v3.26.1
Discontinued Operations (Tables)
 6 Months Ended
Jun. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations The fair value of total consideration received was as follows:
Fair Value of Consideration ReceivedAmount
Cash$1,035,827 
Promissory note receivable, at fair value4,787,469 
Series D convertible preferred stock, at fair value5,614,086 
Company liabilities assumed by the Buyer239,446 
Total Fair Value of Consideration Received$11,676,828 
The carrying value of the net assets of the Disposal Group derecognized upon the loss of control was as follows:

Assets
Cash and cash equivalents$42,495 
Accounts receivable, net985 
Prepaid expenses74,492 
Property and equipment, net (aircraft, etc.)155,216 
Right-of-use assets (operating leases)524,548 
Deposits and other assets48,615 
Goodwill7,818,805 
Intangible assets7,375,476 
Total Assets$16,040,632 
Liabilities
Accounts payable and accrued liabilities$493,278 
Deferred revenue190,850 
Note payable235,158 
Operating lease payable507,910 
Intercompany payable, net896,380 
Total Liabilities2,323,576 
Net assets of the Disposal Group$13,717,056 
The following table presents the major classes of assets and liabilities of the discontinued operations as of December 31, 2025:

Assets:
Cash$25,671 
Accounts receivable, net1,530 
Prepaid expenses and other current assets74,492 
Property and equipment, net176,866 
Operating lease right-of-use asset, net586,310 
Goodwill7,818,805 
Intangible assets, net7,457,961 
Deposits and other assets48,615 
Total assets of discontinued operations$16,190,250 
Liabilities:
Accounts payable and accrued liabilities$339,074 
Deferred revenue166,517 
Notes payable, net of debt discount and issuance costs419,056 
Operating lease payable567,423 
Total liabilities of discontinued operations$1,492,070 
The following table summarizes the major classes of line items included in loss from discontinued operations:
Three months ended June 30,Six months ended June 30,
2026202520262025
Net Revenue$— $136,131 $323,429 806,713 
Cost of Revenue— (121,073)(333,201)(509,101)
Gross Margin— 15,058 (9,772)297,612 
General and Administrative— 154,564 280,656 520,057 
Compensation— 154,637 165,882 403,153 
Marketing— 395 10,189 22,986 
Interest expense — 6,654 — 18,976 
Other income, net— — — (240,567)
Loss from discontinued operations— (301,192)(466,499)(426,993)
Net loss on disposition of business— — (912,840)— 
Loss from discontinued operations$— $(301,192)$(1,379,339)$(426,993)
Schedule of Lease Cost
Operating right-of-use assets are summarized below.
As of
June 30,
2026		As of
March 9,
2026		As of
December 31,
2025
Office and Plane Leases$— $752,101 725,501 
Less accumulated amortization— (227,553)(139,191)
Right-of-use asset, net$— $524,548 $586,310 
Operating lease liabilities are summarized below
As of
June 30,
2026		As of
March 9,
2026		As of
December 31, 2025
Office and Plane Leases$— $507,910 567,423 
Less: current portion— (337,667)(331,137)
Long term portion$— $170,243 $236,286 
Schedule of Supplemental Cash Flow and Other Information Related to Leases
Supplemental cash flow and other information related to leases was as follows:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Cash paid for amounts included in the measurement of lease liabilities:$— $— $— $— 
Operating lease payments$64,829$7,289$64,829$33,540
Weighted average remaining lease term (in years):N/A2.42N/A2.17
Weighted average discount rate:N/A5.5%N/A7.0%