Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Statements of Cash Flows

v3.26.1
Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Operating Activities    
Net Loss $ (31,768,325) $ (528,223)
Adjustments to reconcile net loss to net cash used in operations    
Stock-based compensation (non-cash) 12,700,399
Unrealized loss on marketable securities 43,845 25,536
Amortization of debt discount 8,504
Gain on settlement of accounts payable (127,579)
Loss on settlement of debt (non-cash) 16,595,746
Loss (gain) on remeasurement of derivative (1,480,990)
Loss (gain) on derivative 3,425,796
Changes in operating assets and liabilities    
Accounts payable and accrued expenses 354,084 337,073
Net cash used in operating activities (257,024) (157,110)
Investing Activities    
Net cash provided by investing activities
Financing Activities    
Proceeds from short-term advances - related parties 84,800 57,500
Proceeds from note – related parties 518,000
Net cash provided by financing activities 602,800 57,500
Net change in cash 345,776 (99,610)
Cash and cash equivalents - beginning of period 13,199 112,809
Cash and cash equivalents - end of period 358,975 13,199
Supplemental disclosure of non-cash activities    
Conversion of debt to equity (principal + accrued interest) 4,167,005
Cash paid for interest
Cash paid for income tax