Summary of Significant Accounting Policies (Policies) |
3 Months Ended | |||||||||
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Mar. 31, 2026 | ||||||||||
| Accounting Policies [Abstract] | ||||||||||
| Basis of Presentation | Basis of Presentation
The accompanying unaudited interim financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the rules and regulations of the Securities and Exchange Commission (“SEC”). In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of the Company’s financial position as of March 31, 2026 and December 31, 2025 and the results of operations and cash flows for the three months ended March 31, 2026 and 2025 have been included.
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| Estimates | Estimates
The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect certain reported amounts. Accordingly, actual results could differ from those estimates.
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| Cash And Cash Equivalents | Cash And Cash Equivalents
The Company maintains cash balances in non-interest-bearing accounts that currently do not exceed federally insured limits. For purposes of the statements of cash flows, all highly liquid investments with an original maturity of three months or less are considered cash equivalents. There were no cash equivalents as of March 31, 2026, March 31, 2025, or December 31, 2025.
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| Accounts Receivable | Accounts Receivable
Accounts receivable consist of trade receivables and are stated at the amount management expects to collect. As of March 31, 2026 and December 31, 2025, accounts receivable totaled $48,950 and $48,750, respectively.
The Company evaluates accounts receivable for expected credit losses in accordance with ASC 326, Financial Instruments—Credit Losses. In estimating expected credit losses, management considers relevant available information, including historical collection experience, the financial condition and creditworthiness of the customer, current economic conditions, and reasonable and supportable forecasts of future conditions that may affect collectibility. Based on this evaluation, no allowance for credit losses was recorded as of March 31, 2026 or December 31, 2025.
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| Prepaid Expenses | Prepaid Expenses
Prepaid expenses consist primarily of payments made for services to be received in future periods and are expensed as the services are consumed. As of March 31, 2026 and December 31, 2025, prepaid expenses totaled $12,945 and $25,445, respectively.
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| Intangible Asset | Intangible Asset
Intangible assets are recorded at cost and amortized over their estimated useful lives unless determined to have an indefinite useful life.
For definite-lived intangible assets, the Company evaluates impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If such indicators are present, the Company compares the expected undiscounted future cash flows attributable to the asset to its carrying amount. If the carrying amount exceeds the expected undiscounted future cash flows, an impairment loss is recognized for the amount by which the carrying amount exceeds the asset’s fair value.
Indefinite-lived intangible assets are not amortized but are evaluated for impairment at least annually, or more frequently if events or changes in circumstances indicate that it is more likely than not that the asset is impaired.
As of March 31, 2026, the Company’s intangible assets consisted of the following:
Total intangible assets, net, were $206,500 as of March 31, 2026 and $216,500 as of December 31, 2025. The decrease during the quarter was attributable to $10,000 of amortization expense on the AI App intangible asset. No impairment was recorded during the three months ended March 31, 2026 or 2025.
As of March 31, 2025, the Company’s intangible assets totaled $30,100, compared with $31,300 at December 31, 2024.
Finite-lived intangible assets are amortized on a straight-line basis over their estimated useful lives. The Company’s AI application is amortized over five years, and the Company’s website was amortized over two years and was fully amortized as of December 31, 2025. Amortization expense was $10,000 for the three months ended March 31, 2026 and $1,200 for the three months ended March 31, 2025.
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| Stock Compensation | Stock Compensation
The Company accounts for stock-based compensation in accordance with ASC 718, Compensation—Stock Compensation. Stock-based compensation expense is recognized based on the fair value of equity instruments issued.
The Company is authorized to issue shares of common stock, par value $ per share. As of March 31, 2026 and December 31, 2025, there were and shares of common stock issued and outstanding, respectively (see Note 5).
During the three months ended March 31, 2026, the Company issued shares of common stock for cash proceeds of $50,000 and recorded $1,000 to common stock and $49,000 to additional paid-in capital.
shares were issued for services during the three months ended March 31, 2026 or 2025.
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| Impairment Of Long-Lived Assets | Impairment Of Long-Lived Assets
The Company accounts for impairment of intangible assets in accordance with ASC 350, Intangibles—Goodwill and Other. Definite-lived intangible assets are evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Indefinite-lived intangible assets are not amortized but are tested for impairment at least annually, or more frequently if events or changes in circumstances indicate potential impairment.
