v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 51,730 $ 42,571
Accounts receivable, net 992,147 1,137,219
Inventories, net 1,713,599 1,639,426
Due from related party 4,200
Total current assets 2,761,676 2,819,216
Property, plant and equipment, net 201,514 229,376
Capitalized software 2,055,456 1,850,358
Operating lease, right-of-use-assets 844,400 966,893
Goodwill 14,193,923 14,193,923
Other intangible assets, net 9,985,713 10,314,675
Deposits 85,008 85,008
Total assets 30,127,690 30,459,449
Current liabilities:    
Accrued expenses and other liabilities 4,456,342 6,407,722
Due to related parties 225,000
Convertible notes payable 6,567,649
Current portion of debt obligations, net of debt discount 8,604,251 10,887,520
Operating lease liabilities- current portion 567,748 569,251
Total current liabilities 32,198,867 29,780,128
Operating lease liabilities 391,272 527,122
Total liabilities 45,190,139 42,907,250
Commitments and contingencies (Note 13)
Stockholders’ equity (deficit):    
Common stock, $0.0001 par value, 500,000,000 shares authorized, 120,380,108 and 102,289,619 shares issued and 119,397,987 and 101,307,498 shares outstanding as of March 31, 2026 and December 31, 2025, respectively 11,940 10,131
Additional paid-in capital 103,699,898 98,573,758
Accumulated deficit (118,774,287) (111,031,690)
Total stockholders’ equity (deficit) (15,062,449) (12,447,801)
Total liabilities and stockholders’ equity (deficit) 30,127,690 30,459,449
Nonrelated Party [Member]    
Current liabilities:    
Accounts payable 11,977,377 11,665,135
Notes payable 12,600,000 12,600,000
Related Party [Member]    
Current liabilities:    
Accounts payable $ 25,500 $ 25,500