v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 292,115 $ 2,622,313
Restricted cash 100,000 100,000
Accounts receivable, net 1,268,022 3,203,505
Prepaid expenses (including related party amount of $652,270 and $110,803, respectively) 1,303,173 351,049
Inventory, net 3,381,614 3,737,509
Total Current Assets 6,344,924 10,014,376
Intangible assets, net 116,667 150,000
Total Assets 6,461,591 10,164,376
Current Liabilities:    
Accounts payable and accrued liabilities (including payable to shareholder of $193,641 and $197,512, respectively) 4,031,994 6,388,219
Income taxes payable 85,811 88,108
Contract liabilities 1,526
Short term loans payable, net of debt discount, related party 100,000
Current portion of notes payable, net of debt discount 2,730,981 1,658,215
Total Current Liabilities 6,848,786 8,236,068
Long-term Liabilities:    
Notes payable, net of debt discount 25,018,055 25,056,446
Total long-term liabilities 25,018,055 25,056,446
Total Liabilities 31,866,841 33,292,514
Commitments and contingencies
Stockholders’ Deficit:    
Common stock, $0.00001 par value; 300,000,000 shares authorized; 11,483,926 shares issued; 11,303,853 outstanding 114 114
Additional paid in capital 33,710,857 33,594,550
Common stock to be issued 153,400
Accumulated other comprehensive loss (132,201) (154,281)
Accumulated deficit (59,009,920) (56,441,021)
Less: Treasury stock (180,073 shares) at cost (127,500) (127,500)
Total stockholders’ deficit (25,405,250) (23,128,138)
Total Liabilities and Stockholders’ Deficit $ 6,461,591 $ 10,164,376