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10-K true 2025-12-31 false 000-27739 MINERALRITE CORPORATION 90-0315909 325 N. St. Paul Street Suite 3100 Dallas TX 75201 469 881-8900 Common stock RITE Series A Preferred Series B Preferred Series C Preferred Series D Preferred Series NMC Preferred Yes Yes Non-accelerated Filer true true false false 6211776842 No No false 0 The Company recognizes the importance of maintaining the security and integrity of its information systems and data. The Company’s operations currently involve limited information technology infrastructure, consisting primarily of standard business systems, cloud-based accounting platforms, and administrative communication tools.The Company has implemented basic cybersecurity measures appropriate to its size and stage of development, including password protection, access controls, data backup procedures, and the use of reputable <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_90A_ecyd--CybersecurityRiskManagementThirdPartyEngagedFlag_dbT_c20250101__20251231_zCVYALCPXK9f">third-party service providers with established cybersecurity protections. The Company has not experienced any cybersecurity incidents that have materially affected, or are reasonably likely to materially affect, the Company’s business strategy, results of operations, or financial condition. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_905_ecyd--CybersecurityRiskManagementProcessesIntegratedTextBlock_c20250101__20251231_zYUDAAs4Pbo7">Management is responsible for overseeing <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_90D_ecyd--CybersecurityRiskManagementProcessesIntegratedFlag_dbT_c20250101__20251231_ztlqHDjEBJEe">cybersecurity risk and periodically evaluates the Company’s information technology systems and service providers to identify potential risks and implement appropriate safeguards. true Management is responsible for overseeing <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_90D_ecyd--CybersecurityRiskManagementProcessesIntegratedFlag_dbT_c20250101__20251231_ztlqHDjEBJEe">cybersecurity risk and periodically evaluates the Company’s information technology systems and service providers to identify potential risks and implement appropriate safeguards. true Opinion on the Financial Statements We have audited the accompanying financial statements of MineralRite Corporation (a Texas Corporation) and subsidiaries, which comprise the balance sheets as of December 31, 2025, and 2024, and the related statements of operations, changes in stockholders’ equity (deficit) and cash flows for the years then ended, and the related notes to the financial statements. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of MineralRite Corporation as of December 31, 2025, and 2024, and the results of its operations and its cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States of America. Zhanna Kelley CPA PC Long Island City, New York 6888

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(1) Nature of Business / Organization and Basis of Presentation Nature of Business MineralRite Corporation (“MineralRite,” “RITE,” the “Company,” “we,” “us,” or “our”) is a Texas-based mineral and mine management and monetization company. The Company’s business model is focused on the acquisition, evaluation, development, and monetization of mineral assets, with an emphasis on previously processed tailings, above-ground materials, and other resource opportunities. The Company’s strategy is to identify mineral assets that can be advanced through technical evaluation, regulatory compliance, and operational planning, and then monetized through production, joint ventures, project-level financing, or strategic transactions. The Company currently operates in a development stage and has not yet generated significant operating revenue from its principal mineral-asset activities. Corporate History and Change in Control The Company traces its origins to a Nevada corporation formed in 1996. Over time, the Company experienced multiple changes in control, business direction, and capital structure. In April 2021, the Company completed an F-reorganization merger and re-domiciled to the State of Texas. This transaction was intended to simplify the Company’s corporate structure and align it with its anticipated business direction. In October 2023, a change in control occurred when current management acquired voting control of the Company and assumed operational leadership. Following this transition, management initiated a comprehensive restructuring of the Company’s accounting, capital structure, and business operations. These efforts included the settlement or restructuring of certain legacy obligations, revisions to the capital structure, and a strategic shift toward mineral asset acquisition, development, and monetization. As a result of this change in control and subsequent restructuring, the Company’s current business model, capital structure, and operating strategy differ substantially from those that existed under prior management. December 31, 2024, Acquisition On December 31, 2024, the Company completed the acquisition of 100% of the equity interests of California Precious Metals LLC and Peeples, Inc., two wholly owned subsidiaries of NMC, Inc. The acquisition included: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Two mineral leases held by California Precious Metals LLC, and</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Previously processed mine tailings and a mineral lease held by Peeples, Inc.</td></tr></table> The acquired set related to Peeples, Inc. also included a written mine development plan, technical documentation, recovery methodologies, and industry relationships relevant to the advancement of the project. Total consideration for the transaction consisted of: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify"><span id="xdx_90F_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_pn5n6_uShares_c20240101__20241231__us-gaap--StatementClassOfStockAxis__custom--SeriesNMCPreferredStockMember_zGMKmjsmpknf" title="Issuance of shares">6.9 million shares of Series NMC $<span id="xdx_900_ecustom--ProceedFromIssuanceOfConvertiblePreferredStock_uUSD_c20240101__20241231__us-gaap--StatementClassOfStockAxis__us-gaap--ConvertiblePreferredStockMember_zT7cKBXoZox1" title="Convertible preferred stock">25 Convertible Preferred Stock, and</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify"><span id="xdx_90C_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_iI_pp5n6_uShares_c20241231__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember__us-gaap--BusinessAcquisitionAxis__us-gaap--SeriesOfIndividuallyImmaterialBusinessAcquisitionsMember_zf35eU0JWld9" title="Warrants">6.9 million warrants to acquire additional Series NMC preferred shares.</td></tr></table> The aggregate transaction value was approximately $432 million, and the Company assumed approximately $<span id="xdx_90D_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities_iI_pn6n6_uUSD_c20241231__us-gaap--BusinessAcquisitionAxis__us-gaap--SeriesOfIndividuallyImmaterialBusinessAcquisitionsMember_zQlRfPdF5I3" title="Business combination value">5 million in liabilities. The acquisition of Peeples, Inc. was accounted for as a business combination under ASC 805, while the California Precious Metals LLC component was treated as an asset acquisition. The assets and liabilities acquired in this transaction form a significant portion of the Company’s consolidated balance sheet as of December 31, 2025. Organizational Structure The Company conducts its operations through wholly owned subsidiaries, each of which is intended to hold specific mineral assets or project interests. This structure is designed to isolate project-level risks, facilitate financing arrangements, and allow for separate development or monetization strategies for individual properties.

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(2) Summary of Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the rules and regulations of the Securities and Exchange Commission (“SEC”) applicable to annual reports on Form 10-K. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates. Significant areas that require the use of estimates include, but are not limited to: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Asset valuations, including mineral assets and inventory in process,</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Recoverability assessments,</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">The fair value of equity-based transactions,</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">The valuation of liabilities and contingencies,</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Derecognition of obligations,</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">The allocation of purchase price in business combinations, and</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">The assessment of going concern.</td></tr></table> Principles of Consolidation The consolidated financial statements include the accounts of MineralRite Corporation and all of its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated upon consolidation in accordance with ASC 810, Consolidation. Deferred Offering Costs The Company capitalizes certain legal, accounting, and other third-party costs directly associated with ongoing or proposed securities offerings. These costs are classified as deferred offering costs on the balance sheet. Upon successful completion of the offering, these amounts are offset against the proceeds as a reduction to additional paid-in capital. If an offering is abandoned or withdrawn, the costs are expensed in the period that determination is made. Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. The Company maintains its cash in bank deposit accounts which may, at times, exceed federally insured limits. The Company has not experienced any losses in such accounts. Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash deposits. The Company maintains its cash with financial institutions that are federally insured. At times, such balances may exceed insured limits. The Company has not experienced any losses in these accounts. Revenue Recognition The Company recognizes revenue in accordance with ASC 606, Revenue from Contracts with Customers. Revenue is recognized when control of the promised goods or services is transferred to customers in an amount that reflects the consideration the Company expects to receive in exchange for those goods or services. Accounts Receivable Accounts receivable are stated at amounts due from customers, net of an allowance for credit losses when applicable. The Company evaluates the collectability of receivables and records an allowance for credit losses based on historical experience, current conditions, and reasonable and supportable forecasts. Inventory Inventory is stated at the lower of cost or net realizable value in accordance with ASC 330. Inventory, when held, consists of finished or near-finished precious metal products, such as doré bars, bullion, or metals held for matched purchase and sale transactions, that are intended for sale in the ordinary course of business within a reasonable operating cycle. Materials requiring substantial processing, development, or capital expenditure before becoming saleable, including mine tailings and similar materials, are not classified as inventory and are instead presented as mineral assets or other long-lived assets, as appropriate. Costs assigned to inventory include purchase price and other costs directly attributable to bringing finished or near-finished products to their existing condition and location. Inventory is evaluated at each reporting date and written down to net realizable value when the carrying amount exceeds the amount expected to be realized. Property, Plant and Equipment Property, plant and equipment are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets. Maintenance and repairs are expensed as incurred. Major improvements that extend the useful life of an asset are capitalized. Mineral Properties and Intangible Assets Mineral properties and related intangible assets are recorded at cost and consist primarily of mineral leases, acquired tailings, and related project-level rights and plans. The Company evaluates mineral properties and intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. If such indicators are present, the Company compares the carrying value of the asset to the estimated undiscounted future cash flows expected to result from the use and eventual disposition of the asset. If the carrying value exceeds those cash flows, an impairment loss is recognized in the amount by which the carrying value exceeds the estimated fair value. Business Combinations The Company accounts for business combinations in accordance with ASC 805, Business Combinations. The Company allocates the purchase price of an acquired business to the assets acquired and liabilities assumed based on their estimated fair values at the acquisition date. Any excess of the purchase price over the fair value of the identifiable net assets acquired is recorded as goodwill. Acquisition-related costs are expensed as incurred. For acquisitions that do not meet the definition of a business, the transaction is accounted for as an asset acquisition, and the cost of the acquisition is allocated to the assets acquired on a relative fair value basis. Goodwill Goodwill represents the excess of the purchase price over the fair value of identifiable net assets acquired in a business combination. Goodwill is not amortized but is tested for impairment at least annually or more frequently if events or changes in circumstances indicate potential impairment. Leases The Company accounts for leases in accordance with ASC 842, Leases. The Company determines whether an arrangement contains a lease at inception. Right-of-use assets represent the Company’s right to use an underlying asset during the lease term, and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Lease assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. Debt and Notes Payable Debt and notes payable are recorded at the principal amount borrowed, net of any unamortized discounts or premiums. Debt issuance costs, if any, are amortized over the term of the related debt using the effective interest method. Interest expense is recognized over the term of the borrowing. Fair Value of Financial Instruments The Company follows ASC 820, Fair Value Measurement, for financial assets and liabilities measured at fair value on a recurring basis. ASC 820 establishes a three-level fair value hierarchy that prioritizes the inputs used to measure fair value: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Level 1: Quoted prices in active markets for identical assets or liabilities.</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Level 2: Observable inputs other than Level 1 quoted prices.</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Level 3: Unobservable inputs reflecting the Company’s own assumptions.</td></tr></table> The carrying amounts of cash, accounts payable, and accrued liabilities approximate fair value due to their short-term nature. Stock-Based Compensation The Company accounts for stock-based compensation in accordance with ASC 718, Compensation—Stock Compensation. Stock-based compensation is measured at the grant-date fair value of the equity instruments issued and is recognized as compensation expense over the requisite service period, if any. If equity instruments are issued for services and the fair value of the services is more reliably measurable than the fair value of the equity instruments, the Company measures the transaction based on the fair value of the services received. Earnings (Loss) per Share Basic earnings (loss) per share is computed by dividing net income (loss) attributable to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted earnings (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. For periods in which the Company reports a net loss, all potentially dilutive securities are excluded from the calculation because their effect would be anti-dilutive. Income Taxes The Company accounts for income taxes in accordance with ASC 740, Income Taxes. Deferred tax assets and liabilities are recognized for the expected future tax consequences of events that have been included in the financial statements or tax returns. Deferred tax assets and liabilities are determined based on differences between the financial reporting and tax bases of assets and liabilities and are measured using enacted tax rates expected to apply when those differences are reversed. A valuation allowance is provided when it is more likely than not that some portion or all of the deferred tax assets will not be realized. Segment Reporting The Company operates in a single operating segment focused on mineral asset acquisition, evaluation, and development. Accordingly, the Company has one reportable segment.

Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the rules and regulations of the Securities and Exchange Commission (“SEC”) applicable to annual reports on Form 10-K.

Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates. Significant areas that require the use of estimates include, but are not limited to: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Asset valuations, including mineral assets and inventory in process,</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Recoverability assessments,</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">The fair value of equity-based transactions,</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">The valuation of liabilities and contingencies,</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Derecognition of obligations,</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">The allocation of purchase price in business combinations, and</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">The assessment of going concern.</td></tr></table>

Principles of Consolidation The consolidated financial statements include the accounts of MineralRite Corporation and all of its wholly owned subsidiaries. All intercompany balances and transactions have been eliminated upon consolidation in accordance with ASC 810, Consolidation.

Deferred Offering Costs The Company capitalizes certain legal, accounting, and other third-party costs directly associated with ongoing or proposed securities offerings. These costs are classified as deferred offering costs on the balance sheet. Upon successful completion of the offering, these amounts are offset against the proceeds as a reduction to additional paid-in capital. If an offering is abandoned or withdrawn, the costs are expensed in the period that determination is made.

Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. The Company maintains its cash in bank deposit accounts which may, at times, exceed federally insured limits. The Company has not experienced any losses in such accounts.

Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash deposits. The Company maintains its cash with financial institutions that are federally insured. At times, such balances may exceed insured limits. The Company has not experienced any losses in these accounts.

Revenue Recognition The Company recognizes revenue in accordance with ASC 606, Revenue from Contracts with Customers. Revenue is recognized when control of the promised goods or services is transferred to customers in an amount that reflects the consideration the Company expects to receive in exchange for those goods or services.

Accounts Receivable Accounts receivable are stated at amounts due from customers, net of an allowance for credit losses when applicable. The Company evaluates the collectability of receivables and records an allowance for credit losses based on historical experience, current conditions, and reasonable and supportable forecasts.

