| SCHEDULE OF RECOGNIZED REVENUE ASSETS AND LIABILITIES |
Assets
and liabilities (included in accrued expenses) under the Agreement were as follows:
SCHEDULE OF RECOGNIZED REVENUE ASSETS AND LIABILITIES
| | |
June 30, 2026 | | |
March 31, 2026 | |
| Accounts receivable | |
$ | - | | |
$ | - | |
| Rebate liability | |
| 57,264 | | |
| 57,264 | |
| Distribution fee payable | |
| - | | |
| 2,299 | |
|
| SCHEDULE OF UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET |
The following tables summarizes the effect of the errors on the Company’s audited consolidated balance sheet
as of March 31, 2026 and unaudited consolidated balance sheet as of June 30, 2025:
SCHEDULE
OF UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEET
| | |
March 31, 2026 As Previously Reported | | |
Adjustment | | |
March 31, 2026 As Revised | |
| | |
| | |
| | |
| |
| Audited consolidated balance sheets - Additional Paid-In Capital | |
$ | 103,584,614 | | |
$ | (763,259 | ) | |
$ | 102,821,355 | |
| Audited consolidated statements of changes in stockholders’ equity - Beneficial conversion feature | |
| 786,908 | | |
| (786,908 | ) | |
| - | |
| Audited consolidated statements of changes in stockholders’ equity - Warrants issued with promissory notes | |
| - | | |
| 23,649 | | |
| 23,649 | |
| Audited consolidated balance sheets - Accumulated Deficit | |
| (102,075,765 | ) | |
| 763,259 | | |
| (101,312,506 | ) |
| | |
June 30, 2025 As Previously Reported | | |
Adjustments | | |
June 30, 2025 As Revised | |
| | |
| | |
| | |
| |
| Unaudited condensed consolidated balance sheets - Additional Paid-In Capital | |
$ | 97,236,660 | | |
$ | (763,259 | ) | |
$ | 96,473,401 | |
| Unaudited condensed consolidated statements of changes in stockholders’ equity - Beneficial conversion feature | |
| 763,259 | | |
| (763,259 | ) | |
| - | |
| Unaudited condensed consolidated balance sheets – Convertible notes payable and accrued interest, net of discount | |
| 1,129,222 | | |
| 763,259 | | |
| 1,892,481 | |
| Unaudited condensed consolidated balance sheets - Total Stockholder’s Equity | |
| 3,730,977 | | |
| (763,259 | ) | |
| 2,967,718 | |
|