v3.26.1
Consolidated Balance Sheets (unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current Assets    
Cash $ 917,552 $ 269,830
Prepaid expenses 63,082
Total Current Assets 917,552 332,912
Long-Term Assets    
Fixed assets (net) 1,795 2,490
Patent (net of amortization) 6,379,889 6,504,132
Total-Long Term Assets 6,381,684 6,506,622
TOTAL ASSETS 7,299,236 6,839,534
Current Liabilities    
Accounts payable and accrued expenses 15,233,838 11,351,389
Accrued payroll and payroll taxes – related party 36,792
Accrued payroll and payroll taxes 989 1,279
Preferred dividends payable 375,000 375,000
Convertible notes 1,342,942
Total Current Liabilities 16,952,769 11,764,460
Long-Term Liabilities    
TEDCO grant 100,000 100,000
Total Long-Term Liabilities 100,000 100,000
Total Liabilities 17,052,769 11,864,460
Commitments and contingencies (See Note 6)
MEZZANINE EQUITY:    
Series A Convertible Preferred Stock, par value $0.001, 2,500,000 shares authorized; 392,500 and 392,500 issued and outstanding, respectively 1,070,705 1,070,705
Total Mezzanine Equity 1,070,705 1,070,705
STOCKHOLDERS’ DEFICIT    
Common Stock A, par value $0.001, 150,000,000 shares authorized; 39,278,192 and 37,113,082 issued and outstanding, respectively 39,278 37,113
Preferred Stock, par value $0.001, 5,000,000 shares authorized; 0 and 0 shares outstanding, respectively
Additional paid-in capital 66,719,534 61,053,475
Accumulated deficit (77,583,050) (67,186,219)
Total Stockholders’ Deficit (10,824,238) (6,095,631)
TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ DEFICIT $ 7,299,236 $ 6,839,534