v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash $ 1,996,726 $ 532,885
Accounts receivable 30,000 0
Marketable securities 990,566 0
Prepaid assets 677,643 518,407
TOTAL CURRENT ASSETS 3,694,935 1,051,292
PROPERTY AND EQUIPMENT    
Furniture and fixtures 25,237 25,237
Less: accumulated depreciation 15,070 14,777
Furniture and fixtures, net 10,167 10,460
OTHER ASSETS    
Investments 6,941,083 5,691,084
Intangible assets, net 451,563 541,875
Co-development rights, net 1,054,167 1,554,166
Right of use asset, net of accumulated amortization 39,564 59,783
Total other assets 8,486,377 7,846,908
TOTAL ASSETS 12,191,479 8,908,660
CURRENT LIABILITIES    
Accounts payable 1,028,826 1,269,763
Accrued expenses 416,209 736,884
Convertible notes payable, net of debt discount of $57,994 and $435,635 1,042,007 1,087,873
Notes payable, current portion, in default 100,000 100,000
Right of use liability, current portion 21,738 42,305
Customer deposit 1,631,445 0
Derivative liability 0 1,041,484
Other current liabilities 235,000 235,000
TOTAL CURRENT LIABILITIES 4,475,225 4,513,309
LONG TERM LIABILITIES    
Note payable, net of current portion 150,000 150,000
Derivative liability warrants 467,250 359,250
Right of use liability, non-current portion 18,874 18,875
TOTAL LONG TERM LIABILITIES 636,124 528,125
TOTAL LIABILITIES 5,111,349 5,041,434
COMMITMENTS AND CONTINGENCIES (NOTE 11)  
STOCKHOLDERS' EQUITY    
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, 625 and 6,250 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 1 2
Common stock, $0.0001 par value, 150,000,000 shares authorized, 4,166,713 and 2,116,191 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 416 212
Additional paid-in capital 111,850,568 102,976,748
Subscription receivable (125,000) (2,100,000)
Common stock subscribed 359,046 541,875
Accumulated deficit (105,989,201) (98,233,673)
TOTAL STOCKHOLDERS' EQUITY - CONTROLLING INTERESTS 6,095,830 3,185,164
TOTAL STOCKHOLDERS' EQUITY - NONCONTROLLING INTERESTS 984,300 682,062
TOTAL STOCKHOLDERS' EQUITY 7,080,130 3,867,226
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 12,191,479 $ 8,908,660