v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Dec. 31, 2024
Current assets      
Cash $ 0 $ 0  
Current Liabilities:      
TOTAL LIABILITIES 37,928 659  
Commitments and contingencies (Note 13)  
STOCKHOLDER'S 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 $ 478,626
Accounts receivable - net of allowance for credit losses of $40 and $33 as of December 31, 2025 and December 31, 2024, respectively 1,245,135 802,626 836,382
Inventories, net 782,548 931,317 602,729
Prepaid expenses and other current assets 529,158 495,414 422,669
Total current assets 7,171,736 6,802,044 2,340,406
Property and equipment, net 3,218,252 3,827,230 6,640,655
Operating right-of-use asset, net 2,506,855 2,675,083 3,390,744
Other assets 423,676 423,676 423,676
Intangible assets, net 1,073,589 1,177,485 1,593,067
Goodwill 8,079,456 8,079,456 8,079,456
TOTAL ASSETS 37,473,564 22,984,974 22,468,004
Current Liabilities:      
Accounts Payable, Current 829,199 781,939 980,154
Accrued expenses and other current liabilities 939,732 704,547 1,516,387
Contract liabilities - deferred revenue   21,728 128,704
Current portion of operating lease liabilities 992,031 982,996 1,015,052
Current portion of notes payable 22,254 21,923 16,349
Derivative liability - conversion feature embedded in convertible debt 29,052,000 3,396,000 1,052,000
Convertible promissory notes, net of discount 12,863,581 2,057,348 2,911,018
Total current liabilities   7,966,481 7,619,664
Other liabilities 83,204 94,855 131,009
Operating lease liabilities 1,739,595 1,931,610 2,635,658
Long-term notes payable, net of current portion 2,021,606 27,294 39,215
Warrant liability 1,567,673 51,673 57,984
Deferred tax liability, net     53,796
TOTAL LIABILITIES 50,110,875 10,071,913 10,537,326
Commitments and contingencies (Note 13)
STOCKHOLDER'S DEFICIT      
Convertible preferred stock, $0.001 par value, 49,086,791,753 and 4,367,599,785 shares authorized; 28,014,564,020 and 4,119,991,396 shares issued and outstanding at December 31, 2025 and 2024 28,014,564 28,014,564 4,119,991
Common stock, $0.0001 par value; 100 shares authorized, issued and outstanding 44,825 44,825 56,439
Additional paid-in capital 291,373,932 291,373,418 297,328,788
Accumulated deficit (333,268,476) (307,930,194) (292,301,988)
Other comprehensive income 1,197,844 1,410,448 2,727,448
Total Stockholder's Deficit (12,637,311) 12,913,061 11,930,678
TOTAL LIABILITIES AND STOCKHOLDER'S DEFICIT $ 37,473,564 $ 22,984,974 $ 22,468,004