For the quarter ending 2026-03-31, MEHA has $7,213,952 in assets. $11,724,716 in debts.
| Balance Sheets | 2026-03-31 | 2025-09-30 | ||
|---|---|---|---|---|
| Cash | 1,077,967 | 1,005,324 | ||
| Accounts receivable, net | 372,712 | 89,213 | ||
| Inventories, net | 1,591,548 | 1,690,733 | ||
| Prepaid expenses and other current assets | 355,096 | 169,070 | ||
| Deferred offering costs | - | 1,256,451 | ||
| Total current assets | 3,397,323 | 4,210,791 | ||
| Total property and equipment, gross | - | 773,310 | ||
| Less accumulated depreciation | - | 731,224 | ||
| Property and equipment, net | 32,797 | 42,086 | ||
| Right-of-use assets, net | 1,579,814 | 1,753,581 | ||
| Total intangible assets, gross | 1,697,000 | - | ||
| Less accumulated amortization customer relationships | 311,121 | - | ||
| Intangible assets, net | 1,385,879 | 1,408,944 | ||
| Goodwill | 818,139 | 818,139 | ||
| Total non-current assets | 3,816,629 | 4,022,750 | ||
| Total assets | 7,213,952 | 8,233,541 | ||
| Accounts payable and accrued liabilities | 1,645,659 | 2,425,006 | ||
| Line of credit | - | 21,286 | ||
| Sba loan, current | 3,614 | 3,547 | ||
| Lease liabilities, current | 375,479 | 364,505 | ||
| Other current liabilities | 30,678 | 34,425 | ||
| Payable for acquisition, current | - | 2,227,366 | ||
| Liability with conditional timing | 450,000 | - | ||
| Loans payable (related party), current | 64,527 | 58,886 | ||
| Loans payable | 267,883 | 567,497 | ||
| Total current liabilities | 2,837,840 | 5,702,518 | ||
| Lease liabilities, net of current | 1,340,313 | 1,527,586 | ||
| Sba loan, net of current | 135,957 | 137,780 | ||
| Convertible note | 837,800 | - | ||
| Derivative liabilities, noncurrent | 313,392 | - | ||
| Preferred shares liabilities | 6,032,160 | - | ||
| Loan payable (related party), net of current | 227,254 | 260,992 | ||
| Total non-current liabilities | 8,886,876 | 1,926,358 | ||
| Total liabilities | 11,724,716 | 7,628,876 | ||
| Preferred stock, value | 2 | - | ||
| Common stock, 0.00001 par value, 220,000,000 shares authorized, 26,544,857 and 18,704,649 shares issued and outstanding, and 5,190,171 and 0 shares to be issued respectively | 267 | 71 | ||
| Additional paid-in capital | 9,538,131 | 8,359,361 | ||
| Accumulated deficit | -14,049,164 | -7,754,767 | ||
| Total stockholders equity / (deficit) | -4,510,764 | 604,665 | ||
| Total liabilities and stockholders equity / (deficit) | 7,213,952 | 8,233,541 | ||
Functional Brands Inc. (MEHA)
Functional Brands Inc. (MEHA)