v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash $ 2,001,007 $ 68,000
Royalty receivable 7,138 7,138
Prepaid expenses and other current assets 1,278,791 603,267
Employee advance 7,500
Franchise tax receivable 121,872
Total current assets 3,286,936 807,777
Property, plant and equipment, net 127,847 8,050
Total assets 3,414,783 815,827
Current liabilities    
Accounts payable 645,521 609,030
Accrued liabilities 262,841 143,730
Financing payable 185,600 464,000
Derivative liability 1,888,086
Warrant liability 13,243 1,146,373
Total current liabilities 9,540,392 8,595,481
Total liabilities 9,540,392 8,595,481
Commitments and contingencies
Mezzanine equity    
Series C preferred stock, $0.001 par value, 8,500,000 shares authorized, 0 and 4,300,000 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 41,170,508
Stockholders’ deficit    
Additional paid-in capital 99,545,114 50,551,057
Accumulated deficit (105,671,216) (99,501,325)
Total stockholders’ deficit (6,125,609) (48,950,162)
Total liabilities, mezzanine equity and stockholders’ deficit 3,414,783 815,827
Common Class A [Member]    
Stockholders’ deficit    
Class A common stock, $0.0001 par value, 228,500,000 shares authorized, 4,933,091 and 1,064,255 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 493 106
Related Party [Member]    
Current liabilities    
Accrued liabilities payable to related party 81,495 252,830
Accrued interest payable to related party 413,555 188,142
Convertible notes payable 5,567,195 5,159,534
Nonrelated Party [Member]    
Current liabilities    
Convertible notes payable $ 482,856 $ 631,842