v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIENCY) - USD ($)
HZO, Inc. and Subsidiaries
Convertible Preferred Stock
Series 2 Preferred Stock
HZO, Inc. and Subsidiaries
Convertible Preferred Stock
Series 2-A Preferred Stock
HZO, Inc. and Subsidiaries
Convertible Preferred Stock
Series 2-B Preferred Stock
HZO, Inc. and Subsidiaries
Convertible Preferred Stock
Series 2-C Preferred Stock
HZO, Inc. and Subsidiaries
Convertible Preferred Stock
HZO, Inc. and Subsidiaries
Common Stock
HZO, Inc. and Subsidiaries
Additional Paid-In Capital
Series 2 Preferred Stock
HZO, Inc. and Subsidiaries
Additional Paid-In Capital
Series 2-A Preferred Stock
HZO, Inc. and Subsidiaries
Additional Paid-In Capital
Series 2-B Preferred Stock
HZO, Inc. and Subsidiaries
Additional Paid-In Capital
Series 2-C Preferred Stock
HZO, Inc. and Subsidiaries
Additional Paid-In Capital
HZO, Inc. and Subsidiaries
Accumulated Deficit
HZO, Inc. and Subsidiaries
Accumulated Other Comprehensive Income (Loss)
HZO, Inc. and Subsidiaries
Series 2 Preferred Stock
HZO, Inc. and Subsidiaries
Series 2-A Preferred Stock
HZO, Inc. and Subsidiaries
Series 2-B Preferred Stock
HZO, Inc. and Subsidiaries
Series 2-C Preferred Stock
HZO, Inc. and Subsidiaries
Common Stock
Additional Paid-In Capital
Accumulated Deficit
Total
Balance at Dec. 31, 2023         $ 4,119,991 $ 56,439         $ 297,295,560 $ (270,210,561) $ 2,036,908         $ 33,298,337        
Balance as at the beginning (in shares) at Dec. 31, 2023         4,119,991,396 56,438,694                                
Increase (decrease) in shareholders' equity                                            
Stock-based compensation                     33,228             33,228        
Foreign currency translation                         690,540         690,540        
Net loss                       (22,091,427)           (22,091,427)        
Balance at Dec. 31, 2024         $ 4,119,991 $ 56,439         297,328,788 (292,301,988) 2,727,448         11,930,678        
Balance at the end (in shares) at Dec. 31, 2024         4,119,991,396 56,438,694                                
Balance at Dec. 31, 2024         $ 4,119,991 $ 56,439         297,328,788 (292,301,988) 2,727,448         11,930,678        
Balance at the end (in shares) at Dec. 31, 2024         4,119,991,396 56,438,694                                
Balance at Dec. 31, 2024         $ 4,119,991 $ 56,439         297,328,788 (292,301,988) 2,727,448         11,930,678        
Balance as at the beginning (in shares) at Dec. 31, 2024         4,119,991,396 56,438,694                                
Increase (decrease) in shareholders' equity                                            
Issuance of preferred stock $ 10,932,485 $ 3,026,641         $ (3,508,968) $ (1,080,137)           $ 7,423,517 $ 1,946,504              
Stock Issued During Period, Shares, New Issues 10,932,485,432 3,026,640,546                                        
Issuance of preferred stock upon conversion of subordinated convertible promissory notes     $ 6,027,708 $ 4,059,267         $ (2,252,281) $ 718,255           $ 3,775,427 $ 4,777,522          
Issuance of preferred stock upon conversion of subordinated convertible promissory notes (in shares)     6,027,707,347 4,059,267,542                                    
Repurchase of equity securities         $ (151,528) $ (6,125)         157,652             (1)        
Repurchase of equity securities (in shares)         (151,528,243) (6,125,454)                                
Stock-based compensation                     3,160             3,160        
Foreign currency translation                         (234,268)         (234,268)        
Net loss                       (9,936,452)           (9,936,452)        
Balance at Jun. 30, 2025         $ 28,014,564 $ 50,314         291,366,469 (302,238,440) 2,493,181         19,686,088        
Balance at the end (in shares) at Jun. 30, 2025         28,014,564,020 50,313,240                                
Balance at Dec. 31, 2024         $ 4,119,991 $ 56,439         297,328,788 (292,301,988) 2,727,448         11,930,678        
