Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS
Mar. 31, 2026
USD ($)
Dec. 31, 2025
USD ($)
Current Assets:    
Cash $ 6,012,717 $ 7,934,958
Accounts receivable, net 9,650 7,125
Inventories, net 90,705 99,813
Other receivables 0 20,000
Prepaid expenses 581,929 492,953
Marketable securities 8,874 22,887
Deposit – current portion 79,302 69,393
Total Current Assets 6,783,177 8,647,129
Property and equipment, net 60,921 66,705
Operating lease right-of-use asset 157,857 12,501
Capitalized software costs 256,098 159,179
Deposits 539,213 0
Total Assets 7,797,266 8,885,514
Current Liabilities:    
Accounts payable and accrued liabilities 454,309 358,007
Lease liability, current portion 53,601 8,464
Total Current Liabilities 507,910 366,471
Non-Current Liabilities:    
Lease liability, less current portion 59,213 0
Total Liabilities 567,123 366,471
Redeemable Preferred Stock:    
Contingencies  
Stockholders’ Equity:    
Common stock, par value $0.001 per share, 1,000,000,000 shares authorized; 1,025,135 and 915,097 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 1,025 915
Treasury stock (33,975 and 17,085 shares held at March 31, 2026 and December 31, 2025, respectively) (649,007) (494,390)
Additional paid-in capital 34,901,858 34,038,158
Shares to be issued, common shares (4,254 and 5,794 shares at March 31, 2026 and December 31, 2025, respectively) 19,443 82,884
Accumulated deficit (32,496,155) (31,023,411)
Accumulated other comprehensive loss (26,371) (31,397)
Total Stockholders’ Equity 1,750,793 2,572,759
Total Liabilities, Redeemable Preferred Stock and Stockholders’ Equity 7,797,266 8,885,514
Series B Convertible Redeemable Preferred Stock [Member]    
Redeemable Preferred Stock:    
Preferred stock value $ 5,479,350 $ 5,946,284