NOTE 4 — FAIR VALUE MEASUREMENTS

 

Below is the summary of our assets and liabilities measured at fair value on a recurring basis and categorized using the fair value hierarchy as of December 31, 2025:

  

   (Level 1)   (Level 2)   (Level 3)   Total 
Assets                    
Money Market funds  $15,957,179   $-   $-   $15,957,179 
Digital Assets  $10,250,497   $-    -    10,250,497 
Total Assets  $26,207,676   $-   $-   $26,207,676 
Liabilities                    
Convertible Debt  $-   $-   $142,236   $142,236 
Warrant Liabilities   -    -    141,878    141,878 
Total Liabilities  $-   $-   $284,114   $284,114 

 

Below is the summary of our assets and liabilities measured at fair value on a recurring basis and categorized using the fair value hierarchy as of December 31, 2024:

 

   (Level 1)   (Level 2)   (Level 3)   Total 
Assets                    
Money Market funds  $724,732   $-   $-   $724,732 
Total Assets  $724,732   $-   $-   $724,732 
Liabilities                    
Warrant Liabilities  $-   $-   $269,175   $269,175 
Total Liabilities  $-   $-   $269,175   $269,175 

 

About Fair Value Disclosures

Fair value disclosures classify all assets and liabilities measured at fair value into a three-level hierarchy: Level 1 (quoted market prices), Level 2 (observable inputs like yield curves), and Level 3 (unobservable inputs requiring management estimates). The proportion of Level 3 assets directly reflects how much of the balance sheet depends on internal models rather than market evidence.

Key signals: a growing Level 3 balance relative to total fair-value assets increases valuation uncertainty and earnings volatility risk. Watch for transfers between levels — assets moving from Level 2 to Level 3 often signal deteriorating market liquidity. Unrealized gains and losses on Level 3 positions flow through earnings or other comprehensive income, so large swings deserve scrutiny. For financial institutions, examine the sensitivity disclosures that show how Level 3 valuations change under alternative assumptions. Compare the fair value of debt against its carrying amount to gauge hidden leverage.