v3.26.1
Condensed Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash $ 1,271 $ 4,271
Inventory    
Prepaid expenses and other current assets 48,756 12,405
Total current assets 38,078,695 37,985,344
Total assets 38,078,695 37,985,344
Current liabilities    
Accounts payable 88,668 294,323
Accrued expenses 300,000 303,341
Short term loans payable 898,480 205,880
Promissory notes payable, less unamortized debt issuance costs of $42,425 and $135,983, respectively 37,276,706 37,388,940
Due to related party 179,174 142,874
Other current liabilities 23,640 24,185
Total current liabilities 40,543,284 39,607,927
Long-term liabilities    
Long term notes payable 100,000 100,000
Liability for condominium, less unamortized issuance costs of $191,416 and $735,082, respectively 1,128,584 584,918
Total long-term liabilities 1,228,584 684,918
Total liabilities 41,771,868 40,292,845
Commitments (Note 7)
Stockholders’ deficit    
Preferred stock, $0.0001 par value; Authorized 1,000,000 shares; 1,000 designated Series A Preferred, 1,000 issued and outstanding as of March 31, 2026 and December 31, 2025
Common stock, $0.0001 par value; Authorized 500,000,000 shares; 405,558,604 and 404,228,842 issued and 405,515,747 and 404,185,985 outstanding as of March 31, 2026 and December 31, 2025, respectively 40,552 40,419
Additional paid-in-capital 46,683,721 46,620,854
Accumulated deficit (50,178,586) (48,867,619)
Total Webstar stockholders’ deficit (3,454,313) (2,206,346)
Noncontrolling interest (238,860) (101,155)
Total stockholders’ deficit (3,693,173) (2,307,501)
Total liabilities and stockholders’ deficit 38,078,695 37,985,344
Project Development [Member]    
Inventory    
Inventory 3,370,470 3,310,470
Land and Land Acquisition [Member]    
Inventory    
Inventory 34,658,198 34,658,198
Related Party [Member]    
Current liabilities    
Accrued interest 155,358 135,358
Convertible note payable – related party 1,000,000 1,000,000
Nonrelated Party [Member]    
Current liabilities    
Accrued interest $ 621,258 $ 113,026