v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 12,167,136 $ 1,003,904
Prepaid expenses and other current assets 1,009,958 55,102
Inventories 288,450 253,160
Total current assets 13,465,544 1,312,166
Deferred financing costs 75,000
Total assets 13,540,544 1,312,166
Current liabilities    
Accounts payable 972,108 1,014,377
Accrued expenses 714,088 1,008,569
Due to affiliate 353,679
Derivative liability 40,954
Subscription agreement loans 1,500,000
Convertible notes 1,290,476
Total current liabilities 1,686,196 7,592,833
Forward purchase agreement liability 96,527 95,662
Total liabilities 1,782,723 7,688,495
Commitments and contingencies (Note 6)  
Stockholders’ equity (deficit)    
Series A convertible preferred stock, 30,000 and 0 shares as designated, respectively, $0.0001 par value; 17,050 and 0 shares issued or outstanding, respectively
Common stock; $0.0001 par value; 490,000,000 shares authorized; 1,295,234 and 117,780 issued and outstanding, respectively [1] 129 12
Additional paid-in capital 43,506,805 20,881,740
Accumulated deficit (31,749,115) (27,258,081)
Total stockholders’ equity (deficit) 11,757,821 (6,376,329) [2]
Total liabilities and stockholders’ equity (deficit) 13,540,544 1,312,166
Series A Convertible Preferred Stock [Member]    
Stockholders’ equity (deficit)    
Series A convertible preferred stock, 30,000 and 0 shares as designated, respectively, $0.0001 par value; 17,050 and 0 shares issued or outstanding, respectively 2
Related Party [Member]    
Current liabilities    
Notes payable – related party 885,564
Promissory note fee – related party 1,000,000
Loan and transfer notes payable – related party $ 499,214
[1] Retroactively restated for a 1 for 40 reverse stock split on January 16, 2026 and a 1 for 30 reverse stock split on May, 11, 2026.
[2] Retroactively restated for a 1 for 40 reverse stock split on January 16, 2026 and a 1 for 30 reverse stock split on May, 11, 2026.