Inventory Inventory is stated at the lower of cost or net realizable value in accordance with ASC 330. Inventory, when held, consists of finished or near-finished precious metal products, such as doré bars, bullion, or metals held for matched purchase and sale transactions, that are intended for sale in the ordinary course of business within a reasonable operating cycle. Materials requiring substantial processing, development, or capital expenditure before becoming saleable, including mine tailings and similar materials, are not classified as inventory and are instead presented as mineral assets or other long-lived assets, as appropriate. Costs assigned to inventory include purchase price and other costs directly attributable to bringing finished or near-finished products to their existing condition and location. Inventory is evaluated at each reporting date and written down to net realizable value when the carrying amount exceeds the amount expected to be realized.

Property, Plant and Equipment Property, plant and equipment are stated at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the related assets. Maintenance and repairs are expensed as incurred. Major improvements that extend the useful life of an asset are capitalized.

Mineral Properties and Intangible Assets Mineral properties and related intangible assets are recorded at cost and consist primarily of mineral leases, acquired tailings, and related project-level rights and plans. The Company evaluates mineral properties and intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. If such indicators are present, the Company compares the carrying value of the asset to the estimated undiscounted future cash flows expected to result from the use and eventual disposition of the asset. If the carrying value exceeds those cash flows, an impairment loss is recognized in the amount by which the carrying value exceeds the estimated fair value.

Business Combinations The Company accounts for business combinations in accordance with ASC 805, Business Combinations. The Company allocates the purchase price of an acquired business to the assets acquired and liabilities assumed based on their estimated fair values at the acquisition date. Any excess of the purchase price over the fair value of the identifiable net assets acquired is recorded as goodwill. Acquisition-related costs are expensed as incurred. For acquisitions that do not meet the definition of a business, the transaction is accounted for as an asset acquisition, and the cost of the acquisition is allocated to the assets acquired on a relative fair value basis.

Goodwill Goodwill represents the excess of the purchase price over the fair value of identifiable net assets acquired in a business combination. Goodwill is not amortized but is tested for impairment at least annually or more frequently if events or changes in circumstances indicate potential impairment.

Leases The Company accounts for leases in accordance with ASC 842, Leases. The Company determines whether an arrangement contains a lease at inception. Right-of-use assets represent the Company’s right to use an underlying asset during the lease term, and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Lease assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term.

Debt and Notes Payable Debt and notes payable are recorded at the principal amount borrowed, net of any unamortized discounts or premiums. Debt issuance costs, if any, are amortized over the term of the related debt using the effective interest method. Interest expense is recognized over the term of the borrowing.

Fair Value of Financial Instruments The Company follows ASC 820, Fair Value Measurement, for financial assets and liabilities measured at fair value on a recurring basis. ASC 820 establishes a three-level fair value hierarchy that prioritizes the inputs used to measure fair value: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Level 1: Quoted prices in active markets for identical assets or liabilities.</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Level 2: Observable inputs other than Level 1 quoted prices.</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Level 3: Unobservable inputs reflecting the Company’s own assumptions.</td></tr></table> The carrying amounts of cash, accounts payable, and accrued liabilities approximate fair value due to their short-term nature.

Stock-Based Compensation The Company accounts for stock-based compensation in accordance with ASC 718, Compensation—Stock Compensation. Stock-based compensation is measured at the grant-date fair value of the equity instruments issued and is recognized as compensation expense over the requisite service period, if any. If equity instruments are issued for services and the fair value of the services is more reliably measurable than the fair value of the equity instruments, the Company measures the transaction based on the fair value of the services received.

Earnings (Loss) per Share Basic earnings (loss) per share is computed by dividing net income (loss) attributable to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted earnings (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. For periods in which the Company reports a net loss, all potentially dilutive securities are excluded from the calculation because their effect would be anti-dilutive.

Income Taxes The Company accounts for income taxes in accordance with ASC 740, Income Taxes. Deferred tax assets and liabilities are recognized for the expected future tax consequences of events that have been included in the financial statements or tax returns. Deferred tax assets and liabilities are determined based on differences between the financial reporting and tax bases of assets and liabilities and are measured using enacted tax rates expected to apply when those differences are reversed. A valuation allowance is provided when it is more likely than not that some portion or all of the deferred tax assets will not be realized.

Segment Reporting The Company operates in a single operating segment focused on mineral asset acquisition, evaluation, and development. Accordingly, the Company has one reportable segment.

(3) Recent Accounting Pronouncements The Company regularly monitors and evaluates new accounting standards issued by the Financial Accounting Standards Board (“FASB”). In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which expands disclosure requirements for reportable segments. The amendments are effective for fiscal years beginning after December 15, 2023. The Company is currently evaluating the impact of this standard on its consolidated financial statement disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires enhanced disclosures related to income taxes. The amendments are effective for fiscal years beginning after December 15, 2024. The Company is currently evaluating the impact of this standard. Other than the standards described above, management does not believe that any recently issued, but not yet effective, accounting pronouncements would have a material impact on the Company’s consolidated financial position, results of operations, or cash flows.

(4) Going Concern Considerations The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. The Company has not yet generated significant revenues from its principal operations and has incurred operating losses as it advances its mineral asset projects. Management has historically funded operations through the issuance of equity securities, debt arrangements, and related financing activities. In accordance with ASC 205-40, management is required to evaluate, and has evaluated, whether there are conditions or events that raise substantial doubt about the Company’s ability to continue as a going concern for a period of one year from the date the financial statements are issued. Management’s plans include raising additional capital through equity or debt financings, advancing its mineral asset projects toward revenue-generating operations, and pursuing strategic transactions or asset-level financings. The Company has historically been successful in obtaining capital to support its operations. Management believes these plans are probable of being effectively implemented and are expected to mitigate any such conditions or events. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans to address these conditions include raising capital through equity or debt financings, entering into strategic partnerships or joint ventures, and monetizing mineral assets or related opportunities. The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern, and do not include any adjustments that might result from the outcome of this uncertainty. However, there can be no assurance that future financing will be available on acceptable terms or at all.

(5) Business Combinations On December 31, 2024, the Company completed the acquisition of California Precious Metals LLC (“CPM”) and Peeples, Inc. (“Peeples”) pursuant to a transaction with NMC. The results of these acquisitions are reflected in the Company’s consolidated financial statements as of the acquisition date. Peeples, Inc. The acquisition of Peeples was determined to constitute a business under ASC 805, Business Combinations, and was accounted for as a business combination. Peeples held previously processed mine tailings classified as chattel (personal property), a written mine development plan, technical documentation, and strategic relationships necessary to advance operations. These materials were not unprocessed in-situ mineral resources, but rather previously processed tailings that functioned economically as inventory-type material supported by technical and metallurgical data. California Precious Metals LLC The acquisition of CPM was treated as an asset acquisition, as the acquired set of assets did not meet the definition of a business under ASC 805. CPM held mineral leases and related rights without supporting infrastructure, workforce, or business activity. Consideration and Allocation The total consideration for the transaction was approximately $<span id="xdx_90F_eus-gaap--BusinessCombinationConsiderationTransferredOther1_pn6n6_c20240101__20241231__us-gaap--BusinessAcquisitionAxis__custom--PeeplesMember_zWgTr9NgMlI1" title="Business consideration amount">432 million, consisting primarily of the issuance of <span id="xdx_90C_eus-gaap--BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued_pn5n6_uShares_c20240101__20241231__us-gaap--BusinessAcquisitionAxis__custom--SeriesNMCPreferredStockMember_zylP2wgNuo9k" title="Business Acquisition, Equity Interest Issued or Issuable, Number of Shares">6.9 million shares of Series NMC $25 Convertible Preferred Stock and <span id="xdx_909_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_iI_pn5n6_uShares_c20241231__us-gaap--BusinessAcquisitionAxis__us-gaap--SeriesOfIndividuallyImmaterialBusinessAcquisitionsMember_zLsloLkBTp01" title="Class of Warrant or Right, Number of Securities Called by Warrants or Rights">6.9 million warrants to purchase the same. The Company also assumed approximately $<span id="xdx_900_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities_iI_pn6n6_uUSD_c20241231__us-gaap--BusinessAcquisitionAxis__us-gaap--SeriesOfIndividuallyImmaterialBusinessAcquisitionsMember_z0UUYavQsIUb" title="Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities">5 million of liabilities associated with the acquired entities. The Series NMC Convertible Preferred Stock included a structured sinking fund repurchase feature providing for a minimum repurchase price of $<span id="xdx_905_eus-gaap--PreferredStockRedemptionPricePerShare_iI_pid_uUSDPShares_c20241231__us-gaap--BusinessAcquisitionAxis__custom--SeriesNMCPreferredStockMember_zexZiOa8kgM6" title="Preferred Stock, Convertible, Conversion Price">25.40 per share, which accretes at a rate of 5% per year. This feature was considered in determining the fair value of the securities issued. The fair value of the consideration transferred was determined based on the fair value of the securities issued, consistent with ASC 805. Management determined that the fair value of the consideration transferred approximated the fair value of the net assets acquired based on the valuation analyses performed in connection with the transaction. The Company allocated the consideration among the acquired assets and assumed liabilities based on their estimated fair values at the acquisition date. Substantially all of the assigned value was attributed to the previously processed mine tailings classified as chattel (personal property) acquired in the Peeples transaction. The two mineral leases held by California Precious Metals and the approximately 377.11-acre Arizona State Land Department lease held by Peeples were recorded at their allocated fair values based on management’s analysis. These valuations were not based on proven or probable reserves, but rather reflected strategic value, development potential, technical data, and related intellectual property associated with the acquired materials. No goodwill was recognized in connection with these acquisitions. The resulting assets and liabilities acquired form a significant portion of the Company’s consolidated balance sheet as of December 31, 2025. Acquisition-related costs were expensed as incurred.

432000000

6900000

5000000

25.40

0.05

(6) Revenue Recognition The Company has not recognized revenue from its principal operations during the reporting period. Revenue recognition policies are established in accordance with ASC 606, Revenue from Contracts with Customers. The Company expects to generate future revenue through the sale of minerals and the matched purchase and sale transactions involving precious metals. Revenue will be recognized when control of the product or service is transferred to the customer, in an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. Revenue is expected to be recognized at a point in time when control transfers, typically upon delivery or transfer of title, depending on the terms of the underlying agreements. No disaggregated revenue disclosures are presented since the Company did not generate revenue from its principal operations during the reporting period.

(7) Accounts Receivable / Credit Losses As of December 31, 2025, and 2024, the Company had no material accounts receivable. The Company has adopted the provisions of ASC 326, Financial Instruments—Credit Losses, and will apply the current expected credit loss (“CECL”) model to future accounts receivable as they arise. When accounts receivable are recorded, an allowance for credit losses will be established based on historical experience, current economic conditions, and reasonable forecasts.

(8) Inventory Inventory is stated at the lower of cost or net realizable value in accordance with ASC 330. Inventory, when held, consists of finished or near-finished precious metal products, such as doré bars, bullion, or metals held for matched purchase and sale transactions, that are intended for sale in the ordinary course of business within a reasonable operating cycle. Materials requiring substantial processing, development, or capital expenditure before becoming saleable, including mine tailings and similar materials, are not classified as inventory and are instead presented as mineral assets or other long-lived assets, as appropriate. As of December 31, 2025, and 2024, the Company did not report any inventory on its consolidated balance sheets.

(9) Property, Plant and Equipment Property and equipment are recorded at historical cost. Major additions and improvements that extend the useful life or functionality of an asset are capitalized, while routine repairs and maintenance are expensed as incurred. Depreciation and Depletion Depreciation is calculated using the straight-line method over the estimated useful lives of the related assets as follows: Schedule Of Property Plant And Equipment Depreciation <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; width: 50%; margin-right: auto"> <tr> <td style="width: 69%; padding-right: 0.75pt; padding-left: 0.75pt; text-align: justify">Asset Category</td> <td style="width: 31%; padding-right: 0.75pt; padding-left: 0.75pt; text-align: justify">Estimated Useful Life</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="padding-right: 0.75pt; padding-left: 0.75pt; text-align: justify">Office and computer equipment</td> <td style="padding-right: 0.75pt; padding-left: 0.75pt; text-align: justify"><span id="xdx_903_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ComputerEquipmentMember__srt--RangeAxis__srt--MinimumMember_zQrtBUcRNTo4">3 – <span id="xdx_90B_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ComputerEquipmentMember__srt--RangeAxis__srt--MaximumMember_zI3cX0zTnY39">7 years</td></tr> <tr style="background-color: White"> <td style="padding-right: 0.75pt; padding-left: 0.75pt; text-align: justify">Machinery and processing equipment</td> <td style="padding-right: 0.75pt; padding-left: 0.75pt; text-align: justify"><span id="xdx_900_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember__srt--RangeAxis__srt--MinimumMember_zmaXVffEy7qc">5 – <span id="xdx_90A_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember__srt--RangeAxis__srt--MaximumMember_zx6NXr4bFAPh">10 years</td></tr> </table> For assets associated with mineral recovery operations, the Company capitalizes costs that are directly attributable to acquiring, constructing, and placing the asset into service in accordance with GAAP. When depletion is applicable to resource-based assets, the Company uses the unit-of-production method to allocate the capitalized cost over the volume of resource extracted during the reporting period. No depletion expense has been recorded to date due to the absence of production. Impairment of Long-Lived Assets The Company reviews long-lived assets, including property and equipment, for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability is assessed based on the estimated undiscounted future cash flows expected to result from the use of the asset. If the carrying value exceeds those cash flows, an impairment loss is recognized equal to the difference between the asset’s carrying amount and its estimated fair value in accordance with ASC 360, Property, Plant, and Equipment. No depreciation or impairment expense was recorded during the periods presented, as the Company’s equipment remained in storage and was not placed into service during those periods.

