v3.26.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash $ 463,047 $ 509,914
Pre-payment 3,551
Total current assets 463,047 513,465
Intangibles, net 152,206 145,087
Total assets 615,253 658,552
Current liabilities:    
Accounts payable and accrued expenses 1,065,504 849,636
Loan from affiliates 355,598 395,668
Other short-term loans 50,000 50,000
Derivative Liability 476,489 403,353
Convertible notes payable, net of premium and discount 805,000 805,000
Total current liabilities 5,010,121 3,249,894
Total liabilities 5,010,121 3,249,894
Commitments and contingencies
Stockholders’ deficit:    
Preferred stock, $0.001 par value; 50,000,000 shares authorized, 43,283,991 issued and outstanding as at March 31, 2026, and December 31, 2025 43,284 43,284
Common stock, $0.001 par value; 400,000,000 shares authorized; 113,361,886 and 108,147,731 issued and outstanding as at March 31, 2026, and December 31, 2025, respectively 113,362 108,148
Additional paid-in capital 18,561,721 18,301,472
Accumulated deficit (23,113,235) (21,044,246)
Total stockholders’ deficit (4,394,868) (2,591,342)
Total liabilities and stockholders’ equity 615,253 658,552
Related Party [Member]    
Current liabilities:    
Accounts payable affiliates 869,237 647,959
Un-issued shares liability [1] 1,360,606 82,006
Loan from affiliates [2] 355,598 395,668
Nonrelated Party [Member]    
Current liabilities:    
Un-issued shares liability $ 27,687 $ 16,272
[1] As of March 31, 2026, the amount to be converted into shares of Preferred Stock is $1,360,606. This consist of $82,006 is to our Directors for their attendance at board and committee meetings during the fourth quarter and $1,278,600 to Dr. Platt as a performance grant in recognition of his role in executing the Company’s first commercial distribution agreement and advancing capital funding initiatives. On December 31, 2025 this amount was $82,006.
[2] On March 31, 2026, the Company has a $355,598 loan from an affiliated company with an interest rate of 8%. The accrued interest is currently $45,379. On December 31, 2025, the Company the loan was $395,668 and the accrued interest $52,459.