Commitments and contingencies |
9 Months Ended |
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Sep. 30, 2026 | |
| Commitments and Contingencies Disclosure [Abstract] | |
| Commitments and contingencies |
Note 16 – Commitments and contingencies
As of September 30, 2026, and 2025, the Company had certain commitments and contingencies related to collections. Chief among these are legal expenses and costs that may be associated with opportunistic collections, such as the collection of a $180,000 receivable that the Company was pursuing in the Superior Court of California, County of Fresno, in an interpleader action. On September 1, 2026, the Company was awarded by order of the Court $175,361 of the $180,000 held by the Court plus $3,664 interest by the Superior Court of California, County of Fresno. Management estimated that the ratio of committed estimated legal fees to expected recovery to be about ten percent. Such an amount was not expected to be material enough to report. As of September 30, 2026, the Company has spent approximately 5.60% of the award on legal fees in the interpleader action. The Company is also monitoring the potential of its collection on a $2,539,597 judgment plus $818,933 interest from the G Farma Settlors. Management’s approach toward collection from the G Farma Settlors is similar, though of larger magnitude, but with a smaller probability. Due to the uncertainty of collection, the receivable is fully impaired, and the judgment is fully reserved. See Notes 3, 4, and 7.
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