| Schedule of Deferred Tax Assets |
The
following tables present certain financial information related to our reportable segments and Corporate as of March 31,2026 and for the
three months ended March 31,2026:
| | |
As of March 31, 2026 | |
| | |
Vocal | | |
OG Collection | | |
Corporate | | |
Total | |
| Cash | |
$ | 87,041 | | |
$ | 28,983 | | |
$ | 134,855 | | |
$ | 250,879 | |
| Accounts receivable, net | |
| — | | |
| — | | |
| 5,000 | | |
| 5,000 | |
| Prepaid expenses and other current assets | |
| 18,686 | | |
| 23,117 | | |
| 117,275 | | |
| 159,078 | |
| Deposits and other assets | |
| — | | |
| — | | |
| — | | |
| — | |
| Intangible assets | |
| — | | |
| — | | |
| 25,258 | | |
| 25,258 | |
| Goodwill | |
| — | | |
| — | | |
| — | | |
| — | |
| All other assets | |
| 87,040 | | |
| 39,960 | | |
| 11,560,544 | | |
| 11,687,544 | |
| Total Assets | |
$ | 192,767 | | |
$ | 92,060 | | |
$ | 11,842,932 | | |
$ | 12,127,759 | |
| | |
| | | |
| | | |
| | | |
| | |
| Accounts payable and accrued liabilities | |
$ | 325,936 | | |
$ | 7,011 | | |
$ | 4,731,744 | | |
$ | 5,064,691 | |
| Note payable, net of debt discount and issuance costs | |
| 90,175 | | |
| 81,853 | | |
| 25,346 | | |
| 197,374 | |
| Deferred revenue | |
| 98,511 | | |
| — | | |
| — | | |
| 98,511 | |
| All other Liabilities | |
| — | | |
| — | | |
| 3,029,061 | | |
| 3,029,061 | |
| Total Liabilities | |
$ | 514,622 | | |
$ | 88,864 | | |
$ | 7,786,151 | | |
$ | 8,389,637 | |
| | |
As of December 31, 2025 | |
| | |
Vocal | | |
OG Collection | | |
Corporate | | |
Total | |
| Cash | |
$ | 124,605 | | |
$ | 5,772 | | |
$ | 91,365 | | |
| 221,742 | |
| Accounts receivable, net | |
| — | | |
| — | | |
| 10,000 | | |
| 10,000 | |
| Prepaid expenses and other current assets | |
| 93,731 | | |
| — | | |
| 167,190 | | |
| 260,921 | |
| Intangible assets | |
| — | | |
| — | | |
| 28,043 | | |
| 28,043 | |
| All other assets | |
| — | | |
| — | | |
| 1,430,991 | | |
| 1,430,991 | |
| Total Assets | |
$ | 218,336 | | |
$ | 5,772 | | |
$ | 1,727,589 | | |
$ | 1,951,697 | |
| | |
| | | |
| | | |
| | | |
| | |
| Accounts payable and accrued liabilities | |
$ | 385,191 | | |
$ | 250 | | |
$ | 4,900,324 | | |
| 5,285,765 | |
| Note payable, net of debt discount and issuance costs | |
| 66,228 | | |
| | | |
| 54,902 | | |
| 121,130 | |
| Deferred revenue | |
| 118,862 | | |
| — | | |
| — | | |
| 118,862 | |
| Convertible Notes, net of debt discount and issuance costs | |
| — | | |
| — | | |
| 383,374 | | |
| 383,374 | |
| All other Liabilities | |
| — | | |
| — | | |
| 1,668,038 | | |
| 1,668,038 | |
| Total Liabilities | |
$ | 570,281 | | |
$ | 250 | | |
$ | 7,006,638 | | |
$ | 7,577,169 | |
|
Components
of deferred tax assets are as follows:
| | |
December 31,
2025 | | |
December 31,
2024 | |
| Net
deferred tax assets – Non-current: | |
| | |
| |
| Depreciation | |
$ | (100,953 | ) | |
$ | (66,080 | ) |
| Stock based compensation | |
| 8,190,318 | | |
| 9,442,717 | |
| Expected income tax benefit
from NOL carry-forwards | |
| 2,041,393 | | |
| 6,017,949 | |
| Less
valuation allowance | |
| (10,130,758 | ) | |
| (15,394,586 | ) |
| Deferred
tax assets, net of valuation allowance | |
$ | - | | |
$ | - | |
|