Depreciation is calculated using the straight-line method over the estimated useful lives of the related assets as follows: Schedule Of Property Plant And Equipment Depreciation <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; width: 50%; margin-right: auto"> <tr> <td style="width: 69%; padding-right: 0.75pt; padding-left: 0.75pt; text-align: justify">Asset Category</td> <td style="width: 31%; padding-right: 0.75pt; padding-left: 0.75pt; text-align: justify">Estimated Useful Life</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="padding-right: 0.75pt; padding-left: 0.75pt; text-align: justify">Office and computer equipment</td> <td style="padding-right: 0.75pt; padding-left: 0.75pt; text-align: justify"><span id="xdx_903_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ComputerEquipmentMember__srt--RangeAxis__srt--MinimumMember_zQrtBUcRNTo4">3 – <span id="xdx_90B_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ComputerEquipmentMember__srt--RangeAxis__srt--MaximumMember_zI3cX0zTnY39">7 years</td></tr> <tr style="background-color: White"> <td style="padding-right: 0.75pt; padding-left: 0.75pt; text-align: justify">Machinery and processing equipment</td> <td style="padding-right: 0.75pt; padding-left: 0.75pt; text-align: justify"><span id="xdx_900_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember__srt--RangeAxis__srt--MinimumMember_zmaXVffEy7qc">5 – <span id="xdx_90A_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember__srt--RangeAxis__srt--MaximumMember_zx6NXr4bFAPh">10 years</td></tr> </table>

P3Y

P7Y

P5Y

P10Y

(10) Mineral Properties / Intangible Assets / Goodwill Accounting Policy Mineral properties are classified as either tangible or intangible assets depending on the nature of the rights acquired: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Mineral Rights (Intangible Assets): Rights to explore or extract minerals from specific properties.</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Mine Development and Infrastructure (Tangible Assets): Includes stripping, drilling, road access, tailings-related infrastructure, and other capitalized site-development activities.</td></tr></table> The Company capitalizes acquisition costs, including legal and other directly attributable expenses, when control of a mineral interest is obtained. Exploration and evaluation expenditures are capitalized when they relate to specific mineral properties and management concludes that future economic benefits are probable. Regional or preliminary exploration expenditures not directly attributable to a specific property are expensed as incurred. Development expenditures are capitalized once technical feasibility and commercial viability are demonstrable. All mineral properties currently held by the Company are not yet in commercial production. Accordingly, no depletion, depreciation, or amortization has been recorded. Once production begins, tangible mineral property costs will be depreciated using the units-of-production method, and intangible mineral rights will be amortized over the estimated reserve life or evaluated for impairment if not yet placed in service. Carrying Value and Impairment The Company evaluates its mineral properties for impairment indicators in accordance with ASC 360-10, Property, Plant, and Equipment. Assets are written down to fair value if events or changes in circumstances indicate that their carrying amount may not be recoverable. As of the reporting date, no such indicators have been identified. Standalone mineral leases for which no separate consideration was paid and for which no independently measurable fair value is available are carried at a value of $0. These leases represent enabling legal rights associated with the underlying mineral assets and are evaluated as part of the related asset group for impairment purposes. Business Combinations and Fair Value Allocation Mineral interests acquired in a business combination are recorded at fair value as of the acquisition date in accordance with ASC 805. Fair value is determined using market-participant assumptions and appropriate valuation techniques consistent with ASC 820. On December 31, 2024, the Company acquired California Precious Metals LLC and Peeples Inc., which together held three mineral properties and previously processed mine tailings. The Peeples acquisition was accounted for as a business combination. The acquired set included: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td>Previously processed mine tailings;</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td>A mineral lease providing site access;</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td>A written mine development plan;</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td>Technical, metallurgical, and environmental datasets; and</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td>Associated project documentation and operational relationships.</td></tr></table> These elements were evaluated collectively in determining the acquisition-date fair value of the identifiable net assets acquired and the appropriate accounting treatment under ASC 805, as described in the Company’s Form 10 and related correspondence with the SEC Staff. Based on the acquisition-date fair value of the consideration transferred, the Company recorded identifiable net assets of approximately $<span id="xdx_902_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet_iI_uUSD_c20251231_zvrs8ijmntIf" title="Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net">432,000,000. No goodwill was recognized. Net Assets Acquired Schedule of Acquisition of Mineral Assets <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify; width: 70%">Assets and Liabilities Recognized</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 10%; text-align: center">Gross Carrying Amount</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 10%; text-align: center">Accumulated Depreciation</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; width: 10%">Amount</td></tr> <tr style="background-color: rgb(204,238,255)"> <td>Peeples, Inc - Previously processed mine tailings, including associated mineral lease, mine plan, permitting, and technical documentation</td> <td id="xdx_98C_eus-gaap--MineralPropertiesGross_iI_c20251231__srt--ProductOrServiceAxis__custom--MineTailingsAndPermittingServicesMember_zDhgZJktEP3l" style="text-align: center" title="Mine tailings (inventory-in-process) including mineral lease, mine plan, permitting and technical documentation">$432,000,000</td> <td id="xdx_986_eus-gaap--MineralPropertiesAccumulatedDepletion_iI_c20251231__srt--ProductOrServiceAxis__custom--MineTailingsAndPermittingServicesMember_zW9gRGYuvtw" style="text-align: center" title="Mine tailings (inventory-in-process) including mineral lease, mine plan, permitting and technical documentation">$0</td> <td id="xdx_98F_eus-gaap--MineralPropertiesNet_iI_c20251231__srt--ProductOrServiceAxis__custom--MineTailingsAndPermittingServicesMember_zsK5lufuLl9i" style="text-align: center" title="Mine tailings (inventory-in-process) including mineral lease, mine plan, permitting and technical documentation">$432,000,000</td></tr> <tr style="background-color: White"> <td style="text-align: justify">Peeples, Inc. – mineral lease (377.11 acres)</td> <td id="xdx_983_eus-gaap--MineralPropertiesGross_iI_c20251231__srt--ProductOrServiceAxis__custom--PeeplesMineralLeaseMember_zS7fJuYSv0Mi" style="text-align: center" title="Peeples - Mineral lease comprising 377.11 acres (all value assigned to inventory-in-process)">$0</td> <td id="xdx_980_eus-gaap--MineralPropertiesAccumulatedDepletion_iI_c20251231__srt--ProductOrServiceAxis__custom--PeeplesMineralLeaseMember_zKD4wdR3knBf" style="text-align: center" title="Peeples - Mineral lease comprising 377.11 acres (all value assigned to inventory-in-process)">$0</td> <td id="xdx_982_eus-gaap--MineralPropertiesNet_iI_c20251231__srt--ProductOrServiceAxis__custom--PeeplesMineralLeaseMember_zstcIiFPTkR7" style="text-align: center" title="Peeples - Mineral lease comprising 377.11 acres (all value assigned to inventory-in-process)">$0</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="text-align: justify">California Precious Metals LLC – exploratory leases</td> <td id="xdx_985_eus-gaap--MineralPropertiesGross_iI_c20251231__srt--ProductOrServiceAxis__custom--CaliforniaPreciousMetalsMember_zfjW9NR3ahH5" style="text-align: center" title="California Precious Metals - BLM Mineral leases">$0</td> <td id="xdx_985_eus-gaap--MineralPropertiesAccumulatedDepletion_iI_c20251231__srt--ProductOrServiceAxis__custom--CaliforniaPreciousMetalsMember_zW8ZWHTHOKj" style="text-align: center" title="California Precious Metals - BLM Mineral leases">$0</td> <td id="xdx_98E_eus-gaap--MineralPropertiesNet_iI_c20251231__srt--ProductOrServiceAxis__custom--CaliforniaPreciousMetalsMember_zZrnqcorD5d4" style="text-align: center" title="California Precious Metals - BLM Mineral leases">$0</td></tr> <tr style="background-color: White"> <td style="text-align: justify">Goodwill</td> <td id="xdx_989_eus-gaap--MineralPropertiesGross_iI_c20251231__srt--ProductOrServiceAxis__custom--GoodwillsMember_zdvi63K202Hj" style="text-align: center" title="Goodwill">$0</td> <td id="xdx_984_eus-gaap--MineralPropertiesAccumulatedDepletion_iI_c20251231__srt--ProductOrServiceAxis__custom--GoodwillsMember_zGcn0omXNZb6" style="text-align: center" title="Goodwill">$0</td> <td id="xdx_988_eus-gaap--MineralPropertiesNet_iI_c20251231__srt--ProductOrServiceAxis__custom--GoodwillsMember_zWFASYuLsMLf" style="text-align: center" title="Goodwill">$0</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="text-align: justify">Total</td> <td id="xdx_984_eus-gaap--MineralPropertiesGross_iI_dxH_c20251231_zTiMXMJWrQm3" style="text-align: center" title="Gross Carrying Amount::XDX::432011500">$432,000,000</td> <td id="xdx_981_eus-gaap--MineralPropertiesAccumulatedDepletion_iI_dxL_c20251231_zKFDOpizPbP5" style="text-align: center" title="Accumulated Depreciation::XDX::%97">$0</td> <td id="xdx_981_eus-gaap--MineralPropertiesNet_iI_c20251231_zvGEBWJSCez3" style="text-align: center" title="Net Carrying Amount">$432,000,000</td></tr> </table> The table above reflects the acquisition-date fair value assigned to the mineral assets acquired through the business combination under ASC 805. The tailings asset is supported by a substantial body of historical engineering, metallurgical, and technical data. During the current period, the Company engaged an independent Qualified Person to conduct a multi-phase technical evaluation of the Skull Valley tailings as an initial step toward potential future technical reporting under Regulation S-K Subpart 1300. The Company cannot predict the timing or outcome of this evaluation, and there is no assurance that any mineral resources or reserves will be established under S-K 1300 standards. As of the reporting date, the properties remain under evaluation, and no indicators of impairment have been identified. No depletion or amortization has been recorded.

432000000

Schedule of Acquisition of Mineral Assets <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: justify; width: 70%">Assets and Liabilities Recognized</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 10%; text-align: center">Gross Carrying Amount</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 10%; text-align: center">Accumulated Depreciation</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; width: 10%">Amount</td></tr> <tr style="background-color: rgb(204,238,255)"> <td>Peeples, Inc - Previously processed mine tailings, including associated mineral lease, mine plan, permitting, and technical documentation</td> <td id="xdx_98C_eus-gaap--MineralPropertiesGross_iI_c20251231__srt--ProductOrServiceAxis__custom--MineTailingsAndPermittingServicesMember_zDhgZJktEP3l" style="text-align: center" title="Mine tailings (inventory-in-process) including mineral lease, mine plan, permitting and technical documentation">$432,000,000</td> <td id="xdx_986_eus-gaap--MineralPropertiesAccumulatedDepletion_iI_c20251231__srt--ProductOrServiceAxis__custom--MineTailingsAndPermittingServicesMember_zW9gRGYuvtw" style="text-align: center" title="Mine tailings (inventory-in-process) including mineral lease, mine plan, permitting and technical documentation">$0</td> <td id="xdx_98F_eus-gaap--MineralPropertiesNet_iI_c20251231__srt--ProductOrServiceAxis__custom--MineTailingsAndPermittingServicesMember_zsK5lufuLl9i" style="text-align: center" title="Mine tailings (inventory-in-process) including mineral lease, mine plan, permitting and technical documentation">$432,000,000</td></tr> <tr style="background-color: White"> <td style="text-align: justify">Peeples, Inc. – mineral lease (377.11 acres)</td> <td id="xdx_983_eus-gaap--MineralPropertiesGross_iI_c20251231__srt--ProductOrServiceAxis__custom--PeeplesMineralLeaseMember_zS7fJuYSv0Mi" style="text-align: center" title="Peeples - Mineral lease comprising 377.11 acres (all value assigned to inventory-in-process)">$0</td> <td id="xdx_980_eus-gaap--MineralPropertiesAccumulatedDepletion_iI_c20251231__srt--ProductOrServiceAxis__custom--PeeplesMineralLeaseMember_zKD4wdR3knBf" style="text-align: center" title="Peeples - Mineral lease comprising 377.11 acres (all value assigned to inventory-in-process)">$0</td> <td id="xdx_982_eus-gaap--MineralPropertiesNet_iI_c20251231__srt--ProductOrServiceAxis__custom--PeeplesMineralLeaseMember_zstcIiFPTkR7" style="text-align: center" title="Peeples - Mineral lease comprising 377.11 acres (all value assigned to inventory-in-process)">$0</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="text-align: justify">California Precious Metals LLC – exploratory leases</td> <td id="xdx_985_eus-gaap--MineralPropertiesGross_iI_c20251231__srt--ProductOrServiceAxis__custom--CaliforniaPreciousMetalsMember_zfjW9NR3ahH5" style="text-align: center" title="California Precious Metals - BLM Mineral leases">$0</td> <td id="xdx_985_eus-gaap--MineralPropertiesAccumulatedDepletion_iI_c20251231__srt--ProductOrServiceAxis__custom--CaliforniaPreciousMetalsMember_zW8ZWHTHOKj" style="text-align: center" title="California Precious Metals - BLM Mineral leases">$0</td> <td id="xdx_98E_eus-gaap--MineralPropertiesNet_iI_c20251231__srt--ProductOrServiceAxis__custom--CaliforniaPreciousMetalsMember_zZrnqcorD5d4" style="text-align: center" title="California Precious Metals - BLM Mineral leases">$0</td></tr> <tr style="background-color: White"> <td style="text-align: justify">Goodwill</td> <td id="xdx_989_eus-gaap--MineralPropertiesGross_iI_c20251231__srt--ProductOrServiceAxis__custom--GoodwillsMember_zdvi63K202Hj" style="text-align: center" title="Goodwill">$0</td> <td id="xdx_984_eus-gaap--MineralPropertiesAccumulatedDepletion_iI_c20251231__srt--ProductOrServiceAxis__custom--GoodwillsMember_zGcn0omXNZb6" style="text-align: center" title="Goodwill">$0</td> <td id="xdx_988_eus-gaap--MineralPropertiesNet_iI_c20251231__srt--ProductOrServiceAxis__custom--GoodwillsMember_zWFASYuLsMLf" style="text-align: center" title="Goodwill">$0</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="text-align: justify">Total</td> <td id="xdx_984_eus-gaap--MineralPropertiesGross_iI_dxH_c20251231_zTiMXMJWrQm3" style="text-align: center" title="Gross Carrying Amount::XDX::432011500">$432,000,000</td> <td id="xdx_981_eus-gaap--MineralPropertiesAccumulatedDepletion_iI_dxL_c20251231_zKFDOpizPbP5" style="text-align: center" title="Accumulated Depreciation::XDX::%97">$0</td> <td id="xdx_981_eus-gaap--MineralPropertiesNet_iI_c20251231_zvGEBWJSCez3" style="text-align: center" title="Net Carrying Amount">$432,000,000</td></tr> </table>

432000000

(11) Leases As of the reporting date, the Company maintains two categories of lease arrangements: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Operating leases, which are accounted for under ASC 842, Leases; and</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Mineral leases, which provide rights to explore or develop mineral properties and are accounted for in accordance with ASC 930, Extractive Activities – Mining, and ASC 360, Property, Plant, and Equipment.</td></tr></table> The accounting treatment depends on the nature and purpose of the lease, as described below. Operating Leases The Company has entered into short-term, low-value lease arrangements for shared office and miscellaneous space. These arrangements qualify for the short-term lease exemption under ASC 842 and are not recorded on the balance sheet. Lease payments are recognized as expense over the lease term. As of the reporting date, the Company does not maintain any finance leases or long-term operating leases that require recognition of right-of-use (“ROU”) assets or lease liabilities under ASC 842. Mineral Leases The Company holds certain mineral lease agreements through its wholly owned subsidiaries that provide rights to explore and potentially develop mineral properties. Annual lease payments, minimum annual guarantee payments, and related insurance costs are recognized as expense as incurred. Costs directly attributable to evaluating or advancing a specific mineral property, such as engineering studies, surveys, and other site-specific technical work, are capitalized as part of the related mineral asset in accordance with ASC 930 and ASC 360. As of the reporting date, no right-of-use assets or lease liabilities have been recognized under ASC 842 with respect to mineral leases, as these arrangements represent mineral property interests accounted for under the extractive activities model rather than operating or financing leases.

