| SCHEDULE OF FINANCIAL INFORMATION |
The
following table presents selected financial information with respect to the Company’s single operating segment for the three months
ended March 31, 2026 and 2025:
SCHEDULE OF FINANCIAL INFORMATION
| | |
| | |
| |
| | |
For the Three Months Ended | |
| | |
March 31, 2026 | | |
March 31, 2025 | |
| Royalty income | |
$ | - | | |
$ | - | |
| Cost of income | |
| - | | |
| - | |
| Gross profit | |
| - | | |
| - | |
| | |
| | | |
| | |
| Operating expenses | |
| | | |
| | |
| General and administrative expenses | |
| 997,005 | | |
| 1,067,070 | |
| Professional fees | |
| 2,810,141 | | |
| 292,131 | |
| Total operating expenses | |
| 3,807,146 | | |
| 1,359,201 | |
| Operating loss | |
| (3,807,146 | ) | |
| (1,359,201 | ) |
| Operating margin | |
| -100 | % | |
| -100 | % |
| | |
| | | |
| | |
| Other income (expenses) | |
| | | |
| | |
| Patent infringement income | |
| 325,000 | | |
| - | |
| Interest income | |
| - | | |
| 6 | |
| Change in fair value of earnout shares liability | |
| - | | |
| 1,039,282 | |
| Change in fair value of warrants liability | |
| 208,929 | | |
| 234,195 | |
Shareholder settlement expense | |
| (150,000 | ) | |
| - | |
| Loss on settlement of debt | |
| (6,929 | ) | |
| - | |
| Interest expense | |
| (590,685 | ) | |
| (222,363 | ) |
| Total other income (expense) | |
| (213,685 | ) | |
| 1,051,120 | |
| Income tax expense | |
| - | | |
| - | |
| Net loss | |
$ | (4,020,831 | ) | |
$ | (308,081 | ) |
|
The
following table presents selected financial information with respect to the Company’s single operating segment for the years ended
December 31, 2025 and 2024:
SCHEDULE OF FINANCIAL INFORMATION
| | |
December 31, 2025 | | |
December 31, 2024 | |
| | |
For the Years Ended | |
| | |
December 31, 2025 | | |
December 31, 2024 | |
| Revenue | |
$ | 7,138 | | |
$ | - | |
| Royalty income | |
| - | | |
| - | |
| Cost of income | |
| | | |
| | |
| Gross profit | |
| | | |
| | |
| | |
| | | |
| | |
| Operating expenses | |
| | | |
| | |
| General and administrative expenses | |
| 3,159,313 | | |
| 396,434 | |
| Professional fees | |
| 2,092,013 | | |
| 438,461 | |
| Total operating expenses | |
| 5,251,326 | | |
| 834,895 | |
| Operating loss | |
| (5,244,188 | ) | |
| (834,895 | ) |
| Operating margin | |
| -100 | % | |
| -100 | % |
| | |
| | | |
| | |
| Other income (expenses) | |
| | | |
| | |
| Patent infringement income | |
| 108,096 | | |
| - | |
| Interest income | |
| 36 | | |
| 13 | |
| Change in fair value of earnout shares liability | |
| 1,053,084 | | |
| 18,731,514 | |
| Change in fair value of warrants liability | |
| 803,680 | | |
| (397,553 | ) |
| Shareholder settlement expense | |
| | | |
| | |
| Loss on settlement of debt | |
| (760,302 | ) | |
| - | |
| Forbearance fee expense | |
| - | | |
| (13,226,926 | ) |
| Interest expense | |
| (3,981,641 | ) | |
| (168,886 | ) |
| Total other income (expense) | |
| (2,777,047 | ) | |
| 4,938,162 | |
| Income tax expense | |
| - | | |
| (200 | ) |
| Net income (loss) | |
$ | (8,021,235 | ) | |
$ | 4,103,067 | |
|