v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash $ 654,987 $ 935,763
Inventories, net 3,193,480 2,240,943
Accounts receivable, net of allowance for doubtful accounts 1,684,387 1,116,924
Prepaid expenses 1,202,512 524,691
Total current assets 6,735,366 4,818,321
Property and equipment, net 33,102,298 35,848,010
Operating lease right of use assets, net 383,565 495,457
Security deposit 31,893 31,893
Total assets 52,749,247 55,169,056
Current liabilities:    
Bank overdraft 698 163,141
Accounts payable and accrued expenses 9,667,042 8,043,143
Accrued payroll and related expenses 3,946,411 3,946,411
Non-convertible notes payable, current portion, net of unamortized debt discount of $185,464 and $162,390, respectively 5,456,623 1,798,444
Related party note payable 5,391,859 5,391,859
Due to related parties 5,117,085 3,542,433
Operating lease obligations, current portion 208,152 272,476
Total current liabilities 29,787,870 23,157,907
Operating lease obligations, less current portion 192,228 233,451
Non-convertible notes payable, net of unamortized debt discount of $1,297,085 and $1,642,823, respectively 1,577,897 5,840,738
Total liabilities 31,557,995 29,232,096
Commitments and contingencies (See Note 11)
Stockholders’ equity:    
Common stock, $0.001 par value, 1,200,000,000 shares authorized; 829,631 and 829,631 shares issued and outstanding, respectively 830 830
Additional paid in capital 546,846,108 546,846,108
Accumulated deficit (525,656,136) (520,910,428)
Total stockholders’ equity 21,191,252 25,936,960
Total liabilities and stockholders’ equity 52,749,247 55,169,056
Series A-1 Preferred Stock [Member]    
Stockholders’ equity:    
Preferred stock, value 450 450
License [Member]    
Current assets:    
Intangible assets, net 11,168,850 12,232,550
Customer Lists [Member]    
Current assets:    
Intangible assets, net 1,175,475 1,287,425
Intellectual Property [Member]    
Current assets:    
Intangible assets, net 151,800 455,400
Nonrelated Party [Member]    
Current assets:    
Property and equipment, net 23,611,697 25,580,301
Related Party [Member]    
Current assets:    
Property and equipment, net 9,490,601 10,267,709
Current liabilities:    
Operating lease obligations, current portion