SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Intangible Asset, Finite-Lived [Line Items] |
|
| SCHEDULE OF FOREIGN CURRENCY TRANSLATION AND TRANSACTION |
The
following table outlines the currency exchange rates that were used in preparing the condensed consolidated financial statements:
SCHEDULE
OF FOREIGN CURRENCY TRANSLATION AND TRANSACTION
| | |
June 30, | | |
December 31, | |
| | |
2026 | | |
2025 | |
| Period-end spot rate | |
US$1=MX$ | 0.06 | | |
US$1=MX$ | 0.06 | |
| Average rate | |
US$1=MX$ | 0.06 | | |
US$1=MX$ | 0.05 | |
|
| SCHEDULE OF FINANCIAL INSTRUMENTS MEASUREMENT AT FAIR VALUE |
The
following tables summarize our financial instruments measured at fair value as of June 30, 2026 and December 31, 2025.
SCHEDULE
OF FINANCIAL INSTRUMENTS MEASUREMENT AT FAIR VALUE
| | |
Level
1 | | |
Level
2 | | |
Level
3 | |
| | |
Fair
Value Measurements at June 30, 2026 | |
| | |
Level
1 | | |
Level
2 | | |
Level
3 | |
| Assets | |
| | | |
| | | |
| | |
| Cash and cash
equivalents | |
$ | 228,688 | | |
$ | - | | |
$ | - | |
| Total assets | |
| 228,688 | | |
| - | | |
| - | |
| Liabilities | |
| | | |
| | | |
| | |
| Total liabilities | |
| - | | |
| - | | |
| - | |
| Fair value, net asset
(liability) | |
$ | 228,688 | | |
$ | - | | |
$ | - | |
| | |
Level
1 | | |
Level
2 | | |
Level
3 | |
| | |
Fair
Value Measurements at December 31, 2025 | |
| | |
Level
1 | | |
Level
2 | | |
Level
3 | |
| Assets | |
| | | |
| | | |
| | |
| Cash and cash
equivalents | |
$ | 1,486,338 | | |
$ | - | | |
$ | - | |
| Total assets | |
| 1,486,338 | | |
| - | | |
| - | |
| Liabilities | |
| | | |
| | | |
| | |
| Total liabilities | |
| - | | |
| - | | |
| - | |
| Fair value, net asset
(liability) | |
$ | 1,486,338 | | |
$ | - | | |
$ | - | |
|
| Master Distribution Agreement [Member] |
|
| Intangible Asset, Finite-Lived [Line Items] |
|
| SCHEDULE OF CARRYING AMOUNT OF INTANGIBLE ASSETS |
The
carrying amount of master distribution agreements as of June 30, 2026 is as follows:
SCHEDULE
OF CARRYING AMOUNT OF INTANGIBLE ASSETS
| Gross carrying amount: | |
$ | 1,963,000 | |
| Accumulated amortization: | |
| (629,759 | ) |
| Impairment | |
| (1,239,942 | ) |
| Net carrying amount: | |
$ | 93,299 | |
|
| SCHEDULE OF ESTIMATED AMORTIZATION EXPENSE |
SCHEDULE
OF ESTIMATED AMORTIZATION EXPENSE
| Year 1: | |
$ | 29,691 | |
| Year 2: | |
| 58,899 | |
| Year 3: | |
| 4,709 | |
| Total: | |
$ | 93,299 | |
|
| Patents [Member] |
|
| Intangible Asset, Finite-Lived [Line Items] |
|
| SCHEDULE OF CARRYING AMOUNT OF INTANGIBLE ASSETS |
The
carrying amount of patents as of June 30, 2026 is as follows:
SCHEDULE
OF CARRYING AMOUNT OF INTANGIBLE ASSETS
| Gross carrying amount: | |
$ | 15,954,150 | |
| Accumulated amortization: | |
| 2,400,878 | |
| Net carrying amount: | |
$ | 13,553,272 | |
|
| SCHEDULE OF ESTIMATED AMORTIZATION EXPENSE |
Amortization
expense for the three and six months ended June 30, 2026 was $279,891 and $556,706, respectively. The estimated amortization expense
for the next five years is as follows:
SCHEDULE
OF ESTIMATED AMORTIZATION EXPENSE
| Year 1: | |
$ | 1,122,639 | |
| Year 2: | |
| 1,122,639 | |
| Year 3: | |
| 1,122,639 | |
| Year 4: | |
| 1,122,639 | |
| Year 5: | |
| 1,122,639 | |
| Thereafter: | |
| 7,940,077 | |
| Total: | |
$ | 13,553,272 | |
|