Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash $ 1,072,416 $ 106,654
Accounts receivable, net 175,233 372,716
Prepaid expenses and other assets 66,825 24,008
Total current assets 1,314,474 503,378
Goodwill 5,842,433 5,842,433
Total assets 7,156,907 6,345,811
Current liabilities:    
Accounts payable and accrued liabilities 941,499 1,237,637
Accounts payable and accrued liabilities - related party 149,838 149,838
Shareholder advance 67,622 67,622
Deferred revenue 332,833 354,083
Convertible loans payable, net of discounts – current portion 51,334
Loans payable 12,752 27,369
Total current liabilities 1,555,878 1,836,549
Long-term liabilities:    
Convertible loans payable, net of discounts 7,037 19,660
Total long-term liabilities 7,037 19,660
Total liabilities 1,562,915 1,856,209
Commitments and contingencies (Note 6)
Stockholders’ equity:    
Series A Convertible Preferred stock, $0.001 par value; 900,000 shares authorized; 39,810 shares issued and outstanding at March 31, 2025 and December 31, 2024 40 40
Common stock, $0.001 par value; 45,000,000 shares authorized; 2,105,755 and 1,859,525 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 2,105 1,859
Additional paid-in capital 37,044,216 35,463,769
Accumulated deficit (31,452,369) (30,976,066)
Total stockholders’ equity 5,593,992 4,489,602
Total liabilities and stockholders’ equity $ 7,156,907 $ 6,345,811