v3.26.1
Discontinued Operations (Tables)
 6 Months Ended
Jun. 30, 2026
Discontinued Operations [Abstract]  
Schedule of Discontinued Operations, Net of Tax

The following table presents components of discontinued operations, net of tax for the six months ended June 30, 2026 and 2025:

 

   For the Three Months Ended
June 30,		   For the Six Months Ended
June 30,		 
   2026   2025   2026   2025 
Revenues  $
-
   $1,856,315   $17,842   $4,333,235 
Prior period discounts and refunds   (5,000)   
-
    (20,225)   
-
 
Net revenues   (5,000)   1,856,315    (2,383)   4,333,235 
Cost of goods sold   
-
    1,986,024    17,960    3,360,222 
Gross profit (loss)   (5,000)   (129,709)   (20,343)   973,013 
                     
Operating expenses:                    
General and administrative expenses:                    
Other general and administrative expenses   18,315    2,786,702    642,204    4,718,217 
Total general and administrative expenses   18,315    2,786,702    642,208    4,718,217 
Total operating expenses   18,315    2,786,702    642,204    4,718,217 
                     
Net operating loss   (23,315)   (2,916,411)   (662,547)   (3,745,204)
                     
Other income (expense):                    
Interest income   
-
    555    
-
    27,266 
Gain on termination of leases   
-
    
-
    80,697    
-
 
Loss on disposition of assets   
-
    
-
    (1,182)   
-
 
Total other expense   -    555    79,515    27,266 
                     
Loss from discontinued operations before income tax   (23,315)   (2,915,856)   (583,032)   (3,717,938)
Income tax provision   
-
    
-
    
-
    
-
 
Net loss  $(23,315)  $(2,915,856)  $(583,032)  $(3,717,938)
                     
Cash received       $1,500,000           
Liabilities assumed by Trea Grove LLC        635,380           
Less:                    
Assets sold:                    
Assets held for sale        (713,256)          
Construction in process - freeze dryers        (2,768,908)          
Freeze dryers, net        (6,744,473)          
Leasehold improvements, net        (1,459,067)          
Other property plant and equipment, net        (1,778,534)          
Accumulated depreciation        2,670,261           
Net loss on disposition of assets        (8,658,598)          
Severance expense        (2,442,500)          
Deal costs        (230,742)          
Loss on sale of assets       $(11,331,840)          
The following table represents the assets and liabilities from discontinued operations as of June 30, 2026 and December 31, 2025.
   June 30,   December 31, 
   2026   2025 
Assets of discontinued operations        
Accounts receivable, net  $
-
   $60,333 
Current assets of discontinued operation   
-
    60,333 
Total assets of discontinued operation  $
-
   $60,333 

 

   June 30,
2026		   December 31,
2025		 
Liabilities of discontinued operations        
Current portion of operating lease liabilities  $
-
   $2,599,102 
Total liabilities of discontinued operation  $
-
   $2,599,102