XML 34 R23.htm IDEA: XBRL DOCUMENT
v3.25.2

WARRANTS | 6 Months Ended
--- | ---
Jun. 30, 2025
Warrants |
WARRANTS | NOTE 14 – WARRANTS The table below summarizes the Company’s warrant activities for the first six months of 2025: SUMMARY OF WARRANT ACTIVITY
|  | Number of Ordinary Shares |  |  | Number of Series A, B, C, D |  |  | Number of Series Seed |  |  | Exercise Price |  |  | Weighted Average |
|  | Warrants |  |  | Warrants |  |  | Shares |  |  | Range |  |  | Exercise |
|  | (*) |  |  | (*) |  |  | Warrants |  |  | Per Share |  |  | Price |
Balance at December 31, 2024 |  |  | 4,185,112 |  |  |  | 133 |  |  |  | 4,165 |  |  | $ | 2.17 to $ 86,713.38 |  |  | $ | 2.30 |
Granted |  |  | - |  |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |
Forfeited |  |  | - |  |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |
Converted |  |  | - |  |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |
Exercised |  |  | (2,476,471 | ) |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |
Adjustments due to triggering events |  |  | 26,440,275 |  |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |
Balance at June 30, 2025 (Unaudited) |  |  | 28,148,916 |  |  |  | 133 |  |  |  | 4,165 |  |  | $ | 2.17 to $ 86,713.38 |  |  | $ | 2.30 |
(*) | Ordinary and preferred share warrant amounts and exercise prices have been adjusted to reflect the May 27, 2025 one to four reverse stock split.
The Ordinary shares warrants carry a cashless exercise feature in which if the resale by the holder of the warrant shares issuable upon exercise of the warrants is not available to be issued to the warrant holder without legend or other restrictions, the warrant holder can elect to receive upon such exercise the higher of (i) 0.85 Ordinary shares per warrant share in such exercise and (ii) the “Net Number” of Ordinary shares (as defined in the warrant agreement). The exercise price and number of Ordinary warrant shares issuable upon exercise are subject to adjustment from time to time, for share dividends and splits, upon issuance of Ordinary shares, options, convertible securities and changes in option price or rate of conversion. During the six months ended June 30, 2025, 2,594,118 Ordinary Share warrants were exercised for 2,185,000 Ordinary Shares based on a conversion ratio of 0.85. Series A, B, C, and D Warrants conversion ratios are 0.779, 0.816, 0.888, and 0.826, respectively. During the year ended December 31, 2024, 1,732,081 Ordinary Share warrants were exercised for 1,472,269 Ordinary Shares based on a conversion ratio of 0.85. The ordinary shares and warrants in these conversions have been adjusted for the February 5, 2024 1:10 reverse stock split, the September 25, 2024 1:25 reverse stock split, and the May 27, 2025 1:4 reverse stock split.

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

X
- Definition Warrants [Text Block] + References No definition available. + Details
Name: | FRGT_WarrantsTextBlock
Namespace Prefix: | FRGT_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration