v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash $ 0 $ 0
Current Liabilities:    
TOTAL LIABILITIES 37,928 659
Commitments and contingencies
Stockholders' Deficit    
Additional paid-in capital 10 10
Accumulated deficit (37,928) (659)
Total Stockholder's Deficit (37,928) (659)
HZO, Inc. and Subsidiaries    
Current assets    
Cash 4,614,895 4,572,687
Accounts receivable - net of allowance for credit losses of $40 and $40 as of March 31, 2026 and December 31, 2025, respectively 1,245,135 802,626
Inventories, net 782,548 931,317
Prepaid expenses and other current assets 529,158 495,414
Total current assets 7,171,736 6,802,044
Property and equipment, net 3,218,252 3,827,230
Operating right-of-use asset, net 2,506,855 2,675,083
Non-marketable equity securities 15,000,000  
Other assets 423,676 423,676
Intangible assets, net 1,073,589 1,177,485
Goodwill 8,079,456 8,079,456
TOTAL ASSETS 37,473,564 22,984,974
Current Liabilities:    
Accounts Payable, Current 829,199 781,939
Accrued expenses and other current liabilities 939,732 704,547
Contract liabilities - deferred revenue   21,728
Current portion of operating lease liabilities 992,031 982,996
Current portion of notes payable 22,254 21,923
Derivative liability - conversion feature embedded in convertible debt 29,052,000 3,396,000
Convertible promissory notes, net of discount 12,863,581 2,057,348
Warrant liability 1,567,673 51,673
Total current liabilities 46,266,470 8,018,154
Other liabilities 83,204 94,855
Operating lease liabilities 1,739,595 1,931,610
Long-term notes payable, net of current portion 2,021,606 27,294
TOTAL LIABILITIES 50,110,875 10,071,913
Commitments and contingencies
Stockholders' Deficit    
Convertible preferred stock, $0.001 par value, 49,086,791,753 shares authorized; 28,014,564,020 shares issued and outstanding at March 31, 2026 and December 31, 2025 28,014,564 28,014,564
Common stock - $0.0001 par value; 4,850,000 and 4,850,000 shares authorized and 1,636,378 and 1,648,841 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively. 44,825 44,825
Additional paid-in capital 291,373,932 291,373,418
Accumulated deficit (333,268,476) (307,930,194)
Other comprehensive income 1,197,844 1,410,448
Total Stockholder's Deficit (12,637,311) 12,913,061
TOTAL LIABILITIES AND STOCKHOLDER'S DEFICIT $ 37,473,564 $ 22,984,974