Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS
Sep. 30, 2026
USD ($)
Dec. 31, 2025
USD ($)
Current Assets:    
Cash $ 4,440,231 $ 7,934,958
Accounts receivable, net 127,487 7,125
Inventories, net 36,260 99,813
Other receivables 0 20,000
Prepaid expenses 207,232 492,953
Marketable securities 0 22,887
Deposit – current portion 46,655 69,393
Total Current Assets 4,857,865 8,647,129
Property and equipment, net 17,349,934 66,705
Operating lease right-of-use asset 138,098 12,501
Capitalized software costs 239,399 159,179
Deposits 7,188 0
Total Assets 22,592,484 8,885,514
Current Liabilities:    
Accounts payable and accrued liabilities 608,163 358,007
Other current liabilities 193,853 0
Loan, current portion 129,290 0
Lease liability, current portion 58,011 8,464
Total Current Liabilities 989,317 366,471
Non-Current Liabilities:    
Loan, less current portion 10,839,154 0
Other liability 63,484 0
Lease liability, less current portion 64,085 0
Total Liabilities 11,956,040 366,471
Redeemable Preferred Stock:    
Contingencies  
Stockholders’ Equity:    
Common stock, par value $0.001 per share, 1,000,000,000 shares authorized; 982,012 and 228,774 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively 982 229
Treasury stock (54,494 and 4,271 shares held at September 30, 2026 and December 31, 2025, respectively) (848,533) (494,390)
Additional paid-in capital 46,888,529 34,038,844
Shares to be issued, common shares (2,156 and 1,449 shares at September 30, 2026 and December 31, 2025, respectively) 14,602 82,884
Accumulated deficit (35,404,538) (31,023,411)
Accumulated other comprehensive loss (14,598) (31,397)
Total Stockholders’ Equity 10,636,444 2,572,759
Total Liabilities, Redeemable Preferred Stock and Stockholders’ Equity 22,592,484 8,885,514
Series B Convertible Redeemable Preferred Stock [Member]    
Redeemable Preferred Stock:    
Preferred stock value $ 0 $ 5,946,284