(12) Debt / Notes Payable The Company previously had four promissory notes outstanding with an aggregate principal balance of $117,500, all of which were issued between 2012 and 2021 by prior management to unaffiliated third parties. For an extended period, the Company had not made payments on these instruments and had not received demands for payment or other communications from the noteholders. Management evaluated the status of these obligations under applicable statutes of limitation governing enforcement of debt instruments and, based on that evaluation and consultation with legal counsel, concluded that claims for repayment are time-barred and not enforceable. In reaching this conclusion, management considered, among other factors, the absence of creditor activity for many years and the absence of tolling agreements, waivers, acknowledgments, or other events that would extend or revive the applicable limitations period. Accordingly, during the third quarter of 2025, the Company derecognized the full aggregate principal balance of these obligations pursuant to ASC 405-20-40-1(b). The corresponding gain on extinguishment was recognized in other income during the year ended December 31, 2025. The Company continues to monitor communications and claims, if any, relating to historical obligations.

117500

(13) Income Taxes The Company accounts for income taxes in accordance with ASC 740, Income Taxes, using the asset and liability method. Deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the years in which those differences are expected to reverse. During 2024, the Company filed delinquent federal income tax returns covering prior tax years. Based on those filings, the Company reported net operating loss carryforwards (“NOLs”) of approximately $8.7 million for federal income tax purposes. These filings remain subject to examination by the Internal Revenue Service, and no confirmation of the reported NOL amounts has been received. Under ASC 740, tax benefits are recognized only when it is more likely than not that the position will be sustained upon examination by taxing authorities. Due to the uncertainty surrounding the ultimate acceptance of the reported NOL amounts, the Company has not recognized a deferred tax asset related to these reported carryforwards as of December 31, 2025. For the years ended December 31, 2025, and 2024, the Company did not record a current or deferred income tax expense or benefit. The Company will continue to evaluate its tax positions and will recognize any deferred tax assets when the recognition threshold under ASC 740 is met.

