| Balance Sheets | 2026-06-30 | 2026-03-31 | 2025-12-31 | |
|---|---|---|---|---|
| Cash | 4,950,962 | 5,755,972 | 2,190,722 | |
| Accounts receivable, net | 2,212,582 | 2,634,041 | 1,592,653 | |
| Inventory, net | 7,146,535 | 3,585,165 | 3,350,889 | |
| Prepaid expenses and deposits | 1,545,020 | 1,259,806 | 505,438 | |
| Deferred costs and other current assets | 512,656 | 504,551 | 508,987 | |
| Total current assets | 16,367,755 | 13,739,535 | 8,148,689 | |
| Property and equipment, net | 25,554,412 | 24,980,042 | 25,041,313 | |
| Right of use assets, net | 1,689,020 | 1,632,991 | 1,678,072 | |
| Goodwill | 6,053,307 | - | - | |
| Intangible assets, net | 2,335,747 | 1,084,859 | 1,122,199 | |
| Assets held for sale | 400,000 | 400,000 | 400,000 | |
| Other assets | 12,605 | 12,605 | 12,605 | |
| Total assets | 52,412,846 | 41,850,032 | 36,402,878 | |
| Accounts payable and other accrued liabilities | 4,322,541 | 5,210,220 | 4,768,534 | |
| Related party payables | 1,129,641 | 1,423,902 | 1,916,770 | |
| Current portion of notes payable | 1,956,438 | 864,557 | 1,001,395 | |
| Current portion of related party consideration payable | - | 105,000 | 340,000 | |
| Lease liabilities, short term | 277,229 | 167,154 | 160,285 | |
| Taxes payable | 6,177 | 80,411 | 161,770 | |
| Total current liabilities | 7,692,026 | 7,851,244 | 8,348,754 | |
| Lease liabilities, net of current portion | 1,559,963 | 1,610,589 | 1,659,120 | |
| Notes payable, net of current | 8,628,069 | 9,665,249 | 9,783,361 | |
| Derivative liabilities, long term | 12,531,203 | 11,514,895 | 8,893,600 | |
| Uncertain tax positions | 22,767,064 | 16,190,724 | 15,219,548 | |
| Deferred tax liability | 1,274,077 | 766,796 | 766,796 | |
| Total liabilities | 54,452,402 | 47,599,497 | 44,671,179 | |
| Series a-1 preferred stock no par value unlimited shares authorized 10,726,579 and 0 shares issued and outstanding as of march 31, 2026 and december 31, 2025, respectively | - | 2,089,483 | - | |
| Series a-1 preferred stock no par value unlimited shares authorized 11,204,376 and 0 shares issued and outstanding as of june 30, 2026 and december 31, 2025, respectively | 2,212,475 | - | - | |
| Additional paid-in capital | 137,360,450 | 132,301,294 | 131,445,688 | |
| Accumulated other comprehensive loss | -336,879 | -336,879 | -336,879 | |
| Accumulated deficit | -141,275,602 | -139,803,363 | -139,377,110 | |
| Total stockholders deficit | -2,039,556 | -5,749,465 | -8,268,301 | |
| Total stockholders deficit | - | -5,749,465 | -8,268,301 | |
| Total liabilities and stockholders deficit | 52,412,846 | 41,850,032 | 36,402,878 | |
Leef Brands Inc. (LEEEF)
Leef Brands Inc. (LEEEF)