Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Unaudited)

v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and Cash Equivalents $ 307,612 $ 986,996
Marketable Securities 10,679,782 14,801,267
Other Receivables 16,800 18,200
Prepaid Expenses 736,924 774,095
Total Current Assets 11,741,118 16,580,558
Non-Current Assets    
Property, Plant and Equipment, net 140,868
Operating Lease Right-of-Use Asset, net 371,541
Technology License 14,086,999
Goodwill 10,498,539 10,498,539
Other Assets 113,688
Total Non-Current Assets 11,124,636 24,585,538
Total Assets 22,865,754 41,166,096
Current Liabilities    
Trade and Other Payables 1,337,625 2,445,346
Due to MyMD FL Shareholders 29,982 29,982
Operating Lease Liability 145,163
Dividends Payable 451,682 365,970
License Fees Payable 35,018 533,744
Derivative Liability 1,566,000 2,157,000
Total Current Liabilities 3,565,470 5,532,042
Non-Current Liabilities    
Contingent Consideration Payable, net of current 10,909,000
Operating Lease Liability, net of current 226,008
Total Non-Current Liabilities 226,008 10,909,000
Total Liabilities 3,791,478 16,441,042
Commitments and Contingencies
Mezzanine Equity    
Total Mezzanine Equity 2,983,379 2,973,379
STOCKHOLDERS’ EQUITY    
Common Stock, par value $0.001, 1,250,000,000 shares authorized, 8,189,838 and 7,690,403 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively. 8,190 7,690
Additional Paid in Capital 168,128,886 165,722,193
Accumulated Deficit (152,190,703) (144,122,732)
Total Stockholders’ Equity 16,090,897 21,751,675
Total Liabilities and Stockholders’ Equity 22,865,754 41,166,096
Series G Convertible Preferred Stock [Member]    
Mezzanine Equity    
Convertible Preferred Stock, value 8,812,000 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)
Series H Convertible Preferred Stock – Derivative (1,837,000) (1,837,000)
Series D Convertible Preferred Stock [Member]    
STOCKHOLDERS’ EQUITY    
Preferred stock, value $ 144,524 $ 144,524