v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalent $ 1,140,488 $ 1,193,567
Accounts receivable, net 199
Inventories 36,148 40,460
Prepaid expenses and vendor deposits 62,891 161,563
Restricted cash 100,000 553,232
TOTAL CURRENT ASSETS 1,339,726 1,948,822
Property, plant, and equipment, net of accumulated depreciation 7,789 80,541
Intangible assets, net of accumulated amortization 119,026 158,151
Right of use asset – operating lease, net 1,329 4,435
Other assets 28,500
TOTAL ASSETS 1,467,870 2,220,449
CURRENT LIABILITIES    
Accounts payable and accrued expenses 1,588,935 2,022,572
Line of credit 453,232
Operating lease liability, current 1,329 3,105
Due to related party 190,268
TOTAL CURRENT LIABILITIES 1,590,264 2,669,177
Operating lease liability, net of current 1,330
TOTAL LIABILITIES 1,590,264 2,670,507
COMMITMENTS AND CONTINGENCIES (SEE NOTE 9)
CONVERTIBLE PREFERRED STOCK    
Series E redeemable convertible preferred stock, $1,000 par value per share, 14,722 shares authorized, 1,111 shares issued and outstanding as of December 31, 2025 and 2024, respectively; aggregate liquidation preference of $1.1 million as of December 31, 2025 and 2024, respectively. 1,111,100 1,111,100
STOCKHOLDERS’ DEFICIT    
Common Stock, $0.0001 par value per share, 750,000,000,000 shares authorized; 525,156,418,606 and 481,266,632,384 shares issued and outstanding as of December 31, 2025 and 2024, respectively. 52,515,642 48,126,663
Additional paid-in capital 28,304,404 25,347,774
Accumulated deficit (82,053,540) (75,035,595)
TOTAL STOCKHOLDERS’ DEFICIT (1,233,494) (1,561,158)
TOTAL LIABILITIES, CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ DEFICIT $ 1,467,870 $ 2,220,449