v3.26.1
Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 17,318,751 $ 18,078,300
Accounts receivable, net 7,856,844 7,954,116
Accounts receivable - related parties 506,360 465,691
Taxes receivable 722,893 595,434
Inventory 4,639,884 5,524,570
Prepaid expenses 1,171,980 652,224
Other current assets 2,992,679 2,167,818
Total current assets 35,209,391 35,438,153
Non-current assets:    
Goodwill & intangible assets, net 34,545,063 34,914,920
Property, plant & equipment, net 27,259,707 28,963,866
Investments 3,543,586 3,650,526
Deposits 5,606,700 6,315,584
Operating lease right-of-use assets 6,257,763 6,296,336
Other non-current assets 2,703,305 2,499,415
Total non-current assets 79,916,124 82,640,647
Total assets 115,125,515 118,078,800
Current liabilities:    
Accounts payable and accrued liabilities 23,906,770 20,572,774
Accounts payable - related parties 37,500 295,165
Current portion of operating lease liability 2,804,138 2,656,508
Current portion of long-term loan 9,978,715 10,581,035
Taxes payable 4,289,807 5,011,261
Other current liabilities 1,295,576 1,592,958
Deferred revenues 1,041,855 1,111,332
Contingent liability 233,988 228,667
Current portion of consideration payable - related parties 15,730,672 16,199,672
Current portion of consideration payable 799,947 1,317,526
Total current liabilities 60,118,968 59,566,898
Non-current liabilities:    
Non-current portion of operating lease liability 3,341,586 3,562,859
Non-current portion of long-term loan 237,123 6,590,907
Other non-current liabilities 182,959 19,510
Total non-current liabilities 3,761,668 10,173,276
Total liabilities 63,880,636 69,740,174
Shareholders' equity:    
Preferred stock: $0.00001 par value; 20,000,000 shares authorized 0 0
Common stock: $0.00001 par value; 25,000,000 shares authorized; 12,669,479 and 12,641,023 shares issued and outstanding, respectively 126 126
Stock payable 102,006 102,006
Stock payable - related party 261,542 573,154
Additional paid-in capital 83,468,346 82,933,355
Treasury stock, at cost (17,062 and 17,062 shares, respectively) (244,208) (244,208)
Accumulated other comprehensive income (loss) (5,126,909) (3,753,485)
Accumulated earnings (28,713,506) (33,065,622)
Total shareholders' equity of MRDN 49,747,397 46,545,326
Noncontrolling interests 1,497,482 1,793,300
Total equity 51,244,879 48,338,626
Total liabilities and equity 115,125,515 118,078,800
Series C Preferred Stock [Member]    
Shareholders' equity:    
Preferred stock: $0.00001 par value; 20,000,000 shares authorized $ 0 $ 0