Note 2 - Liquidity and Going Concern Assessment |
3 Months Ended |
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Mar. 31, 2026 | |
| Notes to Financial Statements | |
| Substantial Doubt about Going Concern [Text Block] |
NOTE 2 – LIQUIDITY AND GOING CONCERN ASSESSMENT The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America, which contemplate continuation of the Company as a going concern. The Company has incurred recent operating losses and used cash in its operations, which raises substantial doubt about its ability to continue as a going concern for the twelve months following the issuance of these financial statements. The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty. Management continues to implement cost optimization and operational initiatives intended to improve liquidity and support a sustainable path toward profitability. The Company is actively evaluating financing alternatives, including potential debt or equity financing and other strategic arrangements, to strengthen its capital position. While there can be no assurance that such funding will be obtained on acceptable terms, Management’s plans are intended to improve liquidity and support the Company’s ability to continue operations; however, there can be no assurance these plans will be successful.
As of March 31, 2026, the Company had cash and cash equivalents of $2,732,739, net working capital of $8,483,730, an accumulated deficit of $97,505,233 and total assets and liabilities of $24,949,625 and $17,399,289, respectively.
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