v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 127,000 $ 65,000
Accounts receivable 1,758,000 1,434,000
Inventories 1,134,000 984,000
Prepaid expenses 111,000 90,000
TOTAL CURRENT ASSETS 3,130,000 2,573,000
Property and equipment, net 101,000 159,000
Right-of-use assets 1,530,000 45,000
Other noncurrent assets 200,000 450,000
TOTAL ASSETS 4,961,000 3,227,000
CURRENT LIABILITIES    
Accounts payable, accrued expenses and other current liabilities 1,444,000 1,312,000
Convertible notes payable 1,307,000 557,000
Lawsuit liability 1,159,000 1,157,000
Operating lease liability, current 250,000 51,000
Related party notes and advances payable 7,956,000 7,854,000
TOTAL CURRENT LIABILITIES 12,116,000 10,931,000
LONG TERM LIABILITIES    
Operating lease liability, non-current 1,316,000
Other long term liabilities 144,000 138,000
TOTAL LIABILITIES 13,576,000 11,069,000
REDEEMABLE CONVERTIBLE PREFERRED STOCK    
Preferred stock series A subject to possible redemption, 50,000,000 shares authorized: 25,000 issued and outstanding at stated redemption value of $1,000 per share as of March 31, 2026, and December 31, 2025, respectively 25,000,000 25,000,000
SHAREHOLDERS’ DEFICIT:    
Common Stock, par value $0.001 a share; 2,000,000,000 shares authorized as of March 31, 2026, and December 31, 2025: 183,983,122 shares issued and outstanding on March 31, 2026, and December 31, 2025 184,000 184,000
Additional paid-in capital 16,174,000 16,174,000
Accumulated deficit (49,973,000) (49,200,000)
TOTAL SHAREHOLDERS’ DEFICIT (33,615,000) (32,842,000)
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND SHAREHOLDERS’ DEFICIT $ 4,961,000 $ 3,227,000