Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net Loss $ (1,246,078) $ (1,251,378)
Adjustments to reconcile net loss to net cash from operating activities:    
Depreciation expense 6,722 5,453
Unrealized loss on marketable equity securities 14,013 2,992
Stock-based compensation – shares 104,610 94,962
Stock based compensation – options 2,159 10,284
Changes in operating assets and liabilities:    
Accounts receivable (2,525) (4,399)
Inventories 9,108 62,024
Other receivable 20,000 0
Prepaid expenses (88,161) (45,490)
Deposit (22,953) 0
Operating lease right-of-use asset 30,560 22,964
Accounts payable and accrued liabilities 95,423 3,457
Other current liabilities 0 (48,841)
Lease liabilities (71,378) (72,077)
Net cash flows used in operating activities (1,148,500) (1,220,049)
Cash flows from investing activities:    
Purchase of property and equipment (297) (23,380)
Deposit on building (525,000) 0
Capitalized software costs (96,919) 0
Net cash flows used in investing activities (622,216) (23,380)
Cash flows from financing activities:    
Purchases of treasury stock (154,617) (144,575)
Net cash flows used in financing activities (154,617) (144,575)
Effect of exchange rate 3,092 (5,714)
Net change in cash (1,922,241) (1,393,718)
Cash beginning of period 7,934,958 3,589,318
Cash end of period 6,012,717 2,195,600
Supplemental cash flow disclosure:    
Cash paid for income taxes 0 0
Cash paid for interest 0 0
Supplemental disclosure of non-cash investing and financing activities:    
Accretion of redeemable series B preferred stock discount 226,666 0
Conversion of series B preferred stock to common stock 693,600 0
Right-of-use assets obtained in exchange for operating lease liabilities $ 175,271 $ 0