v3.26.1
Discontinued Operations (Tables)
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Discontinued Operations [Abstract]    
Schedule of Balance Sheet Discontinued Operation

The following table presents the major classes of assets and liabilities of the discontinued operations as of December 31, 2025:

 

Assets:    
Cash  $25,671 
Accounts receivable, net   1,530 
Prepaid expenses and other current assets   74,492 
Property and equipment, net   176,866 
Operating lease right-of-use asset, net   586,310 
Goodwill   7,818,805 
Intangible assets, net   7,457,961 
Deposits and other assets   48,615 
Total assets of discontinued operations  $16,190,250 
      
Liabilities:     
Accounts payable and accrued liabilities  $339,074 
Deferred revenue   166,517 
Notes payable, net of debt discount and issuance costs   419,056 
Operating lease payable   567,423 
Total liabilities of discontinued operations  $1,492,070 

The following tables present certain financial information related to our reportable segments and Corporate:

 

   As of December 31, 2025 
   Vocal   OG   Flyte   Creatd   Total 
Cash  $124,536   $5,772   $25,671   $91,434   $247,413 
Accounts receivable,Net   -    -    1,530    10,000    11,530 
Prepaid expenses and other current assets   93,731    -    74,492    167,190    335,413 
Deposits and other assets   -    -    48,615    -    48,615 
Intangible Assets, net   -    -    -    7,486,004    7,486,004 
Goodwill   -    -    -    7,818,805    7,818,805 
All other assets   -    -    763,176    1,430,991    2,194,167 
Total Assets  $218,267   $5,772   $913,484   $17,004,424   $18,141,947 
                          
Accounts payable and accrued liabilities  $399,864   $250   $339,074   $4,885,650   $5,624,838 
Note payable, net of debt discount and issuance costs   66,228    4,398    539,104    (69,544)   540,186 
Deferred revenue   118,862    -    166,517    -    285,379 
Convertible Notes, net of debt discount and issuance costs   -    -    -    383,374    383,374 
All other liabilities   -    -    567,423    1,668,038    2,235,461 
Total Liabilities  $584,954   $4,648   $1,612,118   $6,867,518   $9,069,238 
   As of December, 31 2024 
   Vocal   OG Collection   Air Mobility   Corporate   Total 
Cash  $5,152   $1,319   $           -   $9,019   $15,490 
Accounts receivable,Net   -    -    -    2,000    2,000 
Deposits and other assets   -    -    -    83,616    83,616 
Intangible assets, net   -    -    -    103,550    103,550 
Goodwill   -    -    -    5,415    5,415 
All other assets   -    -    -    2,052,278    2,052,278 
Total Assets  $5,152   $1,319   $-   $2,255,878   $2,262,349 
                          
Accounts payable and accrued liabilities  $507,374   $17,447   $-   $7,925,983   $8,450,804 
Note payable, net of debt discount and issuance costs   88,695    -    -    859,304    947,999 
Deferred revenue   146,950    -    -    -    146,950 
Convertible Notes, net of debt discount and issuance costs   -    -    -   $1,216,158    1,216,158 
All other Liabilities   -    -    -    1,798,758    1,798,758 
Total Liabilities  $743,019   $17,447   $-   $11,800,203   $12,560,669 
Schedule of Operating Lease

Operating right-of-use assets are summarized below.

 

   As of
March 31,
2026		   As of
March 9,
2026		   As of
December 31,
2025		 
Office and Plane Leases  $
—
   $752,101   $725,501 
Less accumulated amortization   
—
    (227,553)   (139,191)
Right-of-use asset, net  $
—
   $524,548   $586,310 

 

Operating lease liabilities are summarized below

 

   As of
March 31,
2026		   As of
March 9,
2026		   As of
December 31,
2025		 
Office and Plane Leases  $
—
   $507,910   $567,423 
Less: current portion   
—
    (337,667)   (331,137)
Long term portion  $
—
   $170,243   $236,286 
The components of the lease expense were as follows:
   Three Months
Ended
March 31,
2026		   Three Months
Ended
March 31,
2025		 
Operating lease cost  $67,077   $18,519 
Short term lease cost   
-
    
-
 
Total net lease cost  $67,077   $18,519 

Operating right-of-use assets are summarized below.

 

   As of
December 31,
2025		   As of
December 31,
2024		 
Office and Plane Leases  $725,501   $2,243,971 
Less accumulated amortization   (139,191)   (610,764)
Right-of-use asset, net  $586,310   $1,633,207 

 

Operating lease liabilities are summarized below

 

   Year Ended
December 31,
2025		   Year Ended
December 31,
2024		 
Office and Plane Leases  $567,423   $1,822,053 
Less: current portion   331,137    (547,439)
Long term portion  $236,286   $1,274,614 

The components of the lease expense were as follows: 

 

   Year Ended
December 31,
2025		   Year Ended
December 31,
2024		 
Operating lease cost  $162,862   $488,047 
Short term lease cost   108,800    - 
Total lease cost  $271,662   $488,047 

 

Supplemental cash flow and other information related to leases was as follows:

 

   Year Ended
December 31,
2025		   Year Ended
December 31,
2024		 
Cash paid for amounts included in the measurement of lease liabilities:        
Operating lease payments  $162,862   $323,292 
Weighted average remaining lease term (in years):   1.69    6.25 
Weighted average discount rate:   6.25%   12.50%
Schedule of Statement of Operation Discontinued Operation

The following table summarizes the major classes of line items included in loss from discontinued operations:

 

   Three months ended
March 31,		 
   2026   2025 
Net Revenue  $323,429   $136,131 
Cost of Revenue   (333,201)   (121,073)
Gross Margin   (9,772)   15,058 
General and Administrative   280,656    154,564 
Compensation   165,882    154,637 
Marketing   10,189    395 
Interest expense   
—
    6,654 
Loss from discontinued operations   (466,499)   (301,192)
Net loss on disposition of business   (912,840)   
—
 
Loss from discontinued operations  $(1,379,339)  $(301,192)
  
Schedule of Supplemental Cash Flow and Other Information

Supplemental cash flow and other information related to leases was as follows:

 

   Three Months
Ended
March 31,
2026		   Three Months
Ended
March 31,
2025		 
Cash paid for amounts included in the measurement of lease liabilities:        
Operating lease payments  $64,829   $7,289 
Weighted average remaining lease term (in years):   N/A    2.42 
Weighted average discount rate:   N/A    5.50%