Balance as at the beginning (in shares) at Dec. 31, 2024         4,119,991,396 56,438,694                                
Increase (decrease) in shareholders' equity                                            
Issuance of preferred stock $ 10,932,485 $ 3,026,641         $ (3,511,121) $ (1,077,984)           $ 7,421,364 $ 1,948,657              
Stock Issued During Period, Shares, New Issues 10,932,485,432 3,026,640,546                                        
Issuance of preferred stock upon conversion of subordinated convertible promissory notes     $ 6,027,708 $ 4,059,267         $ (2,252,281) $ 718,255           $ 3,775,427 $ 4,777,522          
Issuance of preferred stock upon conversion of subordinated convertible promissory notes (in shares)     6,027,707,347 4,059,267,542                                    
Repurchase of equity securities         $ (151,528) $ (11,614)         163,136             (6)        
Repurchase of equity securities (in shares)         (151,528,243) (11,613,741)                                
Stock-based compensation                     4,625             4,625        
Foreign currency translation                         (1,317,000)         (1,317,000)        
Net loss                       (15,628,206)           (15,628,206)        
Balance at Dec. 31, 2025         $ 28,014,564 $ 44,825         291,373,418 (307,930,194) 1,410,448         12,913,061   $ 10 $ (659) $ (659)
Balance at the end (in shares) at Dec. 31, 2025         28,014,564,020 44,824,953                                
Balance at Jun. 30, 2025         $ 28,014,564 $ 50,314         291,366,469 (302,238,440) 2,493,181         19,686,088        
Balance at the end (in shares) at Jun. 30, 2025         28,014,564,020 50,313,240                                
Balance at Dec. 03, 2025                                     $ 0 0 0 0
Increase (decrease) in shareholders' equity                                            
Issuance of preferred stock                                       10    
Stock Issued During Period, Shares, New Issues                                     100      
Net loss                                         (659) (659)
Balance at Dec. 31, 2025         $ 28,014,564 $ 44,825         291,373,418 (307,930,194) 1,410,448         12,913,061   10 (659) (659)
Balance at the end (in shares) at Dec. 31, 2025         28,014,564,020 44,824,953                                
Increase (decrease) in shareholders' equity                                            
Net loss                                         (37,269) (37,269)
Balance at Mar. 31, 2026                                       10 (37,928) (37,928)
Balance at Dec. 31, 2025         $ 28,014,564 $ 44,825         291,373,418 (307,930,194) 1,410,448         12,913,061   10 (659) (659)
Balance as at the beginning (in shares) at Dec. 31, 2025         28,014,564,020 44,824,953                                
Increase (decrease) in shareholders' equity                                            
Stock-based compensation                     946             946        
Foreign currency translation                         (731,429)         (731,429)        
Net loss                       (53,180,792)           (53,180,792)       (138,061,944)
Balance at Jun. 30, 2026         $ 28,014,564 $ 44,825         291,374,364 (361,110,986) 679,019         (40,998,214)   10 (138,062,603) (138,062,603)
Balance at the end (in shares) at Jun. 30, 2026         28,014,564,020 44,824,953                                
Balance at Mar. 31, 2026                                       10 (37,928) (37,928)
Increase (decrease) in shareholders' equity                                            
Net loss                                         (138,024,675) (138,024,675)
Balance at Jun. 30, 2026         $ 28,014,564 $ 44,825         $ 291,374,364 $ (361,110,986) $ 679,019         $ (40,998,214)   $ 10 $ (138,062,603) $ (138,062,603)
Balance at the end (in shares) at Jun. 30, 2026         28,014,564,020 44,824,953