As of March 31, 2026, the carrying value of the Formula-Pets intangible asset was $25,000. No impairment charge was recorded during the three months ended March 31, 2026 or 2025.
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| Revenue Recognition | Revenue Recognition
The Company accounts for revenue in accordance with ASC 606, Revenue from Contracts with Customers. Under ASC 606, revenue is recognized when control of promised goods or services is transferred to customers in an amount that reflects the consideration the Company expects to receive in exchange for those goods or services.
The Company’s revenue for the three months ended March 31, 2026 and 2025 was derived primarily from distribution rights, licenses, and affiliate commissions.
For each contract, the Company first determines whether an arrangement exists that creates enforceable rights and obligations. The Company then identifies the distinct performance obligations promised in the contract. The transaction price is determined based on the consideration the Company expects to receive under the terms of the arrangement, including fixed amounts and, when applicable, estimates of variable consideration to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur. When a contract contains more than one performance obligation, the transaction price is allocated to each performance obligation based on its relative standalone selling price.
Revenue from distribution rights is recognized at the point in time or over the period in which the customer obtains control of the contractual rights, depending on the nature of the arrangement and the Company’s performance obligations under the contract.
Revenue from licenses is recognized when the licensed intellectual property is made available to the customer or over the license term, depending on whether the license provides a right to use intellectual property as it exists at a point in time or a right to access intellectual property as it evolves over time.
Revenue from affiliate commissions is recognized at the time the underlying qualifying transaction occurs and the commission is earned, which is the point at which the Company’s performance obligation is satisfied.
The Company evaluates each contract to determine whether it acts as principal or agent, as applicable, and records revenue on a gross or net basis consistent with that determination. Payment terms vary by contract but are generally due within 30 to 90 days. Amounts billed and collected in advance of satisfying the related performance obligations are recorded as deferred revenue. No deferred revenue was recorded as of March 31, 2026 or December 31, 2025.
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| Fair Value of Financial Instruments | Fair Value of Financial Instruments
ASC 825, Financial Instruments, requires disclosure of the fair value of certain financial instruments. The carrying amounts of cash and cash equivalents, accounts receivable, loan payable, and accounts payable approximate fair value because of the short-term maturities of these instruments. The Company applies ASC 820, Fair Value Measurement, which establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three levels: Level 1, quoted prices in active markets for identical assets or liabilities; Level 2, observable inputs other than quoted prices included in Level 1; and Level 3, unobservable inputs reflecting the Company’s own assumptions. As of March 31, 2026 and December 31, 2025, the Company had no financial instruments measured at fair value on a recurring basis.
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| Income Taxes | Income Taxes
In accordance with ASC 740 Income Taxes, deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. Under ASC 740, the effect on deferred tax assets and liabilities of a change in tax rates is recognized in Income in the period that includes the enactment date.
The Company has adopted the provisions set forth in ASC 740 to account for uncertainty in income taxes. In the preparation of income tax returns in federal and state jurisdictions, the Company asserts certain tax positions based on its understanding and interpretation of the income tax law. The taxing authorities may challenge such positions, and the resolution of such matters could result in recognition of Income tax expense in the Company's financial statements. Management believes it has used reasonable judgments and conclusions in the preparation of its income tax returns. The Company uses the "more likely than not" criterion for recognizing the tax benefit of uncertain tax positions and to establish measurement criteria for income tax benefits. The Company' s policy is to recognize interest and/or penalties related to income tax matters in income tax expense. The Company had no accrual for interest or penalties on its balance sheets as of December 31, 2025, and December 31, 2024.
The Company has incurred net operating losses and has established a full valuation allowance against its deferred tax assets. As a result, no income tax expense or benefit was recorded for the three months ended March 31, 2026 or 2025.
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| Earnings Per Share of Common Stock |
Net loss per share is computed in accordance with ASC 260, Earnings Per Share. Basic net loss per share is calculated by dividing net loss by the weighted average number of common shares outstanding during the period. Diluted net loss per share gives effect to potentially dilutive securities, including warrants, using the treasury stock method. During the quarter ended March 31, 2026, the Company issued 1,000,000 warrants exercisable for cash. The warrants were excluded from the calculation of diluted net loss per share because their effect would have been anti-dilutive.
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| Recently Adopted Accounting Pronouncements | Recently Adopted Accounting Pronouncements
Management does not believe that any recently issued, but not yet effective, accounting pronouncements would have a material effect on the accompanying interim financial statements.
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