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

Consolidated Balance Sheets

v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current Assets    
Cash and Cash Equivalents $ 986,996 $ 173,154
Marketable Securities 14,801,267 8,345,082
Deposits and Other Receivables 18,200
Prepaid Expenses 774,095 893,730
Total Current Assets 16,580,558 9,411,966
Non-Current Assets    
Operating Lease Right-of-Use Assets 10,579
Intangible Assets 14,086,999
Goodwill 10,498,539 10,498,539
Investment in Oravax, Inc. 1,500,000
Total Non-Current Assets 24,585,538 12,009,118
Total Assets 41,166,096 21,421,084
Current Liabilities    
Trade and Other Payables 2,445,346 2,902,104
Due to MyMD Florida Shareholders 29,982 29,982
Operating Lease Liability 10,579
Derivative Liabilities 2,157,000 1,303,000
Dividends Payable 365,970 2,455,675
License Fee Payable 533,744
Total Current Liabilities 5,532,042 6,701,340
Non-Current Liabilities    
Contingent Consideration Payable 10,909,000
Total Non-Current Liabilities 10,909,000
Total Liabilities 16,441,042 6,701,340
Commitments and Contingencies – Note 8
Mezzanine Equity    
Total Mezzanine Equity 2,973,379 4,930,004
STOCKHOLDERS’ EQUITY    
Common Stock, par value $0.001, 1,250,000,000 shares authorized 7,690,403 and 33,636 shares issued and outstanding as of December 31, 2025 and December 31, 2024 184,502 3,364
Additional Paid in Capital 165,545,382 138,780,138
Accumulated Deficit (144,122,733) (129,138,286)
Total Stockholders’ Equity 21,751,675 9,789,740
Total Liabilities and Stockholders’ Equity 41,166,096 21,421,084
Series F Convertible Preferred Stock [Member]    
Mezzanine Equity    
Convertible preferred stock, value 4,930,004
Series F-1 Convertible Preferred Stock [Member]    
Mezzanine Equity    
Convertible preferred stock, value 4,744,101
Convertible preferred stock – discount (4,744,101)
Series G Convertible Preferred Stock [Member]    
Mezzanine Equity    
Convertible preferred stock, value 8,802,000 8,884,000
Convertible preferred stock – discount (6,938,000) (8,884,000)
Series H Convertible Preferred Stock [Member]    
Mezzanine Equity    
Convertible preferred stock, value 3,115,000
Convertible preferred stock – discount (168,621)
Convertible preferred stock – derivative (1,837,000)
Series I Convertible Preferred Stock [Member]    
Mezzanine Equity    
Convertible preferred stock, value
Series D Convertible Preferred Stock [Member]    
STOCKHOLDERS’ EQUITY    
Preferred stock, value $ 144,524 $ 144,524