v3.26.1
Consolidated Balance Sheets (unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash $ 205,035 $ 269,830
Prepaid expenses 337,707 63,082
VAT Receivable 3,097,825
Total Current Assets 3,640,567 332,912
Long-Term Assets    
Fixed assets (net) 1,100 2,490
Patent (net of amortization) 6,255,646 6,504,132
Total-Long Term Assets 6,256,746 6,506,622
TOTAL ASSETS 9,897,313 6,839,534
Current Liabilities    
Accounts payable and accrued expenses 20,247,881 11,351,389
Accrued payroll and payroll taxes – related party 14,740 36,792
Accrued payroll and payroll taxes 3,622 1,279
Preferred dividends payable 375,000 375,000
Total Current Liabilities 20,641,243 11,764,460
Long-Term Liabilities    
TEDCO grant 100,000 100,000
Total Long-Term Liabilities 100,000 100,000
Total Liabilities 20,741,243 11,864,460
Commitments and contingencies (See Note 6)
MEZZANINE EQUITY:    
Series A Convertible Preferred Stock, par value $0.001, 2,500,000 shares authorized; 392,500 and 392,500 issued and outstanding, respectively 1,070,705 1,070,705
Total Mezzanine Equity 1,070,705 1,070,705
STOCKHOLDERS’ DEFICIT    
Common stock, par value $0.001, 150,000,000 shares authorized; 45,283,071 and 37,113,082 issued and outstanding, respectively 45,283 37,113
Preferred stock, par value $0.001, 5,000,000 shares authorized; 0 and 0 shares outstanding, respectively
Additional paid-in capital 74,255,518 61,053,475
Accumulated deficit (86,215,436) (67,186,219)
Total Stockholders’ Deficit (11,914,635) (6,095,631)
TOTAL LIABILITIES, MEZZANINE EQUITY AND STOCKHOLDERS’ DEFICIT $ 9,897,313 $ 6,839,534

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