8700000

(14) Equity / Capital Stock / Earnings per Share Capital Structure The Company’s authorized capital stock consists of: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">20,000,000,000 shares of common stock, no par value;</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">105,000 shares of Series A Preferred Stock, no par value;</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">33,000 shares of Series B Preferred Stock, no par value;</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">100,000 shares of Series C Preferred Stock, no par value;</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">35,000 shares of Series D Preferred Stock, $25 par value;</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">7,100,000 shares of Series NMC Preferred Stock, $25 par value; and</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">42,627,000 shares of undesignated preferred stock, no par value.</td></tr></table> As of December 31, 2025, and December 31, 2024, the following classes and series of capital stock were authorized and issued and outstanding. The table below also summarizes the par value, voting rights, and conversion terms applicable to each class and series. Schedule of stockholders equity <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 14%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Series</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Par Value</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">Authorized</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 14%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">Outstanding 12/31/2025</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 14%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">Outstanding 12/31/2024</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 14%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Votes Per Share</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 14%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Conversion Ratio</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Common</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">No par</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">20,000,000,000</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">6,211,776,842</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">4,347,776,842</td> <td id="xdx_98B_eus-gaap--CommonStockVotingRights_c20250101__20251231_zufSsirmqzz3" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center" title="Voting Rights">1 vote per share</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">N/A</td></tr> <tr style="background-color: White"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Series A</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">No par</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">105,000</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">105,000</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">105,000</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">3,000 votes per share</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">None</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Series B</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">No par</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">33,000</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">13,500</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">13,500</td> <td id="xdx_98C_eus-gaap--PreferredStockVotingRights_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesBPreferredStockMember_zFyuCxUmN9Kd" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">1,000 votes per share</td> <td id="xdx_985_eus-gaap--ConvertiblePreferredStockTermsOfConversion_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesBPreferredStockMember_zw8S1xblBd9j" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center" title="Conversion terms">1 : 1,000</td></tr> <tr style="background-color: White"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Series C</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">No par</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">100,000</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">9,404</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8,249</td> <td id="xdx_98F_eus-gaap--PreferredStockVotingRights_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesCPreferredStockMember_zvpHDn2aHJF5" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">400,000 votes per share</td> <td id="xdx_988_eus-gaap--ConvertiblePreferredStockTermsOfConversion_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesCPreferredStockMember_zMHTFmxfMBBj" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">1 : 400,000</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Series D</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$25 par </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">35,000</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">0</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">700</td> <td id="xdx_98B_eus-gaap--PreferredStockVotingRights_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesDPreferredStockMember_zHTzZAPJIRHb" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">25,000 votes per share</td> <td id="xdx_980_eus-gaap--ConvertiblePreferredStockTermsOfConversion_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesDPreferredStockMember_zB401VmhTjY9" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">1 : 25,000</td></tr> <tr style="background-color: White"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Series NMC</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$25 par </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">7,100,000</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">6,900,000</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">6,900,000</td> <td id="xdx_98C_eus-gaap--PreferredStockVotingRights_c20250101__20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesNMCPreferredStockMember_z6goMfYxFm95" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"> 500 votes per share</td> <td id="xdx_989_eus-gaap--ConvertiblePreferredStockTermsOfConversion_c20250101__20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesNMCPreferredStockMember_zssxBgxNFlJd" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">1 : 500</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="padding-right: 5.4pt; padding-left: 5.4pt">Undesignated Preferred Stock</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">No par</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">42,627,000</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">0</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">0</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">N/A</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">N/A</td></tr> </table> Common Stock Each share of common stock entitles the holder to one vote on all matters submitted to shareholders. Holders of common stock are entitled to receive dividends when and if declared by the Board of Directors, subject to any preferential rights of outstanding preferred stock. In the event of liquidation, holders of common stock are entitled to share ratably in the Company’s assets remaining after payment of liabilities and satisfaction of any preferential rights of preferred stockholders. As of December 31, 2025, and December 31, 2024, there were 6,211,776,842 and 4,347,776,842 shares of common stock issued and outstanding, respectively. Preferred Stock Series A Preferred Stock The Series A Preferred Stock is non-convertible and entitles the holder to 3,000 votes per share on all matters submitted to shareholders. The Series A Preferred Stock does not carry dividend rights or liquidation preferences separate from common stock unless otherwise provided in its certificate of designation. As of December 31, 2025, and December 31, 2024, there were <span id="xdx_900_eus-gaap--PreferredStockSharesOutstanding_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesAPreferredStockMember_z0fMvNz4nrw5" title="Preferred Stock, Shares Outstanding"><span id="xdx_900_eus-gaap--PreferredStockSharesOutstanding_iI_pid_uShares_c20241231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesAPreferredStockMember_zDw2hmqILEd9" title="Preferred Stock, Shares Outstanding">105,000 shares of Series A Preferred Stock issued and outstanding. Series B Preferred Stock Each share of Series B Preferred Stock is convertible into 1,000 shares of common stock. Each share carries 1,000 votes per share on matters submitted to shareholders. The Series B Preferred Stock does not have a mandatory redemption feature. As of December 31, 2025, and December 31, 2024, there were <span id="xdx_908_eus-gaap--PreferredStockSharesOutstanding_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesBPreferredStockMember_zoYIqa2EltD2" title="Preferred Stock, Shares Outstanding"><span id="xdx_90D_eus-gaap--PreferredStockSharesOutstanding_iI_pid_uShares_c20241231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesBPreferredStockMember_zve5lGfOt9cl" title="Preferred Stock, Shares Outstanding">13,500 shares of Series B Preferred Stock issued and outstanding. The Series B Preferred Stock does not carry dividend rights or liquidation preferences separate from common stock unless otherwise provided in its certificate of designation. Series C Preferred Stock Each share of Series C Preferred Stock is convertible into 400,000 shares of common stock. Each share carries 400,000 votes per share. Conversion terms are fixed and not subject to variable price adjustments. The Series C Preferred Stock does not contain a mandatory redemption provision. As of December 31, 2025, and December 31, 2024, there were <span id="xdx_90D_eus-gaap--PreferredStockSharesOutstanding_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesCPreferredStockMember_zB0QkcLowcMa" title="Preferred Stock, Shares Outstanding">9,404 and <span id="xdx_904_eus-gaap--PreferredStockSharesOutstanding_iI_pid_uShares_c20241231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesCPreferredStockMember_z7O1nlIL4CV9" title="Preferred Stock, Shares Outstanding">8,249 shares of Series C Preferred Stock issued and outstanding, respectively. The Series C Preferred Stock does not carry dividend rights or liquidation preferences separate from common stock unless otherwise provided in its certificate of designation. Series D Preferred Stock Each share of Series D Preferred Stock is convertible into 25,000 shares of common stock and carries 25,000 votes per share. As of December 31, 2025, and December 31, 2024, there were <span id="xdx_900_eus-gaap--PreferredStockSharesOutstanding_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesDPreferredStockMember_ziC3ViAF3lwk" title="Preferred Stock, Shares Outstanding">0 and <span id="xdx_905_eus-gaap--PreferredStockSharesOutstanding_iI_pid_uShares_c20241231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesDPreferredStockMember_znvvscOIQxHe" title="Preferred Stock, Shares Outstanding">700 shares of Series D Preferred Stock issued and outstanding, respectively. The Series D Preferred Stock does not carry dividend rights or liquidation preferences separate from common stock unless otherwise provided in its certificate of designation. Series NMC Preferred Stock Each share of Series NMC Preferred Stock is convertible into 500 shares of common stock and carries 500 votes per share. As of December 31, 2025, and December 31, 2024, there were <span id="xdx_908_eus-gaap--PreferredStockSharesIssued_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesNMCPreferredStockMember_zzLemkmUAWQ7" title="Preferred Stock, Shares Issued"><span id="xdx_903_eus-gaap--PreferredStockSharesOutstanding_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesNMCPreferredStockMember_zhqQ4YXLNksi" title="Preferred Stock, Shares Outstanding"><span id="xdx_904_eus-gaap--PreferredStockSharesIssued_iI_pid_uShares_c20241231__us-gaap--StatementClassOfStockAxis__custom--SeriesNMCPreferredStockMember_zoR2BLs3NIPk" title="Preferred Stock, Shares Issued"><span id="xdx_905_eus-gaap--PreferredStockSharesOutstanding_iI_pid_uShares_c20241231__us-gaap--StatementClassOfStockAxis__custom--SeriesNMCPreferredStockMember_zOAGMXu5tqlc" title="Preferred Stock, Shares Outstanding">6,900,000 shares of Series NMC Preferred Stock issued and outstanding. The Series NMC Preferred Stock does not carry dividend rights or liquidation preferences separate from common stock unless otherwise provided in its certificate of designation. The Series NMC Preferred Stock includes a structured sinking fund repurchase mechanism pursuant to which the Company may, at its discretion, make repurchase offers to holders from time to time. The repurchase price accretes at a rate of <span id="xdx_90F_ecustom--RepurchasePriceAccretesRate_pid_dp_uRatio_c20250101__20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesNMCPreferredStockMember_zrwy1nMKbuN4" title="Repurchase price accretes rate">5% per annum, subject to a minimum repurchase price of $25.40 per share. Upon the making of a repurchase offer, each holder must elect either to accept the repurchase price in cash or to convert such holder’s shares into common stock pursuant to the stated conversion ratio. The holder’s election is final with respect to that offer. The Series NMC Preferred Stock does not contain a fixed redemption date and does not provide holders with the unilateral right to require cash redemption absent a Company-initiated offer. Accordingly, the Series NMC Preferred Stock is classified as equity in accordance with ASC 480. Undesignated Preferred Stock The Company is authorized to issue <span id="xdx_902_eus-gaap--PreferredStockSharesAuthorized_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__custom--UndesignatedPreferredstockMember_ztUv9U1Ds8ja" title="Preferred stock, shares authorized">42,627,000 shares of undesignated preferred stock. The Board of Directors has the authority, without further shareholder approval, to issue such shares in one or more series and to determine the voting rights, dividend rights, conversion features, liquidation preferences, and other terms of each series. <span id="xdx_90C_eus-gaap--PreferredStockSharesIssued_iI_pid_do_uShares_c20251231__us-gaap--StatementClassOfStockAxis__custom--UndesignatedPreferredstockMember_zhUmfMIOULFb" title="Preferred Stock, Shares Issued"><span id="xdx_90F_eus-gaap--PreferredStockSharesOutstanding_iI_pid_do_uShares_c20251231__us-gaap--StatementClassOfStockAxis__custom--UndesignatedPreferredstockMember_zRzTuxp1QMLf" title="Preferred Stock, Shares Outstanding"><span id="xdx_905_eus-gaap--PreferredStockSharesIssued_iI_pid_do_uShares_c20241231__us-gaap--StatementClassOfStockAxis__custom--UndesignatedPreferredstockMember_ziuhMy0DksQk" title="Preferred Stock, Shares Issued"><span id="xdx_900_eus-gaap--PreferredStockSharesOutstanding_iI_pid_do_uShares_c20241231__us-gaap--StatementClassOfStockAxis__custom--UndesignatedPreferredstockMember_zfIzc4b3CJPc" title="Preferred Stock, Shares Outstanding">No shares of undesignated preferred stock were issued or outstanding as of December 31, 2025, or 2024. Common Stock Activity During the year ended December 31, 2024, the Company reclaimed and cancelled <span id="xdx_908_eus-gaap--StockRepurchasedAndRetiredDuringPeriodShares_pid_uShares_c20240101__20241231__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zOmwXY9Vzg2f" title="Common stock reclaimed and cancelled during period, shares">9,544,690 shares of common stock pursuant to the Final Judgment in SEC v. Keener (1:20-cv-21254-BB), reducing the number of shares outstanding. As of December 31, 2024, the Company had 4,347,776,842 shares of common stock issued and outstanding. During the year ended December 31, 2025, the Company issued an aggregate of 1,864,000,000 shares of common stock, increasing the total shares outstanding from 4,347,776,842 at December 31, 2024, to 6,211,776,842 at December 31, 2025. Significant issuances during the year included: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify"><span id="xdx_90B_eus-gaap--ConversionOfStockSharesIssued1_pid_uShares_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesDPreferredStockMember_za5XP6UfOJDi" title="Conversion of Stock, Shares Issued">1,500,000,000 shares issued upon conversion of <span id="xdx_90C_eus-gaap--ConversionOfStockSharesConverted1_pid_uShares_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesDPreferredStockMember_zZxBZGM2iVBg" title="Conversion of Stock, Shares Converted">60,000 shares of Series D Preferred Stock at the stated conversion rate of <span id="xdx_901_ecustom--NumberOfCommonSharesIssuedOnConversionOfOnePreferredShare_pid_uShares_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesDPreferredStockMember_z70W7q5tgkG5" title="Number of common shares issued on conversion of one preferred share">25,000 common shares per preferred share;</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify"><span id="xdx_90E_eus-gaap--ConversionOfStockSharesIssued1_pid_uShares_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesCPreferredStockMember_zovxubDk4y3k" title="Conversion of Stock, Shares Issued">342,000,000 shares issued upon conversion of <span id="xdx_906_eus-gaap--ConversionOfStockSharesConverted1_pid_uShares_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesCPreferredStockMember_zISNh7hMmZW7" title="Conversion of Stock, Shares Converted">855 shares of Series C Preferred Stock at the stated conversion rate of <span id="xdx_90E_ecustom--NumberOfCommonSharesIssuedOnConversionOfOnePreferredShare_pid_uShares_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesCPreferredStockMember_zVBjDgzO5Mpe" title="Number of common shares issued on conversion of one preferred share">400,000 common shares per preferred share;</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">17,000,000 shares issued in exchange for equity securities of Creatd, Inc.; and</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">5,000,000 shares issued for investor awareness consulting services.</td></tr></table> All issuances were recorded at fair value on the respective issuance dates, with corresponding amounts recognized in additional paid-in capital. Preferred Stock Activity Series A Preferred Stock Activity During the Period There were <span id="xdx_900_eus-gaap--PreferredStockSharesOutstanding_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesAPreferredStockMember_zLuXDDj1W392" title="Preferred Stock, Shares Outstanding"><span id="xdx_900_eus-gaap--PreferredStockSharesOutstanding_iI_pid_uShares_c20241231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesAPreferredStockMember_zF3uZc7YGHpc" title="Preferred Stock, Shares Outstanding">105,000 shares of Series A Preferred Stock issued and outstanding as of December 31, 2025, and December 31, 2024, and no issuances, conversions, or other changes occurred during the period. Series B Preferred Stock Activity During the Period There were <span id="xdx_909_eus-gaap--PreferredStockSharesOutstanding_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesBPreferredStockMember_zYmV4W5th936" title="Preferred Stock, Shares Outstanding"><span id="xdx_90B_eus-gaap--PreferredStockSharesOutstanding_iI_pid_uShares_c20241231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesBPreferredStockMember_zVhbkcPL3sV9" title="Preferred Stock, Shares Outstanding">13,500 shares of Series B Preferred Stock issued and outstanding as of December 31, 2025, and December 31, 2024, and no issuances, conversions, or other changes occurred during the period. Series C Preferred Stock Activity During the Period During the year ended December 31, 2024, the Company issued shares of Series C Preferred Stock for aggregate recorded consideration of $<span id="xdx_90B_eus-gaap--StockIssuedDuringPeriodValueNewIssues_c20240101__20241231__us-gaap--StatementEquityComponentsAxis__custom--SeriesCPreferredStocksMember_zfNlPb640oj1" title="Stock sales for the period">429,480, consisting of a combination of cash and non-cash asset contributions, resulting in <span id="xdx_90E_eus-gaap--PreferredStockSharesOutstanding_iI_pid_uShares_c20241231__us-gaap--StatementClassOfStockAxis__custom--SeriesCPreferredStocksMember_zLqXO4MWRCqe" title="Preferred Stock, Shares Outstanding">8,249 shares issued and outstanding, represented by a balance of $499,485 at December 31, 2024. During the year ended December 31, 2025, the Company issued 2,010 shares of Series C Preferred Stock for aggregate recorded consideration of $<span id="xdx_90B_eus-gaap--StockIssuedDuringPeriodValueNewIssues_c20250101__20251231__us-gaap--StatementEquityComponentsAxis__custom--SeriesCPreferredStocksMember_zSIhlDTGcfq2" title="Stock sales for the period">431,700. During the same period, 855 shares of Series C Preferred Stock were converted into <span id="xdx_900_eus-gaap--ConversionOfStockSharesIssued1_pid_uShares_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesCPreferredStockMember_zmq3vIFtHNRc" title="Conversion of series D preferred, shares">342,000,000 shares of common stock at the stated conversion rate of <span id="xdx_906_ecustom--NumberOfCommonSharesIssuedOnConversionOfOnePreferredShare_pid_uShares_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesCPreferredStockMember_zgRT0z99zk1d" title="Number of common shares issued on conversion of one preferred share">400,000 common shares per preferred share, and the carrying value of $<span id="xdx_901_ecustom--StockIssuedDuringPeriodValueSharesIssuedForServicesShares_iN_di_c20250101__20251231__us-gaap--StatementEquityComponentsAxis__custom--SeriesCPreferredStocksMember_z912OmCCuEbh" title="Conversion of Series C Preferred into Common (non-cash)">102,600 associated with those shares was reclassified to additional paid-in-capital. As a result, Series C Preferred Stock increased from 8,249 shares, represented by a balance of $499,485 at December 31, 2024, to 9,404 shares, represented by a balance of $828,585 at December 31, 2025. Series D Preferred Stock Activity During the Period During the year ended December 31, 2024, the Company issued 700 shares of Series D Preferred Stock for aggregate recorded consideration of $17,500, consisting of a combination of cash and non-cash asset contributions, resulting in 700 shares issued and outstanding at December 31, 2024. During the year ended December 31, 2025, the Company issued <span id="xdx_90C_eus-gaap--SharesOutstanding_iI_pid_dxL_uShares_c20251231__us-gaap--StatementEquityComponentsAxis__custom--SeriesDPreferredStocksMember_zAFM9UQF5wI5" title="Series D Prefered Stock issued::XDX::-">59,300 shares of Series D Preferred Stock for aggregate recorded consideration of $1,482,500, consisting of a combination of cash and non-cash asset contributions, recorded at fair value on the issuance dates. During the same period, <span id="xdx_90D_eus-gaap--ConversionOfStockSharesConverted1_pid_uShares_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesDPreferredStockMember_zS7iH0MCP8y5" title="Conversion of Stock, Shares Converted">60,000 shares of Series D Preferred Stock, including the 700 shares outstanding at December 31, 2024, were converted into <span id="xdx_90D_eus-gaap--ConversionOfStockSharesIssued1_pid_uShares_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesDPreferredStockMember_zLApGoKAjqc6" title="Conversion of Stock, Shares Issued">1,500,000,000 shares of common stock at the stated conversion rate of <span id="xdx_901_ecustom--NumberOfCommonSharesIssuedOnConversionOfOnePreferredShare_pid_uShares_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesDPreferredStockMember_zW3egGF9WuW7" title="Number of common shares issued on conversion of one preferred share">25,000 common shares per preferred share, and the related carrying value of $1,500,000 was reclassified to additional paid-in capital. As a result, Series D Preferred Stock decreased from 700 shares, represented by a balance of $17,500 at December 31, 2024, to zero shares outstanding at December 31, 2025. Series NMC Preferred Stock Activity During the Period There were <span id="xdx_908_eus-gaap--PreferredStockSharesIssued_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesNMCPreferredStockMember_zOd1V8MI3DG7" title="Preferred Stock, Shares Issued"><span id="xdx_909_eus-gaap--PreferredStockSharesOutstanding_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesNMCPreferredStockMember_zZhUOHbkGf89" title="Preferred Stock, Shares Outstanding"><span id="xdx_90C_eus-gaap--PreferredStockSharesIssued_iI_pid_uShares_c20241231__us-gaap--StatementClassOfStockAxis__custom--SeriesNMCPreferredStockMember_zbcdKpSMT2vj" title="Preferred Stock, Shares Issued"><span id="xdx_900_eus-gaap--PreferredStockSharesOutstanding_iI_pid_uShares_c20241231__us-gaap--StatementClassOfStockAxis__custom--SeriesNMCPreferredStockMember_zzwyAVPGszS4" title="Preferred Stock, Shares Outstanding">6,900,000 shares of Series NMC Preferred Stock issued and outstanding as of December 31, 2025, and December 31, 2024, and no issuances, conversions, or redemptions occurred during the period. Warrants and Contractual Purchase Rights As of December 31, 2024, the Company had outstanding contractual purchase rights and warrants exercisable into 5,847,900,000 shares of common stock, consisting of 3,201 Series C contractual purchase rights, 2,750 Series C warrants, 700 Series D warrants, and 6,900,000 Series NMC warrants. Changes during the year ended December 31, 2025, primarily reflect the exercise of certain Series C contractual purchase rights and the issuance of additional Series D warrants in connection with financing transactions. The net increase in shares issuable during 2025 was primarily attributable to the issuance of Series D warrants issued in connection with financing transactions involving Series D Convertible Preferred Stock, partially offset by the exercise of certain Series C contractual purchase rights. As of December 31, 2025, the Company had outstanding contractual purchase rights and warrants exercisable pursuant to fixed contractual terms as defined in the respective agreements. These instruments are classified as equity in accordance with ASC 815-40 and ASC 480, as they are indexed to the Company’s own stock and do not require net cash settlement or otherwise meet the criteria for liability classification. The following table summarizes these instruments as of December 31, 2025: Schedule of instruments <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 95%"> <tr> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 35%; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt">Instrument</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 20%; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right">Instruments Outstanding</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 20%; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right">Common Shares Issuable per Instrument</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 20%; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right">Total Common Shares Issuable</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt">Series C contractual purchase rights (bespoke options)</td> <td id="xdx_98F_ecustom--InstrumentsSharesOutstanding_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesCContractualPurchaseRightsMember_zYlZJjeMvVr3" style="padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Instruments outstanding">1,861</td> <td id="xdx_985_ecustom--CommonSharesIssuablePerInstrument_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesCContractualPurchaseRightsMember_znhBIKMFXe35" style="padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Common shares issuable per instrument">400,000</td> <td id="xdx_989_ecustom--TotalCommonSharesIssuable_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesCContractualPurchaseRightsMember_znLj3mYFxoR1" style="padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Total common shares issuable">744,400,000</td></tr> <tr style="background-color: White"> <td style="padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt">Series C warrants</td> <td id="xdx_984_ecustom--InstrumentsSharesOutstanding_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesCWarrantsMember_ze9G1CFIKTWg" style="padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Instruments outstanding">2,750</td> <td id="xdx_98D_ecustom--CommonSharesIssuablePerInstrument_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesCWarrantsMember_zEuAUjTVCHOd" style="padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Common shares issuable per instrument">400,000</td> <td id="xdx_989_ecustom--TotalCommonSharesIssuable_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesCWarrantsMember_zlUT0TTDruPc" style="padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Total common shares issuable">1,100,000,000</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt">Series D warrants</td> <td id="xdx_987_ecustom--InstrumentsSharesOutstanding_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesDWarrantsMember_zMSjZwd4QbUk" style="padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Instruments outstanding">60,000</td> <td id="xdx_98B_ecustom--CommonSharesIssuablePerInstrument_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesDWarrantsMember_zc0hSX0UNjEj" style="padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Common shares issuable per instrument">25,000</td> <td id="xdx_988_ecustom--TotalCommonSharesIssuable_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesDWarrantsMember_z6enFWCF2xs2" style="padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Total common shares issuable">1,500,000,000</td></tr> <tr style="background-color: White"> <td style="border-bottom: Black 1pt solid; padding-top: 0.75pt">Series NMC warrants</td> <td id="xdx_987_ecustom--InstrumentsSharesOutstanding_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesNMCWarrantsMember_zErfDPvF3Jgj" style="border-bottom: Black 1pt solid; padding-top: 0.75pt; text-align: right" title="Instruments outstanding">6,900,000</td> <td id="xdx_98B_ecustom--CommonSharesIssuablePerInstrument_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesNMCWarrantsMember_zGcIpB4Nk8pl" style="border-bottom: Black 1pt solid; padding-top: 0.75pt; text-align: right" title="Common shares issuable per instrument">500</td> <td id="xdx_986_ecustom--TotalCommonSharesIssuable_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesNMCWarrantsMember_zV3cdgx4Qnj2" style="border-bottom: Black 1pt solid; padding-top: 0.75pt; text-align: right" title="Total common shares issuable">3,450,000,000</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt">Total</td> <td id="xdx_98C_ecustom--InstrumentsSharesOutstanding_iI_pid_d0_uShares_c20251231_zBecgJ4F9Nhd" style="padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Instruments outstanding">—</td> <td id="xdx_988_ecustom--CommonSharesIssuablePerInstrument_iI_pid_d0_uShares_c20251231_zr5GG0EekCP7" style="padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Common shares issuable per instrument">—</td> <td id="xdx_985_ecustom--TotalCommonSharesIssuable_iI_pid_uShares_c20251231_z7jWZoPxaWJ7" style="padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Total common shares issuable">6,794,400,000</td></tr> </table> If exercised in full, these contractual purchase rights and warrants would result in the issuance of up to 6,794,400,000 additional shares of the Company’s common stock, resulting in substantial dilution to existing common shareholders. Convertible Preferred Stock As of December 31, 2024, the Company had outstanding convertible preferred stock that was convertible into 6,780,600,000 shares of common stock pursuant to fixed conversion ratios. As of December 31, 2025, the Company had outstanding shares of convertible preferred stock that were convertible into shares of the Company’s common stock pursuant to fixed conversion ratios defined in the respective certificates of designation. These preferred shares are classified as equity in accordance with ASC 480 and ASC 815-40. The following table summarizes the preferred stock outstanding and the number of common shares issuable upon conversion as of December 31, 2025: Schedule of preferred stock outstanding <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 90%; border-collapse: collapse"> <tr> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 54%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Series</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Preferred Shares Outstanding</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Conversion Ratio (Common per Preferred)</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Common Shares Issuable</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="padding-right: 5.4pt; padding-left: 5.4pt">Series B Convertible Preferred Stock</td> <td id="xdx_98E_eus-gaap--PreferredStockSharesOutstanding_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesBPreferredStockMember_zgZpMtrv85M6" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right" title="Preferred stock outstanding">13,500</td> <td id="xdx_98D_ecustom--NumberOfCommonSharesIssuedOnConversionOfOnePreferredShare_pid_uShares_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesBPreferredStockMember_zXslyD6J6c9a" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right" title="Conversion of stock, shares converted">1,000</td> <td id="xdx_984_ecustom--ConversionOfStockCommonSharesIssued_pid_uShares_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesBPreferredStockMember_zQmj7E4sqzl6" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right" title="Common shares issuable">13,500,000</td></tr> <tr style="background-color: White"> <td style="padding-right: 5.4pt; padding-left: 5.4pt">Series C Convertible Preferred Stock</td> <td id="xdx_981_eus-gaap--PreferredStockSharesOutstanding_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesCPreferredStockMember_zjc7B7ZB2Vv2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right" title="Preferred stock outstanding">9,404</td> <td id="xdx_982_ecustom--NumberOfCommonSharesIssuedOnConversionOfOnePreferredShare_pid_uShares_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesCPreferredStockMember_zKLARcftaW36" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right" title="Conversion of stock, shares converted">400,000</td> <td id="xdx_98E_ecustom--ConversionOfStockCommonSharesIssued_pid_uShares_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesCPreferredStockMember_zgyGz0A1lxl7" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right" title="Common shares issuable">3,761,600,000</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">Series NMC Convertible Preferred Stock</td> <td id="xdx_982_eus-gaap--PreferredStockSharesOutstanding_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesNMCConvertiblePreferredStockMember_z71yS8dZ3vf8" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right" title="Preferred stock outstanding">6,900,000</td> <td id="xdx_985_ecustom--NumberOfCommonSharesIssuedOnConversionOfOnePreferredShare_pid_uShares_c20250101__20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesNMCConvertiblePreferredStockMember_zjALMJdUkIJl" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right" title="Conversion of stock, shares converted">500</td> <td id="xdx_986_ecustom--ConversionOfStockCommonSharesIssued_pid_uShares_c20250101__20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesNMCConvertiblePreferredStockMember_zfkQqOS4Iqdb" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right" title="Common shares issuable">3,450,000,000</td></tr> <tr style="background-color: White"> <td style="padding-right: 5.4pt; padding-left: 5.4pt">Total</td> <td id="xdx_98C_eus-gaap--PreferredStockSharesOutstanding_iI_pid_uShares_c20251231_ziiqWcKUw5ai" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right" title="Preferred stock outstanding">—</td> <td id="xdx_983_ecustom--NumberOfCommonSharesIssuedOnConversionOfOnePreferredShare_pid_uShares_c20250101__20251231_zOm0ag6uXk09" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right" title="Conversion of stock, shares converted">—</td> <td id="xdx_981_ecustom--ConversionOfStockCommonSharesIssued_pid_uShares_c20250101__20251231_zLr9PON0eadi" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right" title="Common shares issuable">7,225,100,000</td></tr> </table> If fully converted, these preferred shares would result in the issuance of up to 7,225,100,000 additional shares of common stock. Equity Classification of Convertible Instruments, Contractual Purchase Rights, and Warrants All outstanding convertible preferred stock, contractual purchase rights, and warrants are classified as equity instruments in accordance with ASC 480, Distinguishing Liabilities from Equity, and ASC 815-40, Derivatives and Hedging—Contracts in Entity’s Own Equity. These instruments are indexed to the Company’s own common stock and provide for settlement through the issuance of a fixed or determinable number of shares. None of these instruments require or permit net cash settlement, and the Company does not have an obligation to repurchase or redeem the instruments for cash or other assets. Accordingly, these instruments meet the criteria for equity classification and are presented as components of shareholders’ equity in the accompanying consolidated balance sheets. Shares Reserved for Future Issuance As of December 31, 2025, approximately 14,019,500,000 shares of the Company’s common stock were potentially issuable upon conversion of outstanding convertible preferred stock and the exercise of outstanding contractual purchase rights and warrants. The Company had 13,788,223,158 authorized but unissued shares of common stock available as of that date. Accordingly, the number of shares issuable upon conversion and exercise exceeded the number of authorized but unissued shares available as of December 31, 2025. The Company does not have a present obligation to issue shares in excess of its authorized share capital, and issuance of any additional shares beyond the authorized amount would require shareholder approval to amend the Company’s Certificate of Formation. No liability has been recorded in connection with these instruments, as settlement in shares in excess of authorized amounts is not presently required and remains subject to corporate authorization. Earnings Per Share Basic earnings (loss) per share is computed by dividing net income (loss) attributable to common stockholders by the weighted-average number of common shares outstanding during the period. Net income attributable to common stockholders reflects the deduction of cumulative dividends on the Company’s Series A Preferred Stock totaling $10,500 for the year ended December 31, 2024. For the year ended December 31, 2025, the Company reported a net loss and therefore the Series A preferred dividend was not deducted in computing loss per share. Diluted earnings (loss) per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. The Company applies the if-converted method for convertible preferred stock and the treasury stock method for warrants and contractual rights, in accordance with ASC 260. The following table sets forth the computation of earnings (loss) per share: Schedule of earnings per share <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; width: 90%; margin-right: auto"> <tr> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0.75pt; width: 40%"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right; width: 20%">Year Ended December 31, 2025</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right; width: 20%">Year Ended December 31, 2024</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: justify">Net income (loss)</td> <td id="xdx_98A_eus-gaap--ProfitLoss_c20250101__20251231_zMeeSFAnUI27" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Net income (loss)">$(291,519)</td> <td id="xdx_98F_eus-gaap--ProfitLoss_c20240101__20241231_zKvLbaInsSk6" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Net income (loss)">$396,762</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: justify">Less: Series A preferred dividend </td> <td id="xdx_98B_eus-gaap--PreferredStockDividendsAndOtherAdjustments_d0_c20250101__20251231_zZejbeSYoHde" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Net income (loss)">— </td> <td id="xdx_98F_eus-gaap--PreferredStockDividendsAndOtherAdjustments_c20240101__20241231_zfqTbIOQzm04" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Net income (loss)">$(10,500) </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: justify">Net income (loss) attributable to common stockholders </td> <td id="xdx_986_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_c20250101__20251231_zKWWQonoauIa" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Net income (loss)">$(291,519) </td> <td id="xdx_981_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_c20240101__20241231_zbi8tMSURdXf" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Net income (loss)">$386,262 </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: justify">Weighted average shares – basic</td> <td id="xdx_987_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pid_uShares_c20250101__20251231_zSO9s5DUIUfg" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Weighted average shares basic">4,835,385,747</td> <td id="xdx_98E_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pid_uShares_c20240101__20241231_z1uJlJchb67a" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Weighted average shares basic">4,352,178,005</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: justify">Basic earnings (loss) per share</td> <td id="xdx_98D_eus-gaap--EarningsPerShareBasic_pid_uUSDPShares_c20250101__20251231_zKuBwxKz31Uh" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Basic earnings (loss) per share">$(0.00006)</td> <td id="xdx_987_eus-gaap--EarningsPerShareBasic_pid_uUSDPShares_c20240101__20241231_zoNyJALAtipj" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Basic earnings (loss) per share">$0.000089</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: justify">Weighted average shares – diluted</td> <td id="xdx_984_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pid_uShares_c20250101__20251231_zgXCmsH0uv91" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Weighted average shares diluted">4,835,385,747</td> <td id="xdx_980_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pid_uShares_c20240101__20241231_zhxnHaaVsVr2" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Weighted average shares diluted">5,953,338,005</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: justify">Diluted earnings (loss) per share</td> <td id="xdx_98F_eus-gaap--EarningsPerShareDiluted_pid_uUSDPShares_c20250101__20251231_zfcRPpANjjsb" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Diluted earnings (loss) per share">$(0.00006)</td> <td id="xdx_987_eus-gaap--EarningsPerShareDiluted_pid_dxL_uUSDPShares_c20240101__20241231_zR4rI9AFFTdb" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Diluted earnings (loss) per share::XDX::0.000065">$0.000065</td></tr> </table> During the year ended December 31, 2024, diluted earnings per share reflects the inclusion of incremental shares resulting from in-the-money Series C contractual purchase rights and Series C warrants, calculated using the treasury stock method in accordance with ASC 260-10-45-11. The weighted average shares outstanding were increased by 501,160,000 shares related to contractual purchase rights and 1,100,000,000 shares related to warrants, resulting in total diluted weighted average shares outstanding of 5,953,338,005. For the year ended December 31, 2025, the Company reported a net loss. Accordingly, all potentially dilutive securities were excluded from the calculation of diluted net loss per share because their inclusion would have been anti-dilutive. Potentially dilutive securities excluded for 2025 included: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Series A Preferred Stock</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Series B Preferred Stock</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Series C Convertible Preferred Stock</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Series D Convertible Preferred Stock</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Series NMC $25 Convertible Preferred Stock</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Outstanding warrants and contractual purchase rights</td></tr></table> For the year ended December 31, 2024, diluted earnings per share reflects the inclusion of dilutive contractual purchase rights and warrants calculated using the treasury stock method. Convertible preferred stock was excluded because its inclusion would have been anti-dilutive.

