Quarterly report [Sections 13 or 15(d)]

SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.25.2
SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2025
SIGNIFICANT ACCOUNTING POLICIES  
Schedule of net sales

 

 

Three Months Ended

June 30,

 

 

 

2025

 

 

2024

 

Sales/access fees

 

$ 1,790

 

 

$ -

 

Distribution rights income

 

 

-

 

 

 

4,045

 

Supply and distribution sales

 

 

176,448

 

 

 

-

 

Net sales

 

$ 178,238

 

 

$ 4,045

 

 

 

Six Months Ended

June 30,

 

 

 

2025

 

 

2024

 

Sales/access fees

 

$ 1,790

 

 

$ 2,205

 

Distribution rights income

 

 

-

 

 

 

4,045

 

Membership/program fees

 

 

-

 

 

 

1,415

 

Supply and distribution sales

 

 

311,347

 

 

 

-

 

Net sales

 

$ 313,137

 

 

$ 7,665

 

Schedule of Inventory

 

 

June 30,

 

 

December 31,

 

 

 

2025

 

 

2024

 

Raw materials

 

$ -

 

 

$ -

 

Work-in-progress

 

 

-

 

 

 

-

 

Finished goods

 

 

133,597

 

 

 

-

 

 

 

$ 133,597

 

 

$ -

 

Schedule of antidilutive securities

 

 

Six Months Ended

 

 

 

June 30,

 

 

 

2025

 

 

2024

 

Shares underlying options outstanding

 

 

1,530,557

 

 

 

995,187

 

Shares underlying warrants outstanding

 

 

1,532,001

 

 

 

1,765,856

 

Convertible preferred stock outstanding

 

 

240,000

 

 

 

240,000

 

 

 

 

3,302,558

 

 

 

3,001,043