Quarterly report [Sections 13 or 15(d)]

Series B Redeemable Preferred Stock (Temporary Equity) (Tables)

v3.26.1
Series B Redeemable Preferred Stock (Temporary Equity) (Tables)
3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Schedule of balance sheet reconciled
             
   

March 31,

2026

     

December 31,

2025

 
Gross proceeds   $ 7,000,000     $ 7,000,000  
Less:                
Preferred stock issuance costs     (680,000 )     (680,000 )
Value converted into common stock     (1,520,650 )     (827,050 )
Plus:                
Accretion of carrying value to redemption value     680,000       453,334  
Preferred stock subject to possible redemption   $ 5,479,350     $ 5,946,284