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
Cash flows from operating activities:    
Net loss $ (4,444,109) $ (1,136,225)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of debt discount 2,601,165 49,660
Depreciation 404
Loss on shares issued for legal settlement 78,104
Gain on forgiveness of accounts payable (143,588) (227,402)
Warrant modification expense 565,277
Stock based compensation 61,204
Common stock issued for settlement of payables 271,831
Common stock issued for legal settlements 74,053
Credit loss expense 35,200 25,500
Changes in operating assets and liabilities:    
Accounts receivable 24,166 (93,403)
Prepaid expenses and other assets (41,619) 15,525
Accounts payable and accrued liabilities (84,481) (39,331)
Deferred revenue (195,333) (24,500)
Net cash used in operating activities (1,543,610) (1,084,292)
Cash flows from investing activities:    
Additions to intangible assets (20,019)
Purchase of fixed assets (10,624)
Net cash used in investing activities: (30,643)
Cash flows from financing activities:    
Proceeds from the sale of common stock, net 168,000
Proceeds from loans payable, net 1,385,000 994,500
Payments on loans payable (27,369) (62,990)
Proceeds from the exercise of warrants, net of costs 1,822,029
Payments on shareholder advance (67,622)
Proceeds from accounts payable and accrued liabilities - related party 128,479
Payments on accounts payable and accrued liabilities - related party (128,479)
Net cash provided by financing activities 3,112,038 1,099,510
Net increase in cash 1,537,785 15,218
Cash, beginning of period 106,654 91,436
Cash, end of period 1,644,439 106,654
Supplemental disclosures of cash flow information:    
Cash paid for interest 73 30,591
Cash paid for income taxes
Non-cash investing and financing activities:    
Shares issued for vested restricted stock units 2
Shares issued for conversion of convertible loans and interest 2,911,479
Shares issued for accrued legal settlement 283,906 285,294
Warrants issued in conjunction with convertible loans 1,385,000 973,200
Warrants issued in conjunction with inducement agreement $ 565,277