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FAIR VALUE
 9 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
FAIR VALUE

NOTE 12 – FAIR VALUE

 

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 nine months ended September 30, 2025, and 2024.

 

The following table presents changes in Level 3 asset and liability measured at fair value for the nine months ended September 30, 2025:

 

   Warrants Liability 
Balance – December 31, 2024  $- 
Issuance – warrant liability   8,343 
Fair Value adjustments – warrant liability   (4,613)
Balance – September 30, 2025  $3,730 

 

 

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:

 

   Level I   Level II   Level III   Total 
   Fair Value Measurements as of September 30, 2025 
   Level I   Level II   Level III   Total 
Warrant liability  $-    -    3,730    3,730