Long-Lived Assets

3 Months Ended

Mar. 31, 2026

Property, Plant, and Equipment [Abstract]

Note 5 – Long-Lived Assets

Property and equipment, net

– Property and equipment, net consists of the following:

	March 31,			December 31 ,
	2026			2025

Plant and equipment	$	113,159		$	113,159
Office and storage equipment		288			288
Furniture and fixtures		468			468
Leasehold improvements		95,372			95,373

Property and equipment, gross		209,287			209,288
Less: Accumulated depreciation and amortization		(201,000	)		(196,919	)

Property and equipment, net	$	8,287		$	12,369

Depreciation and amortization expenses of $4,081 and $25,645 were included in general and administrative expenses in the accompanying consolidated statements of operations for the three months ended March 31, 2026 and March 31, 2025, respectively.

Intangible assets, net

– Intangible assets, net consist of the following:

	March 31,			December 31,
	2026			2025

Website development	$	148,039		$	148,039
Tradename/transferred IP		353,224			457,116
Customer base		38,251			44,267
Non-competes		3,333			3,857
Brand names		3,264,000			3,264,000

Intangible assets, gross		3,806,847			3,917,279
Less: Accumulated amortization		(1,847,808	)		(1,714,700	)

Intangible assets, net	$	1,959,039		$	2,202,579

Goodwill	$	2,972,280		$	2,972,280

Amortization expense was $133,139 and $124,624 for the three months ended March 31, 2026 and March 31, 2025, respectively, and is included in general and administrative expenses in the accompanying consolidated statements of operations.

During the three months ended March 31, 2026, the Company assessed the Gem&Bolt tradename, customer base, and non-competes for impairment. The Company concluded that due to the fact that Gem&Bolt has ceased production, the remaining carrying value of these intangible assets should be fully impaired. The total impairment loss recognized in the three month

ended March 31, 2026 is $110,402, and is included in impairment loss in the accompanying consolidated statements of operations.