v3.26.1
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2026
Summary of Significant Accounting Policies [Abstract]  
Schedule of Reconciliation of Cash and Restricted Cash

The following table provides a reconciliation of cash and restricted cash reported within the statement of financial position that sum to the total of the same such amounts shown in the statement of cash flows.

 

   March 31, 2026   December 31,
2025
 
         
Cash  $292,115   $2,622,313 
Restricted cash   100,000    100,000 
Total cash and restricted cash shown in the statement of cash flows  $392,115   $2,722,313 
Schedule of Contract Liabilities Once all revenue recognition criteria have been met, the contract liabilities are recognized.
   March 31, 2026   December 31,
2025
 
         
Beginning balance  $1,526   $24,252 
Additions   
-
    1,526 
Recognized as revenue   (1,526)   (24,252)
Ending balance  $
-
   $1,526 
Schedule of Reconciliation of the Number of Shares used in the Calculation of Basic and Diluted (loss) Earnings Per Share

The following is a reconciliation of the number of shares used in the calculation of basic and diluted (loss) earnings per share for the three months ended March 31, 2026 and 2025:

 

   For the three months ended 
   March 31,
2026
   March 31,
2025
 
         
Net (loss) income after tax  $(2,568,899)  $876,264 
           
Weighted average common shares outstanding   11,303,853    8,560,636 
Incremental shares from the assumed exercise of dilutive stock options   
-
    16,984 
Dilutive potential common shares   11,303,853    8,577,620 
           
Net (loss) earnings per share:          
Basic  $(0.23)  $0.10 
Diluted  $(0.23)  $0.10 
Schedule of Computation of Diluted Net Earnings Per Share

The following securities were not included in the computation of diluted net (loss) earnings per share as their effect would have been antidilutive, or are non-exercisable:

 

   For the three months ended 
   March 31,
2026
   March 31,
2025
 
         
Options to purchase common stock   1,200,000    235,118 
Warrants to purchase common stock   3,156,000    103,500 
Schedule of Exchange Rates Used to Translate Amounts in AUD, CAD and MXN into USD

The exchange rates used to translate amounts in AUD, CAD and MXN into USD for the purposes of preparing the condensed consolidated financial statements were as follows:

   March 31,   December 31, 
   2026   2025 
Period-end AUD: USD exchange rate  $0.6844   $  0.6696 
Period-end CAD: USD exchange rate  $0.7174   $0.7296 
Period-end MXN: USD exchange rate  $0.0551   $0.0555 

 

Income statement:

 

   March 31,   March 31, 
   2026   2025 
Average three months AUD: USD exchange rate  $0.6941   $0.6272 
Average three months CAD: USD exchange rate  $0.7290   $0.6968 
Average three months MXN: USD exchange rate  $0.0570   $
-