SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
|
3 Months Ended |
Mar. 31, 2026 |
|---|
| Intangible Asset, Finite-Lived [Line Items] |
|
| SCHEDULE OF FOREIGN CURRENCY TRANSLATION AND TRANSACTION |
The
following table outlines the currency exchange rates that were used in preparing the condensed consolidated financial statements:
SCHEDULE
OF FOREIGN CURRENCY TRANSLATION AND TRANSACTION
| | |
| March
31, | | |
| December
31, | |
| | |
| 2026 | | |
| 2025 | |
| Period-end spot rate | |
| US$1=MX$0.06 | | |
| US$1=MX$0.06 | |
| Average rate | |
| US$1=MX$0.06 | | |
| US$1=MX$0.05 | |
|
| SCHEDULE OF FINANCIAL INSTRUMENTS MEASUREMENT AT FAIR VALUE |
The
following tables summarize our financial instruments measured at fair value as of March 31, 2026 and December 31, 2025.
SCHEDULE
OF FINANCIAL INSTRUMENTS MEASUREMENT AT FAIR VALUE
| | |
Level 1 | | |
Level 2 | | |
Level 3 | |
| | |
Fair Value Measurements at March 31,
2026 | |
| | |
Level 1 | | |
Level 2 | | |
Level 3 | |
| Assets | |
| | |
| | |
| |
| Cash and cash equivalents | |
$ | 174,562 | | |
$ | - | | |
$ | - | |
| Total assets | |
| 174,562 | | |
| - | | |
| - | |
| Liabilities | |
| | | |
| | | |
| | |
| Total liabilities | |
| - | | |
| - | | |
| - | |
| Fair value, net asset (liability) | |
$ | 174,562 | | |
$ | - | | |
$ | - | |
| | |
Level 1 | | |
Level 2 | | |
Level 3 | |
| | |
Fair Value Measurements at December
31, 2025 | |
| | |
Level 1 | | |
Level 2 | | |
Level 3 | |
| Assets | |
| | | |
| | | |
| | |
| Cash and cash equivalents | |
$ | 1,486,338 | | |
$ | - | | |
$ | - | |
| Total assets | |
| 1,486,338 | | |
| - | | |
| - | |
| Liabilities | |
| | | |
| | | |
| | |
| Total liabilities | |
| - | | |
| - | | |
| - | |
| Fair value, net asset (liability) | |
$ | 1,486,338 | | |
$ | - | | |
$ | - | |
|
| SCHEDULE OF PROPERTY AND EQUIPMENT |
SCHEDULE
OF PROPERTY AND EQUIPMENT
| | |
March 31, 2026 | | |
December 31, 2025 | |
| | |
| | |
| |
| Computers | |
$ | 5,062 | | |
$ | 5,062 | |
| Equipment | |
| - | | |
| - | |
| Property and equipment, gross | |
| - | | |
| - | |
| Less accumulated depreciation: | |
| (3,518 | ) | |
| (3,268 | ) |
| Disposed equipment | |
| - | | |
| - | |
| Property and equipment, net | |
$ | 1,544 | | |
$ | 1,794 | |
|
| Master Distribution Agreement [Member] |
|
| Intangible Asset, Finite-Lived [Line Items] |
|
| SCHEDULE OF CARRYING AMOUNT OF INTANGIBLE ASSETS |
The
carrying amount of master distribution agreements as of March 31, 2026 is as follows:
SCHEDULE
OF CARRYING AMOUNT OF INTANGIBLE ASSETS
| Gross carrying amount: | |
$ | 1,963,000 | |
| Accumulated amortization: | |
| (615,075 | ) |
| Impairment | |
| (1,239,942 | ) |
| Net carrying amount: | |
$ | 107,983 | |
|
| SCHEDULE OF ESTIMATED AMORTIZATION EXPENSE |
SCHEDULE
OF ESTIMATED AMORTIZATION EXPENSE
| Year 1: | |
$ | 44,375 | |
| Year 2: | |
| 58,899 | |
| Year 3: | |
| 4,709 | |
| Total: | |
$ | 107,983 | |
|
| Patents [Member] |
|
| Intangible Asset, Finite-Lived [Line Items] |
|
| SCHEDULE OF CARRYING AMOUNT OF INTANGIBLE ASSETS |
The
carrying amount of patents as of March 31, 2026 is as follows:
SCHEDULE
OF CARRYING AMOUNT OF INTANGIBLE ASSETS
| Gross carrying amount: | |
$ | 15,954,150 | |
| Accumulated amortization: | |
| 2,120,987 | |
| Net carrying amount: | |
$ | 13,833,163 | |
|
| SCHEDULE OF ESTIMATED AMORTIZATION EXPENSE |
Amortization
expense for the three months ended March 31, 2026 was $276,815. The estimated amortization expense for the next five years is as follows:
SCHEDULE
OF ESTIMATED AMORTIZATION EXPENSE
| Year 1: |
|
$ |
1,122,639 |
|
| Year 2: |
|
|
1,122,639 |
|
| Year 3: |
|
|
1,122,639 |
|
| Year 4: |
|
|
1,122,639 |
|
| Year 5: |
|
|
1,122,639 |
|
| Thereafter: |
|
|
8,219,968 |
|
| Total: |
|
$ |
13,833,163 |
|
|