share |  |  | Fair value |
February 2, 2024 |  |  | *1,399,675 |  |  | $ | 8.12 |  |  | $ | 11,367,911 |
Loss on change of fair value of warrant liabilities |  |  | - |  |  |  | - |  |  |  | (5,036,413 | )
De-recognition due to cashless exercise on July 9, 2024 |  |  | (1,399,675 | ) |  |  | 4.52 |  |  |  | (6,331,498 | )
Fair value as of period ended December 31, 2024 |  |  |  |  |  |  |  |  |  |  | 0 |
* | All shares and per share data have been retroactively restated to reflect reverse stock split effected on April 12, 2024, onwards

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- Definition Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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