v3.26.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Mar. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 9,471,288 $ 477,908
Receivables, net of allowance for credit losses 379,289 125,672
Inventory 1,188,623 1,456,249
Prepaids and other current assets 897,109 306,153
TOTAL CURRENT ASSETS 11,936,309 2,365,982
NONCURRENT ASSETS    
Property and equipment 1,413,294 1,321,931
Less: accumulated depreciation (1,034,984) (857,028)
Net property and equipment 378,310 464,903
Intangibles 2,797,741 2,792,059
Less: accumulated amortization (1,258,387) (810,356)
Net intangibles 1,539,354 1,981,703
Investment in joint venture 40,619 40,689
Other assets 87,264 86,258
Right-of-use asset - operating 779,514 835,488
TOTAL NONCURRENT ASSETS 2,825,061 3,409,041
TOTAL ASSETS 14,761,370 5,775,023
CURRENT LIABILITIES    
Accounts payable 721,792 807,401
Accrued expenses 559,517 502,001
Deferred revenue 666,327 1,769,556
Gift card liability 446,252
Current portion of notes payable, net of discount and unamortized deferred loan costs 6,086,943 2,589,976
Current portion of EIDL loan 570 549
Current lease liabilities 286,702 204,051
TOTAL CURRENT LIABILITIES 8,768,103 5,913,534
LONG-TERM LIABILITIES    
Notes payable, net of discount and unamortized deferred loan costs 2,428,835
EIDL loan 23,517 24,087
Non-current lease liabilities 492,812 631,437
TOTAL LONG-TERM LIABILITIES 2,945,164 655,524
TOTAL LIABILITIES 11,713,267 6,569,058
STOCKHOLDERS’ EQUITY (DEFICIT)    
Preferred stock, $.001 par value, 50,000,000 and 29,300,000 shares authorized at March 31, 2026 and March 31, 2025, and 0 and 21,688,242 shares issued and outstanding at March 31, 2026 and March 31, 2025, respectively, with liquidation preferences respectively of $0 and $55,536,941 at March 31, 2026 and March 31, 2025 21,688
Additional paid-in capital 82,307,384 61,668,608
Accumulated deficit (79,291,843) (62,492,590)
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT) 3,048,103 (794,035)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) 14,761,370 5,775,023
Class A Common Stock    
STOCKHOLDERS’ EQUITY (DEFICIT)    
Common stock value 28,562 8,259
Class B Common Stock    
STOCKHOLDERS’ EQUITY (DEFICIT)    
Common stock value 4,000
Related Party    
CURRENT LIABILITIES    
Due to related party $ 40,000