v3.26.1
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
HZO, Inc. and Subsidiaries
Convertible Preferred Stock
Series 2 Preferred Stock
HZO, Inc. and Subsidiaries
Convertible Preferred Stock
Series 2-A Preferred Stock
HZO, Inc. and Subsidiaries
Convertible Preferred Stock
Series 2-B Preferred Stock
HZO, Inc. and Subsidiaries
Convertible Preferred Stock
Series 2-C Preferred Stock
HZO, Inc. and Subsidiaries
Convertible Preferred Stock
HZO, Inc. and Subsidiaries
Common Stock
HZO, Inc. and Subsidiaries
Additional Paid-In Capital
Series 2 Preferred Stock
HZO, Inc. and Subsidiaries
Additional Paid-In Capital
Series 2-A Preferred Stock
HZO, Inc. and Subsidiaries
Additional Paid-In Capital
Series 2-B Preferred Stock
HZO, Inc. and Subsidiaries
Additional Paid-In Capital
Series 2-C Preferred Stock
HZO, Inc. and Subsidiaries
Additional Paid-In Capital
HZO, Inc. and Subsidiaries
Accumulated Deficit
HZO, Inc. and Subsidiaries
Accumulated Other Comprehensive Income (Loss)
HZO, Inc. and Subsidiaries
Series 2 Preferred Stock
HZO, Inc. and Subsidiaries
Series 2-A Preferred Stock
HZO, Inc. and Subsidiaries
Series 2-B Preferred Stock
HZO, Inc. and Subsidiaries
Series 2-C Preferred Stock
HZO, Inc. and Subsidiaries
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Total
Balance at Dec. 31, 2023         $ 4,119,991 $ 56,439         $ 297,295,560 $ (270,210,561) $ 2,036,908         $ 33,298,337        
Balance as at the beginning (in shares) at Dec. 31, 2023         4,119,991,396 56,438,694                                
Increase (decrease) in shareholders' equity                                            
Stock-based compensation                     33,228             33,228        
Foreign currency translation adjustment                         690,540         690,540        
Net loss                       (22,091,427)           (22,091,427)        
Balance at Dec. 31, 2024         $ 4,119,991 $ 56,439         297,328,788 (292,301,988) 2,727,448         11,930,678        
Balance at the end (in shares) at Dec. 31, 2024         4,119,991,396 56,438,694                                
Balance at Dec. 31, 2024         $ 4,119,991 $ 56,439         297,328,788 (292,301,988) 2,727,448         11,930,678        
Balance at the end (in shares) at Dec. 31, 2024         4,119,991,396 56,438,694                                
Increase (decrease) in shareholders' equity                                            
Issuance of preferred stock $ 10,932,485 $ 724,638         $ (3,508,968) $ (224,638)           $ 7,423,517 $ 500,000              
Stock Issued During Period, Shares, New Issues 10,932,485,432 724,637,681                                        
Issuance of preferred stock upon conversion of subordinated convertible promissory notes     $ 6,027,708 $ 4,059,267         $ (2,252,281) $ 718,255           $ 3,775,427 $ 4,777,522          
Issuance of preferred stock upon conversion of subordinated convertible promissory notes (in shares)     6,027,707,347 4,059,267,542                                    
Stock-based compensation                     2,315             2,315        
Foreign currency translation adjustment                         (110,026)         (110,026)        
Net loss                       (6,376,713)           (6,376,713)        
Balance at Mar. 31, 2025         $ 25,864,089 $ 56,439         292,063,471 (298,678,701) 2,617,422         21,922,720        
Balance at the end (in shares) at Mar. 31, 2025         25,864,089,398 56,438,694                                
Balance at Dec. 31, 2024         $ 4,119,991 $ 56,439         297,328,788 (292,301,988) 2,727,448         11,930,678        
Balance as at the beginning (in shares) at Dec. 31, 2024         4,119,991,396 56,438,694                                
Increase (decrease) in shareholders' equity                                            
Issuance of preferred stock $ 10,932,485 $ 3,026,641         $ (3,511,121) $ (1,077,984)           $ 7,421,364 $ 1,948,657              
Stock Issued During Period, Shares, New Issues 10,932,485,432 3,026,640,546                                        
Issuance of preferred stock upon conversion of subordinated convertible promissory notes     $ 6,027,708 $ 4,059,267         $ (2,252,281) $ 718,255           $ 3,775,427 $ 4,777,522          
Issuance of preferred stock upon conversion of subordinated convertible promissory notes (in shares)     6,027,707,347 4,059,267,542                                    
Repurchase of equity securities         $ (151,528) $ (11,614)         163,136             (6)        
Repurchase of equity securities (in shares)         (151,528,243) (11,613,741)                                
Stock-based compensation                     4,625             4,625        
Foreign currency translation adjustment                         (1,317,000)         (1,317,000)        
Net loss                       (15,628,206)           (15,628,206)        
Balance at Dec. 31, 2025         $ 28,014,564 $ 44,825         291,373,418 (307,930,194) 1,410,448         12,913,061   $ 10 $ (659) $ (659)
Balance at the end (in shares) at Dec. 31, 2025         28,014,564,020 44,824,953                                
Balance at Dec. 03, 2025                                     $ 0 0 0 0
Increase (decrease) in shareholders' equity                                            
Issuance of preferred stock                                       10    
Stock Issued During Period, Shares, New Issues                                     100      
Net loss                                         (659) (659)
Balance at Dec. 31, 2025         $ 28,014,564 $ 44,825         291,373,418 (307,930,194) 1,410,448         12,913,061   10 (659) (659)
Balance at the end (in shares) at Dec. 31, 2025         28,014,564,020 44,824,953                                
Increase (decrease) in shareholders' equity                                            
Stock-based compensation                     514             514        
Foreign currency translation adjustment                         (212,604)         (212,604)        
Net loss                       (25,338,282)           (25,338,282)     (37,269) (37,269)
Balance at Mar. 31, 2026         $ 28,014,564 $ 44,825         $ 291,373,932 $ (333,268,476) $ 1,197,844         $ (12,637,311)   $ 10 $ (37,928) $ (37,928)
Balance at the end (in shares) at Mar. 31, 2026         28,014,564,020 44,824,953