v3.26.3
CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and Cash Equivalents $ 2,485,987 $ 1,767,123
Prepaid Expenses, net of Prepaid Inventory Allowance on Hemp or Hemp-Related Goods of $253,586 105,742 348,667
Accounts Receivable, net of allowance of $2,062,481 in 2026 and $1,269,590 in 2025 1,839,757 2,531,524
Inventory, net of allowance of $5,062,613 in 2026 and $0 in 2025 2,363,988 10,957,823
Current Portion of Settlement Asset and Receivables, net of allowance of $25,000 in 2026 and $0 in 2025 135 24,910
Other Current Assets 6,393 61,000
Total Current Assets 6,802,002 15,691,047
Investment in Bendistillery 0 99,800
Net Deferred Tax Asset 129,591 269,802
Fixed Assets, less accumulated depreciation of $1,369,708 in 2026 and $1,608,543 in 2025 598,017 2,273,377
Security and State Licensing Deposits and Bonds 53,830 50,183
Operating Lease Right-of-Use Asset, net of Right-of-Use Asset Amortization of $661,177 in 2026 and $457,742 in 2025 734,994 888,339
Intangible Assets 5,023 0
Total Assets 8,323,457 19,272,548
Current Liabilities    
Operating Lease Liability 310,315 257,708
Deferred Revenue 493,155 1,380,049
Income Tax Payable 9,362 155,184
Accounts Payable and Accrued Expenses 3,346,624 3,326,650
Accounts Payable - Related Party 510 5,304
Note Payable - Related Party 0 3,846
Preferred Stock Dividends Payable 5,221 7,124
Note Payable to Surety Bank 0 22,282
Interest Payable to Surety Bank 0 4,264
Total Current Liabilities 4,165,187 5,162,410
Non-Current Liabilities    
Operating Lease Liability 473,794 680,280
Note Payable to Surety Bank 0 797,597
Total Non-Current Liabilities 473,794 1,477,877
Total Liabilities 4,638,981 6,640,288
Commitments and Contingencies 0 0
Shareholders' Equity    
Common Stock, $0.001 par value; 100,000,000 shares authorized, and:14,822,678 shares issued and outstanding at September 30, 2026 14,822,678 shares issued and outstanding at December 31, 2025 14,823 14,823
Additional Paid-in Capital 40,986,553 40,986,553
142,000 shares of Deferred Contingent Stock issuable upon instruction by the respective Deferred Contingent Stock Recipients at September 30, 2026 and December 31, 2025 470,730 470,730
Accumulated Deficit (37,787,673) (28,839,889)
Total Shareholders' Equity 3,684,475 12,632,260
Total Liabilities and Shareholders' Equity 8,323,457 19,272,548
Series B Convertible Preferred Stock [Member]    
Shareholders' Equity    
Preferred stock, value 40 40
Series A Convertible Preferred Stock [Member]    
Shareholders' Equity    
Preferred stock, value $ 3 $ 3