v3.26.1
Discontinued Operations
3 Months Ended
Mar. 31, 2026
Discontinued Operations  
Discontinued Operations

3)    Discontinued Operations

ABC Assets’ Discontinued Operations

As a result of the Board ABC Resolution and Sherwood Agreement, as of March 31, 2025, the Company determined that the ABC Assets met the discontinued operations accounting criteria. Accordingly, the Company classified the ABC Assets’ operations as discontinued operations in its condensed consolidated statements of operations for all periods presented.

Condensed Consolidated statement of operations related to the ABC Assets’ discontinued operations:

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For the Three Months Ended March 31, 

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  ​ ​ ​

2026

  ​ ​ ​

2025

Net sales

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$

—

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$

713,539

Cost of goods sold

​

 

—

​

 

198,903

Gross profit

​

 

—

​

 

514,636

Selling, general and administrative

​

 

—

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1,140,323

Research and development expense

​

 

—

​

 

82,186

Depreciation and amortization expense

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—

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189,514

Interest expense, promissory note

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—

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163,094

Loss from discontinued operations before income tax

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—

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(1,060,481)

Provision for income taxes

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—

​

 

—

Loss from discontinued operations

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$

—

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$

(1,060,481)

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