Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Unaudited)

v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current Assets    
Cash and Cash Equivalents $ 1,127,619 $ 986,996
Marketable Securities 11,847,305 14,801,267
Other Receivables 16,800 18,200
Prepaid Expenses 714,121 774,095
Total Current Assets 13,705,845 16,580,558
Non-Current Assets    
Technology License 14,086,999 14,086,999
Goodwill 10,498,539 10,498,539
Total Non-Current Assets 24,585,538 24,585,538
Total Assets 38,291,383 41,166,096
Current Liabilities    
Trade and Other Payables 1,383,001 2,445,346
Due to MyMD FL Shareholders 29,982 29,982
Dividends Payable 594,397 365,970
License Fees Payable 35,018 533,744
Derivative Liability 1,647,000 2,157,000
Total Current Liabilities 3,689,398 5,532,042
Non-Current Liabilities    
Contingent Consideration Payable 10,909,000 10,909,000
Total Non-Current Liabilities 10,909,000 10,909,000
Total Liabilities 14,598,398 16,441,042
Commitments and Contingencies
Mezzanine Equity    
Total Mezzanine Equity 2,973,379 2,973,379
STOCKHOLDERS’ EQUITY    
Common Stock, par value $0.001, 1,250,000,000 shares authorized, 7,853,429 and 7,690,403 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 7,846 7,690
Additional Paid in Capital 166,218,419 165,722,193
Accumulated Deficit (145,651,183) (144,122,732)
Total Stockholders’ Equity 20,719,606 21,751,675
Total Liabilities and Stockholders’ Equity 38,291,383 41,166,096
Series G Convertible Preferred Stock [Member]    
Mezzanine Equity    
Convertible preferred stock, value 8,802,000 8,802,000
Convertible Preferred Stock – Discount (6,938,000) (6,938,000)
Series H Convertible Preferred Stock [Member]    
Mezzanine Equity    
Convertible preferred stock, value 3,115,000 3,115,000
Convertible Preferred Stock – Discount (168,621) (168,621)
Convertible Preferred Stock – Derivative (1,837,000) (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