XML 22 R3.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated Balance Sheets (Audited) - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash $ 15,777 $ 27,436
Accounts receivable, net 17,430 100,621
Prepaid expenses 162,766 18,075
Other receivables 829,215 599,575
Other current assets 25,444
Total Current Assets 1,050,632 745,707
Other Assets:    
Property and equipment, net 2,725,120 3,254,039
Intangible assets, net 3,724
Goodwill 8,139,889 8,139,889
Operating lease right-of-use assets 140,218
Other long-term assets 380,952 395,952
Total Other Assets 11,245,961 11,933,822
TOTAL ASSETS 12,296,593 12,679,529
Current Liabilities:    
Cash overdraft 27,019 31,750
Accounts payable 4,462,250 4,216,194
Accrued expenses 817,600 1,151,803
Merchant portfolio purchase installment obligation 2,000,000 2,000,000
Operating lease liability – current portion 46,491
Note payable – current portion 216,684 202,939
Total Current Liabilities 7,690,868 9,396,646
Long Term Liabilities:    
Operating lease liability – net of current portion 93,869
Total Liabilities 7,690,868 9,490,515
Commitments and contingencies (Note 14)
Stockholders’ Equity:    
Preferred stock, value
Common stock, $0.0001 par value, 50,000,000 shares authorized, 9,450,749 and 2,289,930 shares issued, 9,438,132 and 2,277,313 shares outstanding at December 31, 2025 and 2024, respectively 944 228
Treasury stock, at cost, 12,617 shares at December 31, 2025 and 2024 (109,988) (109,988)
Additional paid-in capital 79,163,627 71,098,571
Accumulated deficit (74,448,858) (67,799,807)
Total Stockholders’ Equity 4,605,725 3,189,014
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 12,296,593 12,679,529
Series A Preferred Stock    
Stockholders’ Equity:    
Preferred stock, value 10
Related Party    
Current Liabilities:    
Preferred dividend payable (related party) 543,509
Related party payable $ 167,315 $ 1,203,960