v3.26.1
Condensed Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash $ 56,235 $ 333
Prepaid expenses 8,452 15,453
Total current assets 64,687 15,786
Total assets 64,687 15,786
Current liabilities:    
Accounts payable 77,700 215,958
Accrued expenses 37,673 37,673
Notes payable, including accrued interest 337,084 317,734
Notes payable related parties, including accrued interest 1,361,540 1,295,405
Bridge loan payable, related party, including accrued interest 158,281 171,857
Convertible debt, including accrued interest 124,880 118,814
Total current liabilities 2,097,158 2,157,441
Total liabilities 2,097,158 2,157,441
Commitments and contingencies (See Note 7)
Shareholders’ deficit:    
Common stock, $.01 par value, 100,000,000 shares authorized, 52,767,652 and 50,316,672 shares issued at June 30, 2026 and December 31, 2025, respectively, and 49,332,455 and 46,881,475 shares outstanding at June 30, 2026 and December 31, 2025, respectively 493,325 468,815
Additional paid-in capital 291,795,745 291,570,255
Accumulated deficit (294,121,787) (293,980,971)
Treasury stock, at cost, 3,435,197 shares at June 30, 2026 and December 31, 2025 (199,754) (199,754)
Total shareholders’ deficit (2,032,471) (2,141,655)
Total liabilities and shareholders’ deficit $ 64,687 $ 15,786