v3.26.3
Discontinued Operations (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Discontinued Operations [Abstract]    
Schedule of Discontinued Operations

The following table presents the major classes of assets and liabilities of the discontinued operations as of December 31, 2025:

 

Assets:    
Cash  $25,671 
Accounts receivable, net   1,530 
Prepaid expenses and other current assets   74,492 
Property and equipment, net   176,866 
Operating lease right-of-use asset, net   586,310 
Goodwill   7,818,805 
Intangible assets, net   7,457,961 
Deposits and other assets   48,615 
Total assets of discontinued operations  $16,190,250 
      
Liabilities:     
Accounts payable and accrued liabilities  $339,074 
Deferred revenue   166,517 
Notes payable, net of debt discount and issuance costs   419,056 
Operating lease payable   567,423 
Total liabilities of discontinued operations  $1,492,070 

The following table summarizes the major classes of line items included in loss from discontinued operations:

 

   Three months ended June 30,   Six months ended June 30, 
   2026   2025   2026   2025 
Net Revenue  $—   $136,131   $323,429    806,713 
Cost of Revenue   —    (121,073)   (333,201)   (509,101)
Gross Margin   —    15,058    (9,772)   297,612 
General and Administrative   —    154,564    280,656    520,057 
Compensation   —    154,637    165,882    403,153 
Marketing   —    395    10,189    22,986 
Interest expense   —    6,654    —    18,976 
Other income, net   —    
—
    
—
    (240,567)
Loss from discontinued operations   —    (301,192)   (466,499)   (426,993)
Net loss on disposition of business   —    
—
    (912,840)   — 
Loss from discontinued operations  $—   $(301,192)  $(1,379,339)  $(426,993)

The following table presents the major classes of assets and liabilities of the discontinued operation as of December 31, 2025:

 

   December 31,
2025		 
Assets:    
Cash  $25,671 
Accounts receivable, net   1,530 
Prepaid expenses and other current assets   74,492 
Property and equipment, net   176,866 
Operating lease right-of-use asset, net   586,310 
Goodwill   7,818,805 
Intangible assets, net   7,457,961 
Deposits and other assets   48,615 
Total assets of discontinued operations  $16,190,250 
      
Liabilities:     
Accounts payable and accrued liabilities  $339,073 
Deferred revenue   166,517 
Notes payable, net of debt discount and issuance costs   419,056 
Operating lease payable   567,423 
Total liabilities of discontinued operations  $1,492,069 

The following table presents the major line items constituting the loss from discontinued operations for the year ended December 31, 2025:

 

   Year Ended
December 31,
2025		 
Net revenue  $1,913,443 
Cost of revenue   (1,570,826)
Compensation   (754,760)
Marketing   (90,706)
Stock-based compensation   (2,885,097)
General and administrative   (627,377)
Amortization of intangible assets   (363,906)
Impairment of goodwill   (223,579)
Interest expense   (57,048)
Settlement of liabilities, net   425,330 
Loss from discontinued operations, net of tax  $(4,234,526)
Schedule of Operating Right-of-Use Assets

Operating right-of-use assets are summarized below.

 

  

As of

June 30,

2026

  

As of

March 9,

2026

  

As of

December 31,

2025

 
Office and Plane Leases  $
—
   $752,101    725,501 
Less accumulated amortization   
—
    (227,553)   (139,191)
Right-of-use asset, net  $
—
   $524,548   $586,310 

 

Operating lease liabilities are summarized below

 

  

As of

June 30,

2026

  

As of

March 9,

2026

  

As of

December 31,
2025

 
Office and Plane Leases  $
—
   $507,910    567,423 
Less: current portion   
—
    (337,667)   (331,137)
Long term portion  $
—
   $170,243   $236,286 

The components of lease expense of the Disposal Group, which are included within loss from discontinued operations, were as follows:

 

   Year Ended
December 31,
2025		 
Operating lease cost  $162,862 
Short term lease cost   108,800 
Total lease cost  $271,662 
Schedule of Supplemental Cash Flow and Other Information Related to Leases

Supplemental cash flow and other information related to leases was as follows:

 

   Three Months Ended June 30,   Six Months Ended June 30, 
   2026   2025   2026   2025 
Cash paid for amounts included in the measurement of lease liabilities:  $—   $—   $—   $— 
Operating lease payments  $64,829   $7,289   $64,829   $33,540 
Weighted average remaining lease term (in years):   N/A    2.42    N/A    2.17 
Weighted average discount rate:   N/A    5.5%   N/A    7.0%

Supplemental cash flow and other information related to leases was as follows:

 

   Year Ended
December 31,
2025		 
Cash paid for amounts included in the measurement of lease liabilities:    
Operating lease payments  $162,862 
Weighted average remaining lease term (in years):   1.69 
Weighted average discount rate:   6.25%
Schedule of Operating Right-of-Use Assets   Operating right-of-use assets are summarized below.
   December 31,
2025		 
Office and Plane Leases  $725,501 
Less accumulated amortization   (139,191)
Right-of-use asset, net  $586,310 

 

Operating lease liabilities are summarized below.

 

   December 31,
2025		 
Office and Plane Leases  $567,423 
Less: current portion   (331,137)
Long term portion  $236,286 
Schedule of Future Minimum Payments  

Total future minimum payments required under the leases of the Disposal Group as of December 31, 2025 are as follows:

 

   Operating
Leases		 
2026  $355,117 
2027   237,666 
Total   592,783 
Less imputed interest   (25,360)
PV of Payments  $567,423