INVESTMENT IN RELATED PARTY (Tables)

6 Months Ended

Jun. 30, 2024

Investments, All Other Investments [Abstract]

SCHEDULE OF ASSETS MEASURED AT FAIR VALUE ON A RECURRING BASIS

Financial assets measured at fair value on a recurring basis are summarized below and disclosed on the consolidated balance sheet as of June 30, 2024 and December 31, 2023:

	Level 1		Level 2		Level 3		Fair Value
	Fair Value Measurement Using						Amount at
	Level 1		Level 2		Level 3		Fair Value
June 30, 2024
Asset
Investment Securities – Fair Value	$	-	$	1,056,039	$	-	$	1,056,039
Warrants – VEII		-		1,833,979		-		1,833,979

Total Investment in securities at Fair Value	$	-	$	2,890,018	$	-	$	2,890,018

	Level 1		Level 2		Level 3		Fair Value
	Fair Value Measurement Using						Amount at
	Level 1		Level 2		Level 3		Fair Value
December 31, 2023
Asset
Investment Securities – Fair Value	$	-	$	1,425,654	$	-	$	1,425,654
Warrants – VEII				2,487,854		-		2,487,854

Total Investment in securities at Fair Value	$	-	$	3,913,508	$	-	$	3,913,508

SCHEDULE OF FAIR VALUE OF WARRANTS

The fair value of the VEII warrants under level 2 category as of June 30, 2024, and December 31, 2023 was calculated using a Black-Scholes valuation model valued with the following weighted average assumptions:

SCHEDULE OF FAIR VALUE OF WARRANTS

	June 30, 2024			December 31, 2023

Stock price	$	0.050		$	0.068
Exercise price	$	0.1770		$	0.1770
Risk free interest rate		8.50	%		8.50	%
Annualized volatility		329.13	%		275.85	%
Dividend Yield	$	0.00		$	0.00
Year to maturity		4.19			4.68
Warrants and rights outstanding, measurement input		4.19			4.68

Hapi Metaverse Inc. 10-Q