Property and Equipment |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||
| Property and Equipment [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||
| Property and Equipment | Note 8 – Property and Equipment
Following the sale of substantially all manufacturing and operating assets and the transition to a commission-based distribution model, the Company no longer owns manufacturing facilities, production equipment, or construction-in-progress assets. Property and equipment as of June 30, 2026 and December 31, 2025 consists primarily of office equipment and software.
During the three months ended June 30, 2026, the Company wrote off the remaining net book value of its capitalized enterprise resource planning software of $16,667. As a result, property and equipment was fully depreciated as of June 30, 2026.
Depreciation and amortization expense related to continuing operations was $2,500 and $8,583 for the three months ended June 30, 2026 and 2025, respectively, and $2,500 and $17,167 for the six months ended June 30, 2026 and 2025, respectively. In addition, the Company recorded a loss on disposal of assets of $19,167 and $21,667 for the three and six months ended June 30, 2026, respectively, on the write-off of the remaining net book value of its property and equipment, which is presented within other expense. Depreciation related to the assets used in the manufacture and sale of freeze-dried candy was reclassified to cost of goods sold, and has been included in the loss on discontinued operations.
Property and equipment at consist of the following at June 30, 2026 and December 31, 2025:
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