v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 1,116,916 $ 6,436,082
Restricted cash 75,000
Accounts receivable, net 81,000 0
Other assets 936,764 533,382
Total current assets 2,209,680 6,969,464
Long-term assets    
Property and equipment - net 1,172,355 1,267,037
Right of use asset – operating lease 670,141 811,153
Security deposits 17,004 17,004
Total long-term assets 1,859,500 2,095,194
Total assets 4,069,180 9,064,658
Current liabilities    
Accounts payable 539,961 220,908
Notes payable 202,554 48,000
Operating lease liability - current 307,431 281,162
Accrued expenses 200,303 242,197
Deferred revenue 100,000
Accrued dividends 48,079 48,079
Total current liabilities 1,398,328 840,346
Long-term liabilities    
Operating lease liability - non-current 485,431 664,542
Total long-term liabilities 485,431 664,542
Total liabilities 1,883,759 1,504,888
Commitments and Contingencies
Stockholders’ Equity    
Common stock, $.001 par value, 500,000,000 shares authorized; 229,960,003 and 229,580,642 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 229,962 229,583
Additional paid-in capital 144,903,912 142,192,155
Accumulated deficit (142,948,467) (134,861,982)
Total stockholders’ equity 2,185,421 7,559,770
Total Liabilities and Stockholders’ Equity 4,069,180 9,064,658
Series A convertible preferred stock    
Stockholders’ Equity    
Series A convertible preferred stock, $.001 par value, 2,000,000 shares authorized and 13,602 shares issued and outstanding at June 30, 2026 and December 31, 2025 (Liquidation preference $340,050 and $340,050, respectively) $ 14 $ 14