v3.26.1
CONSOLIDATED BALANCE SHEETS
Dec. 31, 2024
USD ($)
HZO, Inc. and Subsidiaries  
Current assets  
Cash $ 478,626
Accounts receivable - net of allowance for credit losses of $40 and $33 as of December 31, 2025 and December 31, 2024, respectively 836,382
Inventories, net 602,729
Prepaid expenses and other current assets 422,669
Total current assets 2,340,406
Property and equipment, net 6,640,655
Operating right-of-use asset, net 3,390,744
Other assets 423,676
Intangible assets, net 1,593,067
Goodwill 8,079,456
TOTAL ASSETS 22,468,004
Current Liabilities  
Accounts Payable, Current 980,154
Accrued expenses and other current liabilities 1,516,387
Deferred revenue 128,704
Current portion of operating lease liabilities 1,015,052
Current portion of notes payable 16,349
PIPE subscription derivative liability 1,052,000
Convertible promissory notes, net of discount 2,911,018
Total current liabilities 7,619,664
Other liabilities 131,009
Long-term operating lease liabilities, net of current portion 2,635,658
Long-term notes payable, net of current portion 39,215
Warrant liability 57,984
Deferred tax liability, net 53,796
TOTAL LIABILITIES 10,537,326
Commitments and contingencies
STOCKHOLDER'S DEFICIT  
Convertible preferred stock, $0.001 par value, 49,086,791,753 and 4,367,599,785 shares authorized; 28,014,564,020 and 4,119,991,396 shares issued and outstanding at December 31, 2025 and 2024 4,119,991
Common stock, $0.0001 par value; 100 shares authorized, issued and outstanding 56,439
Additional paid-in capital 297,328,788
Accumulated deficit (292,301,988)
Other comprehensive income 2,727,448
Total Stockholder's Deficit 11,930,678
TOTAL LIABILITIES AND STOCKHOLDER'S DEFICIT $ 22,468,004