v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash $ 573,666 $ 57,294
Marketable securities 54,101 52,445
Royalty receivables, net of allowance for uncollectible receivables 302,228 0
Prepaid expenses 51,668 69,364
Total current assets 981,663 179,103
Long-term assets:    
Deferred tax asset, net of valuation allowance 0 0
Total long-term assets 0 0
Total assets 981,663 179,103
Current liabilities:    
Accounts payable and accrued liabilities 257,931 873,518
Accounts payable and accrued liabilities – related parties 605,272 490,000
Convertible note payable – related party 950,446 664,095
Total current liabilities 1,813,649 2,027,613
Commitments and contingencies
Stockholders' equity:    
Common stock, par value $.001; 400,000,000 shares authorized; 68,296,490 shares issued and outstanding at June 30, 2026 and December 31, 2025 respectively 68,297 68,297
Treasury stock (100,000 shares) (9,093) (9,093)
Additional paid-in capital 28,374,259 28,374,259
Accumulated other comprehensive income (loss) (15,343) (20,371)
Accumulated deficit (29,250,396) (30,261,892)
Total stockholders' equity (831,986) (1,848,510)
Total liabilities and stockholders' equity 981,663 179,103
Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock, value 0 0
Series A Preferred Stock [Member]    
Stockholders' equity:    
Preferred stock, value $ 290 $ 290