v3.26.1
Liquidity
3 Months Ended
Mar. 31, 2026
Liquidity Abstract  
Liquidity

Note 2 - Liquidity

 

The condensed consolidated financial statements have been prepared in accordance with US generally accepted accounting principles, which assumes that the Company’s management will evaluate whether it will be able to meet its obligations and continue its operations in the normal course of business.

 

The Company had net income of $642,090 and positive cash provided by operating activities of $172,178 for the year ended December 31, 2025. While the Company had a net loss of $229,907 during the three months ended March 31, 2026, they recorded accumulated earnings of $71,100, had net working capital of $1,549,089, and reported cash of $1,145,005 as of March 31, 2026, which management believes is sufficient to meet its obligations over the next year. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company determine it shall be unable to continue as a going concern.