XML 28 R17.htm IDEA: XBRL DOCUMENT
v3.25.1

OTHER ASSETS | 3 Months Ended
--- | ---
Mar. 31, 2025
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
OTHER ASSETS | NOTE 11 – OTHER ASSETS On April 9, 2020, pursuant to a licensing agreement entered into in March 2020, the Company received 10-year warrants to purchase 127,000 shares of Sanuwave Health, Inc. at a price of $0.19 per share. The fair value for warrants received is estimated at the date of grant using a Black-Scholes-Merton pricing model with the following underlying assumptions: SCHEDULE OF WARRANTS ASSUMPTIONS
|  | March 31, 2025 |  |  | March 31, 2024 |
Price at valuation |  | $ | - |  |  | $ | 0.02 |
Exercise price |  | $ | - |  |  | $ | 0.19 |
Risk free interest |  |  | - |  |  |  | 4.20 | %
Expected term (in years) |  |  | - |  |  |  | 6 |
Volatility |  |  | - |  |  |  | 125.4 | %
The Company considers this to be Level 3 inputs and is valued at each reporting period. As of September 12, 2024, the company terminated the licensing agreement with Sanuwave and recognized $3,000 in gain/loss of termination of investment, offset by change in fair value through the date of termination of $1,000. The fair value of these warrants for the three months ended March 31, 2025, and 2024 was $0 and $1,000, respectively. There was a net $0 and $1,000 change in fair value during the three months ended March 31, 2025, and 2024, respectively. Financial Liabilities Measured at Fair Value on a Recurring Basis The fair value accounting standards define fair value as the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is determined based upon assumptions that market participants would use in pricing an asset or liability. Fair value measurements are rated on a three-tier hierarchy as follows:
● | Level 1 inputs: Quoted prices (unadjusted) for identical assets or liabilities in active markets;
● | Level 2 inputs: Inputs, other than quoted prices included in Level 1, that are observable either directly or indirectly; and
● | Level 3 inputs: Unobservable inputs for which there is little or no market data, which require the reporting entity to develop its own assumptions.
There were no transfers between Level 3 during the three months ended March 31, 2025, and 2024. The following table presents changes in Level 3 asset and liability measured at fair value for the three months ended March 31, 2025 and 2024: SCHEDULE OF CHANGES IN LEVEL 3 AND LIABILITY MEASURED AT FAIR VALUE
|  | Asset |
Balance – December 31, 2023 |  | $ | 1,000 |
Fair value adjustments – Sanuwave warrants |  |  | 1,000 |
Balance – March 31, 2024 |  | $ | 2,000 |
Balance – December 31, 2024 |  |  | - |
Fair value adjustments – Sanuwave warrants |  |  | - |
Balance – March 31, 2025 |  | $ | - |
The following table sets forth the Company’s assets and liabilities which are measured at fair value on a recurring basis by level within the fair value hierarchy: SCHEDULE OF ASSETS AND LIABILITIES MEASURED AT FAIR VALUE
|  | Level I |  |  | Level II |  |  | Level III |  |  | Total |
|  | Fair Value Measurements as of March 31, 2025 |
|  | Level I |  |  | Level II |  |  | Level III |  |  | Total |
Asset: |  |  |  |  |  |  |  |  |  |  | - |  |  |  | - |
Other assets |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
|  | Level I |  |  | Level II |  |  | Level III |  |  | Total |
|  | Fair Value Measurements as of March 31, 2024 |
|  | Level I |  |  | Level II |  |  | Level III |  |  | Total |
Asset: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other assets |  | $ | - |  |  | $ | - |  |  | $ | 1,000 |  |  | $ | 1,000 |

X
- References No definition available. + Details
Name: | us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for other assets. This disclosure includes other current assets and other noncurrent assets. + References No definition available. + Details
Name: | us-gaap_OtherAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration