v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 6,662,008 $ 308,096
Accounts receivable, net 731,328 11,106
Inventory 213,408
Prepaid expenses 262,278 4,560
Other receivables 4,138,770
Deferred offering costs 47,384 534,800
Current assets of discontinued operations 8,145
Total current assets 7,916,406 6,305,477
Property, plant and equipment, net 15,500 17,500
Deposits 22,039
Notes receivable 5,000,000
Interest receivable 250,000
Intangible assets, net 70,973,064 76,400,000
Goodwill 21,372,960
Operating lease right-of-use assets 23,360 201,433
Deferred tax asset 534,396
Total assets 84,178,330 104,853,805
Current liabilities:    
Accounts payable 1,443,266 2,898,683
Accrued liabilities 657,034 1,313,731
Other current liabilities 5,441
Loan payable, related party 415,000
Convertible note, net of debt discount - current portion 2,285,423
Operating lease liability - current 24,137 63,334
Warrant liability 10,914 919,935
Development agreement liability - current portion 600,000
Current liabilities of discontinued operations 5,346
Total current liabilities 2,735,351 7,906,893
Convertible notes, net of debt discount 612,275
Derivative liability 2,296,834
Operating lease liability - net of current portion 156,469
Development agreement liability 285,000 1,285,000
Deferred tax liability 11,037,595 13,524,213
Total liabilities 14,057,946 25,781,684
Commitments and contingencies (Note 15)
Stockholders’ equity (deficit):    
Common stock, $0.00001 par value; 100,000,000 shares authorized; 40,630,815 and 8,750,582 shares issued and outstanding as of December 31, 2025 and 2024, respectively 1,015,000 and 0 shares unvested as of December 31, 2025 and 2024, respectively 406 87
Additional paid-in capital 150,671,215 118,111,007
Accumulated deficit (80,551,237) (39,038,973)
Total stockholders’ equity 70,120,384 79,072,121
Total liabilities and stockholders’ equity 84,178,330 104,853,805
Series A Preferred Stock [Member]    
Stockholders’ equity (deficit):    
Preferred stock
Series B Preferred Stock [Member]    
Stockholders’ equity (deficit):    
Preferred stock
Series C Preferred Stock [Member]    
Stockholders’ equity (deficit):    
Preferred stock
Series X Preferred Stock [Member]    
Stockholders’ equity (deficit):    
Preferred stock
Related Party [Member]    
Current assets:    
Notes receivable - related party $ 1,300,000