v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash $ 849,856 $ 2,874,710
Note receivable, net of allowance 199,000
Inventories, net 43,712 46,595
Prepaid expenses and other 1,109,446 1,163,078
Deferred offering costs 91,944 105,973
Interest receivable 4,623 698
Total current assets 2,099,581 4,390,054
Other assets    
Fixed assets, net 2,162 3,673
Intangible assets, net 21,354,187 22,254,379
Right of use asset 142,855
Goodwill 7,565,680 7,565,680
Total other assets 29,064,884 29,823,732
Total assets 31,164,465 34,213,786
Current liabilities    
Accounts payable 7,059,440 6,403,888
Accrued compensation 802,683 647,098
Accrued creator commissions 3,492,907 3,363,959
Settlement payable 1,600,751 1,714,385
Accrued expenses 600,912 1,004,540
Accrued expenses - related parties 309,333 309,333
Accrued sales tax 3,145,636 3,109,334
Deferred revenue 806,154 767,436
Convertible notes payable, net of discount 4,399,585 4,753,919
Notes payable, current portion, net of discount 1,985,430 2,370,907
Operating lease, current portion 66,718
Total current liabilities 24,269,549 24,444,799
Long-term liabilities    
Operating lease, net of current portion 82,239
Total liabilities 24,351,788 24,444,799
Commitments and contingencies – Note 16
Stockholders’ equity    
Common stock, $0.001 par value - 100,000,000 shares authorized at March 31, 2026 and December 31, 2025; 40,526,227 and 31,470,900 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 40,530 31,474
Additional paid-in capital 96,891,798 94,228,684
Accumulated deficit (90,119,661) (84,491,187)
Total stockholders’ equity 6,812,677 9,768,987
Total liabilities and stockholders’ equity 31,164,465 34,213,786
Series A Preferred Stock [Member]    
Stockholders’ equity    
Preferred stock, value 3 5
Series B Preferred Stock [Member]    
Stockholders’ equity    
Preferred stock, value 1 5
Series C Preferred Stock [Member]    
Stockholders’ equity    
Preferred stock, value $ 6 $ 6