v3.26.3
GOING CONCERN
12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
GOING CONCERN

NOTE 3 – GOING CONCERN

 

The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As of December 31, 2025, the Company had recurring losses, liquidity constraints, a high debt-to-asset ratio, restricted cash, and a temporary suspension of production. These conditions raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date the consolidated financial statements are issued.

 

On March 10, 2026, the Company raised $200,000 of additional capital, which improved its near-term liquidity. Management has developed plans intended to improve liquidity and support continued operations, including restoring production in the near term, which management currently expects could occur within approximately one month, subject to completion of remaining operational and facility-readiness steps, pursuing additional financing sources, including potential equity line and other financing arrangements, and continuing cost-control measures. However, these plans are dependent on future events and there can be no assurance that they will be successfully implemented. Accordingly, substantial doubt about the Company’s ability to continue as a going concern has not been alleviated.

 

The consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.