v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Assets    
Cash $ 288,412 $ 213,175
Accounts receivable, net allowance of $1,801,299 and $1,568,030, respectively 3,467,396 2,902,173
Other receivables 226,062 226,062
Due from related parties, current portion 181,163 60,479
Prepaid expenses and other current assets 325,883 325,883
Total current assets 4,488,916 3,727,772
Property and equipment, net 8,589,690 8,412,922
Right of use assets - operating 11,456,797 9,449,375
Right of use assets - financing 11,195,314 11,356,858
Investment - related party 58,851 46,240
Maintenance reserves 2,988,566 3,058,945
Total assets 38,778,134 36,052,112
Liabilities and Stockholder's Equity (Deficit)    
Accounts payable and accrued expenses 6,356,275 4,838,507
Deferred revenue 296,776 733,785
Due to related parties 3,871,977 2,701,004
Right of use liabilities - operating 2,431,222 1,974,051
Right of use liabilities - financing 1,872,283 1,895,018
Long-term debt, current portion 3,849,230 4,036,728
Long-term debt, related parties, current portion 154,127 154,127
Total current liabilities 18,831,890 16,333,220
Right of use liabilities - operating, net of current portion 8,944,330 7,475,324
Right of use liabilities - financing, net of current portion 7,857,496 7,943,661
Long-term debt, net of current portion 0 0
Long-term debt, related parties, net of current portion 331,593 331,593
Total liabilities 35,965,309 32,083,798
Commitments and contingencies (Note 8)
Stockholders' Equity    
Series A Preferred stock: par value $0.001; 155,000 shares authorized; 145,410 issued and outstanding at March 31, 2026 and December 31, 2025 9,351,465 9,351,465
Common stock: par value $0.001; 5,000,000,000 shares authorized; 280,848,293 and 280,848,293 issued and outstanding, respectively 280,848 280,848
Additional paid-in capital 82,417 81,500
Accumulated deficit (6,901,905) (5,745,499)
Stockholders' equity 2,812,825 3,968,314
Total liabilities and total stockholders' equity $ 38,778,134 $ 36,052,112