As of December 31, 2025, and December 31, 2024, the following classes and series of capital stock were authorized and issued and outstanding. The table below also summarizes the par value, voting rights, and conversion terms applicable to each class and series. Schedule of stockholders equity <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 14%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Series</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 8%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Par Value</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 20%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">Authorized</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 2%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 14%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">Outstanding 12/31/2025</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 14%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">Outstanding 12/31/2024</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 14%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Votes Per Share</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 14%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Conversion Ratio</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Common</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">No par</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">20,000,000,000</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">6,211,776,842</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">4,347,776,842</td> <td id="xdx_98B_eus-gaap--CommonStockVotingRights_c20250101__20251231_zufSsirmqzz3" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center" title="Voting Rights">1 vote per share</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">N/A</td></tr> <tr style="background-color: White"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Series A</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">No par</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">105,000</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">105,000</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">105,000</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">3,000 votes per share</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">None</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Series B</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">No par</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">33,000</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">13,500</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">13,500</td> <td id="xdx_98C_eus-gaap--PreferredStockVotingRights_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesBPreferredStockMember_zFyuCxUmN9Kd" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">1,000 votes per share</td> <td id="xdx_985_eus-gaap--ConvertiblePreferredStockTermsOfConversion_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesBPreferredStockMember_zw8S1xblBd9j" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center" title="Conversion terms">1 : 1,000</td></tr> <tr style="background-color: White"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Series C</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">No par</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">100,000</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">9,404</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">8,249</td> <td id="xdx_98F_eus-gaap--PreferredStockVotingRights_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesCPreferredStockMember_zvpHDn2aHJF5" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">400,000 votes per share</td> <td id="xdx_988_eus-gaap--ConvertiblePreferredStockTermsOfConversion_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesCPreferredStockMember_zMHTFmxfMBBj" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">1 : 400,000</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Series D</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$25 par </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">35,000</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">0</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">700</td> <td id="xdx_98B_eus-gaap--PreferredStockVotingRights_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesDPreferredStockMember_zHTzZAPJIRHb" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">25,000 votes per share</td> <td id="xdx_980_eus-gaap--ConvertiblePreferredStockTermsOfConversion_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesDPreferredStockMember_zB401VmhTjY9" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">1 : 25,000</td></tr> <tr style="background-color: White"> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Series NMC</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">$25 par </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">7,100,000</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">6,900,000</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">6,900,000</td> <td id="xdx_98C_eus-gaap--PreferredStockVotingRights_c20250101__20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesNMCPreferredStockMember_z6goMfYxFm95" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"> 500 votes per share</td> <td id="xdx_989_eus-gaap--ConvertiblePreferredStockTermsOfConversion_c20250101__20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesNMCPreferredStockMember_zssxBgxNFlJd" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">1 : 500</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="padding-right: 5.4pt; padding-left: 5.4pt">Undesignated Preferred Stock</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">No par</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">42,627,000</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt"> </td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">0</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right">0</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">N/A</td> <td style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">N/A</td></tr> </table>

