v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash $ 2,376,662 $ 2,874,710
Note receivable, net of allowance 199,000
Inventories, net 46,595
Prepaid expenses and other 1,220,980 1,163,078
Deferred offering costs 100,048 105,973
Interest receivable 4,623 698
Total current assets 3,702,313 4,390,054
Other assets    
Fixed assets, net 1,506 3,673
Intangible assets, net 20,644,377 22,254,379
Right of use asset 126,259
Goodwill 7,565,680 7,565,680
Total other assets 28,337,822 29,823,732
Total assets 32,040,135 34,213,786
Current liabilities    
Accounts payable 6,126,869 6,403,888
Accrued compensation 1,150,399 647,098
Accrued creator commissions 3,421,870 3,363,959
Settlement payable 1,621,096 1,714,385
Accrued expenses 602,397 1,004,540
Accrued expenses - related parties 309,333 309,333
Accrued sales tax 3,142,261 3,109,334
Deferred revenue 594,575 767,436
Convertible notes payable, net of discount 4,071,610 4,753,919
Notes payable, current portion, net of discount 1,768,945 2,370,907
Operating lease, current portion 75,678
Total current liabilities 22,885,033 24,444,799
Long-term liabilities    
Operating lease, net of current portion 62,385
Total liabilities 22,947,418 24,444,799
Commitments and contingencies – Note 16
Stockholders’ equity    
Common stock, $0.001 par value – 93,750,000 shares authorized at June 30, 2026 and December 31, 2025; 10,319,946 and 3,933,863 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 10,320 3,934
Additional paid-in capital 103,623,891 94,256,224
Accumulated deficit (94,541,501) (84,491,187)
Total stockholders’ equity 9,092,717 9,768,987
Total liabilities and stockholders’ equity 32,040,135 34,213,786
Series A Preferred Stock [Member]    
Stockholders’ equity    
Preferred stock, value 5
Series B Preferred Stock [Member]    
Stockholders’ equity    
Preferred stock, value 1 5
Series C Preferred Stock [Member]    
Stockholders’ equity    
Preferred stock, value $ 6 $ 6