Commitments and Contingencies |
6 Months Ended |
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Jun. 30, 2026 | |
| Commitments and contingencies | |
| Commitments and Contingencies | Note 8 - Commitments and Contingencies
Except for the going-concern uncertainty described in Note 2, the split-off described in Note 4, the former PRC supplier matters described in Part II, Item 1, and the convertible-note obligations and default described in Note 6.
Moku License Agreement. On February 8, 2026, the Company entered into an Intellectual Property & Brand License Agreement with Moku Foods, Inc. Pursuant to the agreement, the Company agreed to cause shares of its common stock having a stated value of $100,000 to be issued to an escrow agent as contingent consideration, subject to the release conditions set forth in the agreement. No shares had been issued by the Company’s transfer agent under this arrangement as of June 30, 2026, and no such shares are included in the Company’s issued and outstanding common stock as of June 30, 2026. Moku has no beneficial ownership, voting, dividend or transfer rights with respect to the contingent shares unless and until shares are issued and released in accordance with the agreement.
The Company was not subject to other material commitments or contingencies as of June 30, 2026.
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