20000000000

6211776842

4347776842

1 vote per share

105000

3,000 votes per share

33000

13500

1,000 votes per share

1 : 1,000

100000

9404

8249

400,000 votes per share

1 : 400,000

35000

700

25,000 votes per share

1 : 25,000

7100000

6900000

500 votes per share

1 : 500

42627000

6211776842

4347776842

105000

13500

9404

8249

700

6900000

0.05 25.40

42627000

9544690

4347776842

1864000000

4347776842

6211776842

1500000000

60000

25000

342000000

855

400000

17000000

5000000

105000

13500

429480

8249

499485

431700

855

342000000

400000 -102600

499485

828585

700

17500

60000

1500000000

25000

6900000

As of December 31, 2024, the Company had outstanding contractual purchase rights and warrants exercisable into 5,847,900,000 shares of common stock, consisting of 3,201 Series C contractual purchase rights, 2,750 Series C warrants, 700 Series D warrants, and 6,900,000 Series NMC warrants. Changes during the year ended December 31, 2025, primarily reflect the exercise of certain Series C contractual purchase rights and the issuance of additional Series D warrants in connection with financing transactions. Schedule of instruments <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 95%"> <tr> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 35%; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt">Instrument</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 20%; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right">Instruments Outstanding</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 20%; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right">Common Shares Issuable per Instrument</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 20%; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right">Total Common Shares Issuable</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt">Series C contractual purchase rights (bespoke options)</td> <td id="xdx_98F_ecustom--InstrumentsSharesOutstanding_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesCContractualPurchaseRightsMember_zYlZJjeMvVr3" style="padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Instruments outstanding">1,861</td> <td id="xdx_985_ecustom--CommonSharesIssuablePerInstrument_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesCContractualPurchaseRightsMember_znhBIKMFXe35" style="padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Common shares issuable per instrument">400,000</td> <td id="xdx_989_ecustom--TotalCommonSharesIssuable_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesCContractualPurchaseRightsMember_znLj3mYFxoR1" style="padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Total common shares issuable">744,400,000</td></tr> <tr style="background-color: White"> <td style="padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt">Series C warrants</td> <td id="xdx_984_ecustom--InstrumentsSharesOutstanding_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesCWarrantsMember_ze9G1CFIKTWg" style="padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Instruments outstanding">2,750</td> <td id="xdx_98D_ecustom--CommonSharesIssuablePerInstrument_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesCWarrantsMember_zEuAUjTVCHOd" style="padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Common shares issuable per instrument">400,000</td> <td id="xdx_989_ecustom--TotalCommonSharesIssuable_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesCWarrantsMember_zlUT0TTDruPc" style="padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Total common shares issuable">1,100,000,000</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt">Series D warrants</td> <td id="xdx_987_ecustom--InstrumentsSharesOutstanding_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesDWarrantsMember_zMSjZwd4QbUk" style="padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Instruments outstanding">60,000</td> <td id="xdx_98B_ecustom--CommonSharesIssuablePerInstrument_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesDWarrantsMember_zc0hSX0UNjEj" style="padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Common shares issuable per instrument">25,000</td> <td id="xdx_988_ecustom--TotalCommonSharesIssuable_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesDWarrantsMember_z6enFWCF2xs2" style="padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Total common shares issuable">1,500,000,000</td></tr> <tr style="background-color: White"> <td style="border-bottom: Black 1pt solid; padding-top: 0.75pt">Series NMC warrants</td> <td id="xdx_987_ecustom--InstrumentsSharesOutstanding_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesNMCWarrantsMember_zErfDPvF3Jgj" style="border-bottom: Black 1pt solid; padding-top: 0.75pt; text-align: right" title="Instruments outstanding">6,900,000</td> <td id="xdx_98B_ecustom--CommonSharesIssuablePerInstrument_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesNMCWarrantsMember_zGcIpB4Nk8pl" style="border-bottom: Black 1pt solid; padding-top: 0.75pt; text-align: right" title="Common shares issuable per instrument">500</td> <td id="xdx_986_ecustom--TotalCommonSharesIssuable_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesNMCWarrantsMember_zV3cdgx4Qnj2" style="border-bottom: Black 1pt solid; padding-top: 0.75pt; text-align: right" title="Total common shares issuable">3,450,000,000</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt">Total</td> <td id="xdx_98C_ecustom--InstrumentsSharesOutstanding_iI_pid_d0_uShares_c20251231_zBecgJ4F9Nhd" style="padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Instruments outstanding">—</td> <td id="xdx_988_ecustom--CommonSharesIssuablePerInstrument_iI_pid_d0_uShares_c20251231_zr5GG0EekCP7" style="padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Common shares issuable per instrument">—</td> <td id="xdx_985_ecustom--TotalCommonSharesIssuable_iI_pid_uShares_c20251231_z7jWZoPxaWJ7" style="padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Total common shares issuable">6,794,400,000</td></tr> </table> 1861 400000 744400000 2750 400000 1100000000 60000 25000 1500000000 6900000 500 3450000000 0 0 6794400000 6794400000 6780600000 Schedule of preferred stock outstanding <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 90%; border-collapse: collapse"> <tr> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 54%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Series</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Preferred Shares Outstanding</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Conversion Ratio (Common per Preferred)</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; width: 12%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">Common Shares Issuable</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="padding-right: 5.4pt; padding-left: 5.4pt">Series B Convertible Preferred Stock</td> <td id="xdx_98E_eus-gaap--PreferredStockSharesOutstanding_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesBPreferredStockMember_zgZpMtrv85M6" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right" title="Preferred stock outstanding">13,500</td> <td id="xdx_98D_ecustom--NumberOfCommonSharesIssuedOnConversionOfOnePreferredShare_pid_uShares_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesBPreferredStockMember_zXslyD6J6c9a" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right" title="Conversion of stock, shares converted">1,000</td> <td id="xdx_984_ecustom--ConversionOfStockCommonSharesIssued_pid_uShares_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesBPreferredStockMember_zQmj7E4sqzl6" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right" title="Common shares issuable">13,500,000</td></tr> <tr style="background-color: White"> <td style="padding-right: 5.4pt; padding-left: 5.4pt">Series C Convertible Preferred Stock</td> <td id="xdx_981_eus-gaap--PreferredStockSharesOutstanding_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesCPreferredStockMember_zjc7B7ZB2Vv2" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right" title="Preferred stock outstanding">9,404</td> <td id="xdx_982_ecustom--NumberOfCommonSharesIssuedOnConversionOfOnePreferredShare_pid_uShares_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesCPreferredStockMember_zKLARcftaW36" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right" title="Conversion of stock, shares converted">400,000</td> <td id="xdx_98E_ecustom--ConversionOfStockCommonSharesIssued_pid_uShares_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesCPreferredStockMember_zgyGz0A1lxl7" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right" title="Common shares issuable">3,761,600,000</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">Series NMC Convertible Preferred Stock</td> <td id="xdx_982_eus-gaap--PreferredStockSharesOutstanding_iI_pid_uShares_c20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesNMCConvertiblePreferredStockMember_z71yS8dZ3vf8" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right" title="Preferred stock outstanding">6,900,000</td> <td id="xdx_985_ecustom--NumberOfCommonSharesIssuedOnConversionOfOnePreferredShare_pid_uShares_c20250101__20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesNMCConvertiblePreferredStockMember_zjALMJdUkIJl" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right" title="Conversion of stock, shares converted">500</td> <td id="xdx_986_ecustom--ConversionOfStockCommonSharesIssued_pid_uShares_c20250101__20251231__us-gaap--StatementClassOfStockAxis__custom--SeriesNMCConvertiblePreferredStockMember_zfkQqOS4Iqdb" style="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right" title="Common shares issuable">3,450,000,000</td></tr> <tr style="background-color: White"> <td style="padding-right: 5.4pt; padding-left: 5.4pt">Total</td> <td id="xdx_98C_eus-gaap--PreferredStockSharesOutstanding_iI_pid_uShares_c20251231_ziiqWcKUw5ai" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right" title="Preferred stock outstanding">—</td> <td id="xdx_983_ecustom--NumberOfCommonSharesIssuedOnConversionOfOnePreferredShare_pid_uShares_c20250101__20251231_zOm0ag6uXk09" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right" title="Conversion of stock, shares converted">—</td> <td id="xdx_981_ecustom--ConversionOfStockCommonSharesIssued_pid_uShares_c20250101__20251231_zLr9PON0eadi" style="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right" title="Common shares issuable">7,225,100,000</td></tr> </table>

13500

1000 13500000

9404

400000 3761600000

6900000

500 3450000000 7225100000 7225100000

10500

Schedule of earnings per share <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; width: 90%; margin-right: auto"> <tr> <td style="font: 10pt Times New Roman, Times, Serif; padding: 0.75pt; width: 40%"> </td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right; width: 20%">Year Ended December 31, 2025</td> <td style="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right; width: 20%">Year Ended December 31, 2024</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: justify">Net income (loss)</td> <td id="xdx_98A_eus-gaap--ProfitLoss_c20250101__20251231_zMeeSFAnUI27" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Net income (loss)">$(291,519)</td> <td id="xdx_98F_eus-gaap--ProfitLoss_c20240101__20241231_zKvLbaInsSk6" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Net income (loss)">$396,762</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: justify">Less: Series A preferred dividend </td> <td id="xdx_98B_eus-gaap--PreferredStockDividendsAndOtherAdjustments_d0_c20250101__20251231_zZejbeSYoHde" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Net income (loss)">— </td> <td id="xdx_98F_eus-gaap--PreferredStockDividendsAndOtherAdjustments_c20240101__20241231_zfqTbIOQzm04" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Net income (loss)">$(10,500) </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: justify">Net income (loss) attributable to common stockholders </td> <td id="xdx_986_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_c20250101__20251231_zKWWQonoauIa" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Net income (loss)">$(291,519) </td> <td id="xdx_981_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_c20240101__20241231_zbi8tMSURdXf" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Net income (loss)">$386,262 </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: justify">Weighted average shares – basic</td> <td id="xdx_987_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pid_uShares_c20250101__20251231_zSO9s5DUIUfg" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Weighted average shares basic">4,835,385,747</td> <td id="xdx_98E_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pid_uShares_c20240101__20241231_z1uJlJchb67a" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Weighted average shares basic">4,352,178,005</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: justify">Basic earnings (loss) per share</td> <td id="xdx_98D_eus-gaap--EarningsPerShareBasic_pid_uUSDPShares_c20250101__20251231_zKuBwxKz31Uh" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Basic earnings (loss) per share">$(0.00006)</td> <td id="xdx_987_eus-gaap--EarningsPerShareBasic_pid_uUSDPShares_c20240101__20241231_zoNyJALAtipj" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Basic earnings (loss) per share">$0.000089</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: justify">Weighted average shares – diluted</td> <td id="xdx_984_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pid_uShares_c20250101__20251231_zgXCmsH0uv91" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Weighted average shares diluted">4,835,385,747</td> <td id="xdx_980_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pid_uShares_c20240101__20241231_zhxnHaaVsVr2" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Weighted average shares diluted">5,953,338,005</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: justify">Diluted earnings (loss) per share</td> <td id="xdx_98F_eus-gaap--EarningsPerShareDiluted_pid_uUSDPShares_c20250101__20251231_zfcRPpANjjsb" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Diluted earnings (loss) per share">$(0.00006)</td> <td id="xdx_987_eus-gaap--EarningsPerShareDiluted_pid_dxL_uUSDPShares_c20240101__20241231_zR4rI9AFFTdb" style="font: 10pt Times New Roman, Times, Serif; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: right" title="Diluted earnings (loss) per share::XDX::0.000065">$0.000065</td></tr> </table>

-291519

396762

-10500

-291519

386262

4835385747

4352178005

-0.00006

0.000089

4835385747

5953338005

-0.00006

1100000000

5953338005

(15) Stock-Based Compensation Accounting Policy The Company accounts for share-based compensation in accordance with ASC 718, Compensation—Stock Compensation. Equity instruments issued in exchange for goods or services are measured at their grant-date fair value and recognized as compensation expense over the requisite service period. When equity instruments are fully vested at grant but relate to future service obligations, the Company records the grant-date fair value as a prepaid asset and amortizes such amount ratably over the service period. Investment Banking Services During the year ended December 31, 2025, the Company issued Series C Convertible Preferred Stock in exchange for investment banking services under two separate agreements with different investment banking firms. In February 2025, the Company issued 90 shares of Series C Convertible Preferred Stock. The shares were fully vested at grant. The aggregate grant-date fair value of these shares was $39,600, which was recognized as expense during the year ended December 31, 2025. Pursuant to the agreement, if no financing transaction occurs during the engagement term, the service provider has agreed to return <span id="xdx_905_ecustom--ContingentShareReturnPercentageIfNoFinancingTransaction_pid_dp_uRatio_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesCPreferredStockMember_zpS38JcAxVtb" title="Contingent Share Return Percentage If No Financing Transaction">50% of the shares issued. As of December 31, 2025, all shares remain issued and outstanding. In a separate ten-month investment banking engagement beginning in 2025 with a different investment banking firm, the Company granted a minimum of 50 shares of Series C Convertible Preferred Stock. The aggregate grant-date fair value of these shares was determined to be $134,000. Although the shares were fully vested at grant, they relate to a ten-month service obligation. Accordingly, the Company recorded the grant-date fair value as prepaid consulting expense and recognizes compensation expense ratably over the service period. During the year ended December 31, 2025, the Company recognized $26,800 of expense related to this engagement. As of December 31, 2025, $107,200 remained unrecognized and is included in prepaid expenses. Investor Outreach Services In October 2025, the Company issued 5,000,000 shares of common stock in exchange for investor awareness consulting services under a six-month agreement. The aggregate grant-date fair value of the shares was determined to be $31,000. Because the shares relate to a six-month service period, the Company recorded the fair value as prepaid consulting expense and recognizes compensation expense ratably over the service term. During the year ended December 31, 2025, the Company recognized $10,333 of stock-based compensation expense related to this agreement. As of December 31, 2025, $20,667 remained unrecognized and is included in prepaid expenses. Total Stock-Based Compensation Expense For the year ended December 31, 2025, the Company recognized total stock-based compensation expense of $81,733. Included in this amount is $5,000 related to a pricing discount provided in connection with a Series C preferred stock issuance.

