Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash $ 517,189 $ 1,542,442
Accounts receivable 0 2,211
Prepaid expenses 505,734 90,789
Total current assets 1,022,923 1,635,442
OTHER ASSETS:    
Operating lease - right of use assets 300,731 0
Security deposit 7,680 7,680
Total other assets 308,411 7,680
TOTAL ASSETS 1,331,334 1,643,122
CURRENT LIABILITIES:    
Accounts payable 655,279 547,090
Accounts payable - related party 0 194,762
Customer deposits 28,793 0
Current portion of long-term operating lease liabilities 60,793 0
Current portion of notes payable 138,510 138,164
Short-term notes payable 439,378 0
Accrued interest 65,628 65,628
Accrued liabilities - employee bonus 1,224,320 1,096,178
Total current liabilities 2,612,701 2,041,822
LONG TERM LIABILITIES:    
Lease liabilities, net of current portion 254,454 0
Long-term note, net of current portion 81,458 116,197
Total long-term liabilities 335,912 116,197
TOTAL LIABILITIES 2,948,613 2,158,019
STOCKHOLDERS' EQUITY (DEFICIT):    
Common stock, $0.001 par value, 25,000,000 and 25,000,000 shares authorized as of March 31, 2025 and December 31, 2024; 3,791,093 and 3,621,335 issued and outstanding at March 31, 2025, and December 31, 2024, respectively 3,791 3,621
Additional paid-in capital 139,556,668 136,448,032
Accumulated deficit (141,177,738) (136,966,550)
Total stockholders' equity (deficit) (1,617,279) (514,897)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 1,331,334 $ 1,643,122