v3.26.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 16,234,441 $ 18,078,300
Accounts receivable, net 5,498,687 7,954,116
Accounts receivable - related parties 476,710 465,691
Taxes receivable 468,208 595,434
Inventory 4,863,081 5,524,570
Prepaid expenses 665,289 652,224
Other current assets, net 2,276,108 2,167,818
Total current assets 30,482,524 35,438,153
Non-current assets:    
Goodwill & intangible assets, net 35,070,728 34,914,920
Property, plant & equipment, net 27,360,672 28,963,866
Investments 3,569,647 3,650,526
Deposits 6,319,264 6,315,584
Operating lease right-of-use assets 6,090,193 6,296,336
Other non-current assets 2,974,242 2,499,415
Total non-current assets 81,384,746 82,640,647
Total assets 111,867,270 118,078,800
Current liabilities:    
Accounts payable and accrued liabilities 18,374,031 20,572,774
Accounts payable - related parties 438,458 295,165
Current portion of operating lease liability 2,698,136 2,656,508
Current portion of long-term loan 8,032,261 10,581,035
Taxes payable 4,481,640 5,011,261
Other current liabilities 1,136,603 1,592,958
Deferred revenues 1,076,788 1,111,332
Contingent liability 233,988 228,667
Current portion of consideration payable - related parties 15,905,672 16,199,672
Current portion of consideration payable 881,947 1,317,526
Total current liabilities 53,259,524 59,566,898
Non-current liabilities:    
Non-current portion of operating lease liability 3,304,088 3,562,859
Non-current portion of long-term loan 4,854,214 6,590,907
Other non-current liabilities 19,044 19,510
Total non-current liabilities 8,177,346 10,173,276
Total liabilities 61,436,870 69,740,174
Shareholders' equity:    
Common stock: $0.00001 par value; 25,000,000 shares authorized; 12,640,919 and 12,641,023 shares issued and outstanding, respectively 126 126
Preferred stock, Series C: $0.00001 par value, 1,000 shares designated, 1,000 and 1,000 shares issued and outstanding, respectively 0 0
Stock payable 102,006 102,006
Stock payable - related party 573,154 573,154
Additional paid-in capital 83,180,297 82,933,355
Treasury stock, at cost (17,062 and 4,983 shares, respectively) (244,208) (244,208)
Accumulated other comprehensive income (loss) (4,076,810) (3,753,485)
Accumulated earnings (30,804,827) (33,065,622)
Total shareholders' equity of MRDN 48,729,738 46,545,326
Noncontrolling interests 1,700,662 1,793,300
Total equity 50,430,400 48,338,626
Total liabilities and equity 111,867,270 118,078,800
Series C Preferred Stock [Member]    
Shareholders' equity:    
Preferred stock, Series C: $0.00001 par value, 1,000 shares designated, 1,000 and 1,000 shares issued and outstanding, respectively $ 0 $ 0