v3.26.1
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
Schedule of Inventory

The Company’s inventory as of June 30, 2026 and December 31, 2025 consists of:

 

 

June 30, 2026

   December 31, 2025 
         
Inventory purchased for resale  $739,734   $873,475 
Feeds and eggs processed   -    27,224 
Raw materials for packaged seafood   20,899    20,899 
Less: Inventory allowance   (367,448)   (516,619)
Inventory, net  $393,185   $404,979 
Schedule of Derivative and Warrant Liabilities Measured at Fair Value

 

         
  Level 3 Fair Value 
  As of June 30, 2026   As of December 31, 2025 
Liabilities        
Fair value of convertible debt  $1,922,579   $1,822,102 
Total  $1,922,579   $1,822,102 
Schedule of Change in Fair Value of Convertible Note Payable

The table below presents the change in the fair value of the convertible note payable for the six months ended June 30, 2026 and year ended December 31, 2025:

 

  June 30, 2026

   December 31, 2025 
           
Fair value balance, beginning of year  $1,822,102   $- 
Issuance of convertible note payable   21,399    499,063 
Change in fair value   79,078    1,323,039 
Fair value balance, end of year  $1,922,579   $1,822,102 
Schedule of Fair Market Value of Derivatives

The fair market value of all convertible debt as of December 31, 2025 was determined using the Monte Carlo simulation model which used the following assumptions:

  

Stock price  $0.0018 
Expected dividend yield   0.00%
Expected stock price volatility   230.50250.36%
Risk-free interest rate   3.48%
Expected term   0.481.04 years 

 

The fair market value of all convertible debt as of June 30, 2026 was determined using the Monte Carlo simulation model which used the following assumptions:

 

Stock price  $0.001 
Expected dividend yield   0.00%
Expected stock price volatility   245.42248.42%
Risk-free interest rate   0.04%
Expected term   0.130.53 years