FAIR VALUE MEASUREMENTS (Tables)

6 Months Ended

Jun. 30, 2024


	Amount at Fair Value		Level 1		Level 2		Level 3
June 30, 2024
Liabilities
Warrant liability – Public Warrants	$	2,399,430	$	2,399,430	$	-	$	-
Warrant liability – Private Placement Warrants		2,159,658		-		-		2,159,658
Convertible promissory notes - related party		168,100		-		-		168,100
Derivative liability - promissory note - related party redemption feature		16,175		16,175		-		-
	$	4,743,363	$	2,415,605	$	-	$	2,327,758
December 31, 2023
Liabilities
Warrant liability – Public Warrants	$	299,929	$	299,929	$	-	$	-
Warrant liability – Private Placement Warrants		269,957		-		-		269,957
Convertible promissory notes - related party		55,500		-		-		55,500
Derivative liability - promissory note - related party redemption feature		2,841		2,841		-		-
	$	628,227	$	302,770	$	-	$	325,457


	As of April 29, 2024 (Initial Measurement)			As of May 14, 2024 (Initial Measurement)			As of May 31, 2024 (Initial Measurement)			As of June 18, 2024 (Initial Measurement)			As of June 24, 2024 (Initial Measurement)			As of June 27, 2024 (Initial Measurement)			As of June 30, 2024			As of December 31, 2023
Warrant fair value	$	0.25		$	0.20		$	0.20		$	0.20		$	0.20		$	0.20		$	0.24		$	0.03
Exercise price	$	1.00		$	1.00		$	1.00		$	1.00		$	1.00		$	1.00		$	1.00		$	1.00
Dividend yield		-	%		-	%		-	%		-	%		-	%		-	%		-	%		-	%
Expected term (in years)		0.18			0.37			0.37			0.37			0.37			0.37			0.34			0.51
Warrant volatility		326.8	%		267.9	%		267.9	%		267.9	%		267.9	%		267.9	%		246.7	%		283.1	%
Risk-free rate		5.50	%		5.40	%		5.40	%		5.40	%		5.40	%		5.40	%		5.40	%		5.30	%


Fair value as of December 31, 2022 - Private Placement Warrants	$	1,439,771
Change in fair value		269,958
Fair value as of March 31, 2023 - Private Placement Warrants	$	1,709,729
Change in fair value	$	(809,872	)
Fair value as of June 30, 2023 - Private Placement Warrants	$	899,857

Fair value as of December 31, 2023 - Level 3 investments	$	325,457
Change in fair value of Private Placement Warrants		1,079,829
Change in fair value of convertible promissory notes - related party		24,200
Fair value as of March 31, 2024 - Level 3 investments	$	1,429,486
Change in fair value of Private Placement Warrants		809,872
Initial value of draw on convertible promissory note - related party on April 29, 2024		45,500
Initial value of draw on convertible promissory note - related party on May 14, 2024		4,550
Initial value of draw on convertible promissory note - related party May 31, 2024		4,550
Initial value of draw on convertible promissory note - related party June 18, 2024		4,550
Initial value of draw on convertible promissory note - related party June 24, 2024		4,550
Initial value of draw on convertible promissory note - related party June 27, 2024		36,400
Change in fair value of convertible promissory notes - related party		(11,700	)
Fair value as of June 30, 2024 - Level 3 investments	$	2,327,758

SDCL EDGE Acquisition Corp 10-Q