Note 2 - Going Concern |
3 Months Ended |
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Mar. 31, 2026 | |
| Notes to Financial Statements | |
| Substantial Doubt about Going Concern [Text Block] |
NOTE 2: GOING CONCERN
As of March 31, 2026, the Company had an accumulated deficit of $113,619 and negative cash flow from operating activities for the three months ended March 31, 2026, of $1,948. Further, the Company has recurring losses with insufficient revenue from operations and expects to continue generating losses and using cash for operations. The Company's cash requirements have been met through the sales of common stock, issuance of debt and warrant exercises. These conditions raise substantial doubt about the Company's ability to continue as a going concern. Therefore, the Company may be unable to realize its assets and discharge its liabilities in the normal course of business.
Management of the Company has a reasonable expectation that the Company can continue raising additional capital to continue in operational existence for the foreseeable future. During the three months ended March 31, 2026, the Company raised $2,386 in gross proceeds through the initial closing of a private placement of units and the exercise of warrants (see Note 13 - Equity). Subsequent to March 31, 2026, the Company raised an additional $8,000 in gross proceeds through an additional closing of the same private placement and, on May 6, 2026, entered into a new securities purchase agreement for aggregate gross proceeds of up to $1,000, in each case as described in Note 17 - Subsequent Events. The Company's ability to raise additional funds will depend on, among other factors, financial, economic and market conditions, many of which are outside of our control and there can be no assurance that the Company will be able to obtain additional funding on satisfactory terms or at all.
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