39600

0.50 134000

26800

107200

5000000

31000

10333

20667

81733

5000

(16) Commitments and Contingencies The Company evaluates commitments and contingencies in accordance with ASC 450, Contingencies. A liability is recognized when it is probable that a loss has been incurred and the amount of loss can be reasonably estimated. If a loss is reasonably possible but not probable, the Company discloses the nature of the contingency and an estimate of possible loss, or a statement that such estimate cannot be made. The Company may be subject to contractual commitments, regulatory matters, environmental obligations, indemnification arrangements, guarantee arrangements, and legal proceedings in the ordinary course of business. As of December 31, 2025, the Company is not aware of any such matters that would have a material adverse effect on its financial position, results of operations, or cash flows. From time to time, the Company may receive informal assertions relating to legacy activities and matters, including historical financial instruments or alleged obligations. As of December 31, 2025, management does not believe any such matters require accrual or disclosure of a loss contingency. Legal proceedings and related loss contingencies are discussed in Note (18).

(17) Fair Value Measurements (ASC 820) Fair Value of Financial Instruments The Company evaluates and discloses the fair value of its financial instruments in accordance with ASC 820, Fair Value Measurement and ASC 825, Financial Instruments. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The guidance establishes a three-level hierarchy for fair value measurements based on the observability of inputs: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td>Level 1: Quoted prices in active markets for identical assets or liabilities.</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td>Level 2: Observable inputs other than quoted prices included within Level 1.</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td>Level 3: Unobservable inputs reflecting the Company’s own assumptions.</td></tr></table> The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable, and accrued expenses approximate fair value due to their short-term nature. Investments in Marketable Securities As of December 31, 2025, the Company held restricted, marketable equity securities that are carried at fair value based on Level 1 inputs. These securities are measured at fair value at each reporting date, with unrealized gains and losses recognized in Other Income / (Expense) in the Statement of Operations. The Company’s cost basis in these securities was $25,500, and their fair value as of December 31, 2025, was $51,300. Accordingly, the Company recognized an unrealized gain of $<span id="xdx_90B_eus-gaap--EquitySecuritiesFvNiUnrealizedGain_c20250101__20251231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member_z7mGnA0smuDk" title="Unrealized gain on investments in Marketable Securities">25,800 for the year ended December 31, 2025. Cash and Cash Equivalents For purposes of the Statements of Cash Flows, the Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents.

25500

51300

25800

(18) Legal Proceedings / Litigation Reserves As of December 31, 2025, the Company was not a party to any pending or threatened legal proceedings that are expected to have a material effect on its financial condition, results of operations, or cash flows. In accordance with ASC 450, Contingencies, the Company evaluates potential legal exposures and records a liability when it is probable that a loss has been incurred and the amount of loss can be reasonably estimated. As of December 31, 2025, no loss contingencies have been recorded and no litigation reserves have been established.

(19) Related Party Transactions (ASC 850) During the year ended December 31, 2025, the Company engaged in transactions with related parties in the ordinary course of business. Consulting Arrangements During 2025, the Company received consulting services from: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">MIS Consulting, Inc. (“MIS”), an entity owned and controlled by the Company’s President and Chief Executive Officer;</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">Abstract Concepts 1618 LLC (“Abstract”), a regularly engaged and compensated consultant of the Company; and</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">CRD News LLC (“CRD”), an entity owned and controlled by the Company’s President.</td></tr></table> MIS provides consulting services to the Company pursuant to a consulting agreement substantially similar in form to the agreements used with other consultants. James Burgauer serves as the designated consultant on behalf of MIS. Abstract provides consulting services to the Company pursuant to a consulting agreement substantially similar in form to the agreements used with other consultants. Lloyd Hendricks III is the manager of Abstract and serves as the designated consultant servicing the Company’s engagement. CRD provides investor list rental, email distribution services, list management, and related support services in the ordinary course of business. CRD also processes certain third-party pass-through costs on behalf of the Company, which are reimbursed by the Company. No amounts were outstanding to CRD as of December 31, 2025. Compensation for consulting and service arrangements was approved by management and is reflected in the accompanying financial statements. Regulation D Private Offering The Company commenced a private offering of Series D Preferred Stock pursuant to Regulation D, Rule 506(c), with a date of first sale of December 31, 2024, as reported on Form D. The offering continued through 2025 with a target raise of $1,500,000. At the time Abstract participated in 2025, approximately $120,000 in subscriptions had already been received from other investors. Abstract participated in the offering and acquired <span id="xdx_90A_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_pid_uShares_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesDPreferredStockMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AbstractMember_zyeSog3GKvm6">48,000 shares of Series D Preferred Stock, with an aggregate stated value of approximately $<span id="xdx_90B_eus-gaap--StockIssuedDuringPeriodValueNewIssues_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesDPreferredStockMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AbstractMember_zx0Y57azS2Tf">1,200,000, together with <span id="xdx_904_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_iI_pid_uShares_c20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AbstractMember__us-gaap--BusinessAcquisitionAxis__us-gaap--SeriesOfIndividuallyImmaterialBusinessAcquisitionsMember_zWkM4p4ZdJW9">48,000 warrants in accordance with the terms of the offering. These Series D shares were immediately converted into <span id="xdx_90E_eus-gaap--StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities_pid_uShares_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonStockMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AbstractMember_zLXFM0kME5f4">1,200,000,000 shares of common stock pursuant to the stated conversion ratio of <span id="xdx_905_eus-gaap--ConversionOfStockSharesConverted1_pid_uShares_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonStockMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AbstractMember_zSu29NdbtLt7">25,000 shares of common stock for each share of Series D Preferred Stock. Commodity Capital Advisors LLC (“Commodity Capital”), an entity managed by Abstract and partially owned by Abstract and the two adult children of the Company’s President, also participated in the offering and acquired <span id="xdx_905_eus-gaap--ConversionOfStockSharesConverted1_pid_uShares_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesDPreferredStockMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CommodityCapitalMember_zhBCLFYuawYc">7,200 shares of Series D Preferred Stock, with an aggregate stated value of approximately $<span id="xdx_90E_eus-gaap--StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesDPreferredStockMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CommodityCapitalMember_z3Atc0v1pb87">180,000, together with warrants in accordance with the terms of the offering, and immediately converted them into <span id="xdx_902_eus-gaap--StockIssuedDuringPeriodValueConversionOfConvertibleSecurities_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesDPreferredStockMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CommodityCapitalMember_zBwoDKTt49Y8">180,000,000 shares of the Company’s common stock pursuant to the stated conversion ratio of <span id="xdx_90A_eus-gaap--ConversionOfStockSharesConverted1_pid_uShares_c20250101__20251231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonStockMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CommodityCapitalMember_zwHOpVHv9Akf">25,000 shares of common stock for each share of Series D Preferred Stock. The participation by Abstract and Commodity Capital enabled the Company to complete the $<span id="xdx_90B_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AbstractMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CommodityCapitalMember_zeyqLDZDFHaj">1,500,000 target offering amount. The subscription consideration for the purchases by Abstract and Commodity Capital was satisfied through the transfer by Abstract to the Company, in full payment, of a derivative, fixed, terminating production payment royalty interest carved solely from Abstract’s existing royalty interest in an external project unrelated to the Company’s operations. In connection with the subscription transactions, the Company granted Abstract and Commodity Capital a contractual option to repurchase the transferred royalty interests. The option is exercisable at a price equal to 110% of the respective subscription amounts, with such repurchase price increasing at a rate of 2% per month, compounded monthly. The repurchase feature constitutes a contractual option only and does not create any obligation of the Company to repurchase or redeem any securities or otherwise repay any amount. The repurchase feature does not constitute indebtedness and does not obligate the holders to exercise. Related Party Line of Credit During the year ended December 31, 2025, MIS provided working capital financing to the Company pursuant to a revolving Line of Credit Agreement dated December 1, 2025. The Credit Line permits borrowings up to a maximum outstanding principal balance of $100,000. Advances under the facility accrue interest at rates agreed upon by the parties for each borrowing, but not less than the Applicable Federal Rate (AFR). The Credit Line is unsecured and payable on demand. As of December 31, 2025, approximately $6,000 was outstanding under the Credit Line. During 2025, Abstract advanced approximately $3,000 to the Company, which was repaid shortly thereafter. Related Party Guarantee In December 2025, the Company entered into a General Indemnity Agreement in connection with a surety bond issued by Indemnity National Insurance Company relating to the Company’s mineral lease operations. Under the agreement, the Company’s President executed the indemnity in his individual capacity as an indemnitor, thereby personally guaranteeing certain obligations of the Company under the bond. The Company did not provide additional consideration in exchange for this personal indemnity. Routine Expense Reimbursements Because the Company does not maintain corporate credit cards, the Company’s President regularly uses personal credit facilities to pay routine business expenses on behalf of the Company. A detailed accounting of such expenses is provided monthly, and the Company reimburses such amounts in the ordinary course of business. These reimbursements are non-interest-bearing and are not considered financing arrangements. Outstanding Related Party Balances As of December 31, 2025, amounts due to related parties included: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">approximately $7,700 payable to MIS for consulting services rendered in the ordinary course of business;</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">approximately $7,200 payable to Abstract for consulting services rendered in the ordinary course of business; and</td></tr></table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top"> <td style="width: 0.25in"></td><td style="width: 0.25in">●</td><td style="text-align: justify">approximately $6,923 payable to the Company’s President for routine business expenses charged to personal credit facilities and reimbursable in the ordinary course of business.</td></tr></table> These balances were unsecured and are expected to be settled in the ordinary course of business. Amounts outstanding under the MIS Line of Credit are separate obligations governed by the Credit Agreement described above.

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(20) Subsequent Events (ASC 855) The Company has evaluated events subsequent to December 31, 2025, through the date these financial statements were issued, in accordance with ASC 855, Subsequent Events. The following non-recognized subsequent events were identified: Arizona State Land Department Lease Renewal Subsequent to December 31, 2025, the Company obtained renewal of its Arizona State Land Department mineral lease. In connection with the renewal process, the Company was assessed renewal-related amounts relating to prior periods. Certain of these amounts were paid in 2026, and discussions with the Arizona State Land Department regarding the remaining assessments are ongoing. The renewal extends the Company’s rights under the lease pursuant to the terms of the agreement. Frost Bank Banking Arrangement Subsequent to December 31, 2025, the Company entered into a banking arrangement with Frost Bank. In connection with such arrangement, the Company’s President personally guaranteed certain obligations of the Company. No liability has been recorded in the accompanying financial statements related to this guarantee. Issuance of Contractual Purchase Rights Subsequent to December 31, 2025, during the month of January 2026, the Company issued additional contractual purchase rights (“bespoke options”) to acquire up to 375 shares of Series C Convertible Preferred Stock pursuant to consulting and other service provider arrangements. Each share of Series C Convertible Preferred Stock is convertible into <span id="xdx_90D_eus-gaap--ConvertiblePreferredStockSharesIssuedUponConversion_iI_pid_uShares_c20260131__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesCPreferredStockMember_zvru1H7U9LG6" title="Convertible stock">400,000 shares of the Company’s common stock. Accordingly, if fully exercised and converted, these contractual purchase rights would result in the issuance of up to <span id="xdx_906_eus-gaap--StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities_pid_uShares_c20260101__20260131__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonStockMember_zumhNI5hhVKk" title="Issuance of stock">150,000,000 shares of common stock. These contractual purchase rights were issued pursuant to contractual arrangements with service providers and did not result in the issuance of any preferred or common shares as of the date of these financial statements. As of the date of issuance of these financial statements, none of these contractual purchase rights had been exercised. Exercise of Series C Preferred Purchase Options Subsequent to December 31, 2025, on March 10, 2026, the Company’s President exercised options to acquire <span id="xdx_90F_ecustom--StockIssuedDuringPeriodSharesStocksOptionsExercised_pid_uShares_c20260101__20260310__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesCPreferredStockMember_z6aP2G9Szgsc" title="Options to acquire shares of Series C Convertible Preferred Stock exercised">125 shares of Series C Convertible Preferred Stock at an exercise price of $<span id="xdx_905_eus-gaap--ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice_pid_uUSDPShares_c20260101__20260310__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesCPreferredStockMember_zqJVxYlOI6Ee" title="Exercise price per share of Series C Convertible Preferred Stock">120 per share. Each share of Series C Convertible Preferred Stock is convertible into <span id="xdx_901_eus-gaap--ConvertiblePreferredStockSharesIssuedUponConversion_iI_pid_uShares_c20260310__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesCPreferredStockMember_z4SRKtx7jcpe" title="Convertible Preferred Stock, Common Stock Issuable upon Conversion">400,000 shares of the Company’s common stock. This event occurred subsequent to December 31, 2025, and therefore no adjustment has been made to the accompanying consolidated financial statements. Return and Cancellation of Series C Preferred Stock In the first quarter of 2026, the Company and Alpine Securities Corporation mutually agreed to the return and cancellation of 45 shares of Series C Preferred Stock that had previously been issued in connection with investment banking and related services. The shares were returned to the Company and cancelled. The Company expects to reverse the related stock-based compensation expense and additional paid-in capital associated with these shares in its financial statements for the period ending March 31, 2026. This event occurred subsequent to December 31, 2025, and therefore no adjustment has been made to the accompanying consolidated financial statements. Other Subsequent Events No other subsequent events requiring disclosure were identified.

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