v3.26.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
SCHEDULE OF RECEIVABLES

Receivables were made up of the following as of each balance sheet date:

 

   June 30,   December 31, 
   2026   2025 
Due from merchant processors  $83,394   $61,779 
Held in reserve by merchant processors for future returns and chargebacks   23,197    22,309 
Due from payout service providers   9,373    109,367 
Accounts and other receivables   34,733    376,123 
Receivable, gross    150,697    569,578 
Allowance for doubtful accounts   (2,695)   - 
Receivables   $148,002   $569,578 
SCHEDULE OF FIXED ASSETS

Fixed assets were made up of the following at each balance sheet date:

 

   Estimated        
   Useful        
   Life  June 30,   December 31, 
   (years)  2026   2025 
Furniture, fixtures, and equipment  10  $13,108   $13,108 
Computer equipment  3   34,404    32,021 
Manufacturing equipment  3-25   1,806,371    1,675,993 
Gross book value       1,853,883    1,721,122 
Accumulated depreciation      (296,991)   (196,392)
Net book value     $1,556,892   $1,524,730 
SCHEDULE OF ASSETS AND LIABILITIES MEASURED ON RECURRING BASIS

Items recorded or measured at fair value on a recurring basis in the accompanying consolidated financial statements consisted of the following items as of June 30, 2026:

 

   Level 1   Level 2   Level 3   Total 
Digital assets (see NOTE 5)  $4,016,380   $-   $-   $4,016,380 
Total Assets  $4,016,380   $-   $-   $4,016,380 
                     
Total Liabilities  $-   $-   $-   $- 

 

 

Items recorded or measured at fair value on a recurring basis in the accompanying consolidated financial statements consisted of the following items as of December 31, 2025:

 

   Level 1   Level 2   Level 3   Total 
Digital assets (see NOTE 5)  $5,464,011   $-   $-   $5,464,011 
Total Assets  $5,464,011   $-   $-   $5,464,011 
                     
Total Liabilities  $-   $-   $-   $- 
SCHEDULE OF REVENUE GENERATED

Revenue generated for the three months ended June 30, 2026, was as follows:

 

   Membership
revenue		   Health and wellness product sales   Coffee Sales   Other Revenue   Total 
Gross billings/receipts  $2,183,419   $242,645   $132,727   $2,306   $2,561,097 
Refunds, incentives, credits, and chargebacks   (86,043)   (93)   (682)   -    (86,818)
Net revenue  $2,097,376   $242,552   $132,045   $2,306   $2,474,279 

 

Foreign revenues for the three months ended June 30, 2026 were approximately $0.9 million while domestic revenue for the three months ended June 30, 2026 was approximately $1.6 million.

 

Revenue generated for the three months ended June 30, 2025, was as follows:

 

   Membership revenue   Health and wellness product sales   Other Revenue   Total 
Gross billings/receipts  $8,199,283   $1,311,747   $38,307   $9,549,337 
Refunds, incentives, credits, and chargebacks   (354,601)   (49)   -    (354,650)
Net revenue  $7,844,682   $1,311,698   $38,307   $9,194,687 

 

Foreign revenues for the three months ended June 30, 2025, were approximately $6.7 million while domestic revenue for the three months ended June 30, 2025 was approximately $2.5 million.

 

Revenue generated for the six months ended June 30, 2026, was as follows:

 

   Membership
revenue		   Health and wellness product sales   Coffee Sales   Other Revenue   Total 
Gross billings/receipts  $5,037,436   $513,037   $482,812   $12,179   $6,045,464 
Refunds, incentives, credits, and chargebacks   (197,041)   (1,713)   (30,307)   -    (229,061)
Net revenue  $4,840,395   $511,324   $452,505   $12,179   $5,816,403 

 

Foreign revenues for the six months ended June 30, 2026 were approximately $2.3 million while domestic revenue for the six months ended June 30, 2026 was approximately $3.5 million.

 

Revenue generated for the six months ended June 30, 2025, was as follows:

 

   Membership revenue   Health and wellness product sales   Other Revenue   Total 
Gross billings/receipts  $17,639,140   $1,680,190   $45,651   $19,364,981 
Refunds, incentives, credits, and chargebacks   (1,003,015)   (171)   -    (1,003,186)
Net revenue  $16,636,125   $1,680,019   $45,651   $18,361,795 
SCHEDULE OF INVENTORY

Inventory was made up of the following at each balance sheet date:

 

   June 30,   December 31, 
   2026   2025 
Finished goods  $406,509   $38,664 
Work in process   111,210    115,733 
Raw materials   459,273    508,603 
Inventory  $976,992   $663,000 
SCHEDULE OF POTENTIALLY DILUTIVE SECURITIES

The following table presents potentially dilutive securities that were not included in the computation of diluted net income of continued and discontinued operations per share for the three months ended June 30, 2026 and the net income of discontinued operations for the three months ended June 30, 2025, as their inclusion would be anti-dilutive.

 

   June 30, 2026   June 30, 2025 
Weighted average options to purchase common stock   371,147,434    351,416,665 
Weighted average warrants to purchase common stock   283,681    1,158,997 
Common stock issuable upon conversion of notes   471,428,571    471,428,571 
Common stock issuable upon conversion of non-voting membership interest   563,855,711    565,000,000 
 
   June 30, 2025 
Weighted average options to purchase common stock   351,416,665 
Weighted average warrants to purchase common stock   1,158,997 
  
   June 30, 2026   June 30, 2025 
Weighted average options to purchase common stock   369,438,212    351,416,665 
Weighted average warrants to purchase common stock   545,899    1,168,491 
Common stock issuable upon conversion of notes   471,428,571    471,428,571 
Common stock issuable upon conversion of non-voting membership interest   563,855,711    565,000,000 
  
   June 30, 2025 
Weighted average options to purchase common stock   351,416,665 
Weighted average warrants to purchase common stock   1,168,491 
 
SCHEDULE OF COMPUTATION OF DILUTED EARNINGS PER SHARE OF CONTINUED OPERATIONS

The following table illustrates the computation of diluted earnings per share of continued operations for the three months ended June 30, 2025.

 

      
Net income of continued operations  $815,707 
Less: net income attributable to noncontrolling interest   (2,781)
Less: preferred dividends   (204,835)
Add: interest expense on convertible debt   225,129 
Net income of continued operations available to common shareholders (numerator)  $833,220 
      
Basic weighted average number of common shares outstanding   1,858,586,010 
Dilutive impact of convertible notes   471,428,571 
Dilutive impact of non-voting membership interest   565,000,000 
Diluted weighted average number of common shares outstanding (denominator)   2,895,014,581 
      
Diluted income of continued operations per common share  $0.00 
 

The following table illustrates the computation of diluted earnings per share of continued operations for the six months ended June 30, 2025.

 

      
Net income of continued operations  $692,734 
Less: net income attributable to noncontrolling interest   (794)
Less: preferred dividends   (409,670)
Add: interest expense on convertible debt   450,258 
Net income of continued operations available to common shareholders (numerator)  $732,528 
      
Basic weighted average number of common shares outstanding   1,858,282,123 
Dilutive impact of convertible notes   471,428,571 
Dilutive impact of non-voting membership interest   565,000,000 
Diluted weighted average number of common shares outstanding (denominator)   2,894,710,694 
      
Diluted income of continued operations per common share  $0.00