Quarterly report [Sections 13 or 15(d)]

Summary of Significant Accounting Policies (Tables)

v3.25.3
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2025
Accounting Policies [Abstract]  
Schedule of Fair Value of Assets on Recurring Basis

The following table presents certain assets of the Company’s measured and recorded at fair value on the Company’s balance sheet on a recurring basis and their level within the fair value hierarchy as of September 30, 2025.

 

    Total     (Level 1)     (Level 2)     (Level 3)  
Assets                                
Fair-value – equity securities   $ 48,628     $ 48,628     $ -     $ -  
Total Assets measured at fair value   $ 48,628     $ 48,628     $ -     $ -  
Liabilities                                
Derivative liability   $ 3,297,695     $ -     $ -     $ 3,297,695  
Total Liabilities measured at fair value   $ 3,297,695     $ -     $ -     $ 3,297,695  

 

The following table presents certain assets of the Company’s measured and recorded at fair value on the Company’s balance sheet on a recurring basis and their level within the fair value hierarchy as of December 31, 2024.

 

    Total     (Level 1)     (Level 2)     (Level 3)  
Fair-value – equity securities   $ 82,376     $ 82,376     $ -     $ -  
Total Assets measured at fair value   $ 82,376     $ 82,376     $ -     $ -  
Schedule of Business Segment

 

    September 30, 2025     September 30, 2024  
             
Revenue   $ -     $ -  
                 
Reconciliation of revenue:                
Less: Cost of goods sold     -       -  
Segment gross profit   $ -     $ -  
                 
Less:                
Salaries and wages     279,114       138,659  
Professional fees     75,691       56,838  
Other segment items(1)     14,427       11,779  
Segment net loss   $ (369,232 )   $ (207,276 )
                 
Reconciliation of loss:                
Other income (expense), net     (3,377,980 )     (203,204 )
Loss before income taxes   $ (3,747,211 )   $ (410,480 )

 

(1) Other segment items comprising segment net loss include advertising and promotion, stock related expenses, and certain general and administrative expenses.
Schedule of Property and Equipment

Property and equipment as of September 30, 2025, and December 31, 2024 consisted of the following:

 

    September 30, 2025     December 31, 2024  
    (unaudited)        
Website   $ -     $ -  
Computer equipment & Software     5,358       5,358  
Furniture     802       802  
Total     6,160       6,160  
Less Accumulated Depreciation     (6,160 )     (6,160 )
Property and Equipment, net   $ -     $ -