$POSC

POSITRON CORP

CIK:0000844985|SEC Filings

Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
Statements of Operations (Unaudited) - USD ($)	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Sales	$ 111,822	$ 120,118	$ 222,822	$ 239,452
Cost of sales	376,732	402,433	1,014,550	779,465
Gross loss	(264,910)	(282,315)	(791,728)	(540,013)
General and administrative expenses	539,004	887,675	1,377,142	2,107,474
Loss from operations	(803,914)	(1,169,990)	(2,168,870)	(2,647,487)
Other income (expense)
Interest expense	(21,815)	(29,918)	(45,164)	(64,844)
Interest income	4,329	9,166	14,865	9,208
Total other income (expense) - net	(17,486)	(20,752)	(30,299)	(55,636)
Net loss	$ (821,400)	$ (1,190,742)	$ (2,199,169)	$ (2,703,123)

Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
Statements of Cash Flows (Unaudited) - USD ($)	Jun. 30, 2026	Jun. 30, 2025
Operating activities
Net loss	$ (2,199,169)	$ (2,703,123)
Adjustments to reconcile net loss to net cash used in operations
Amortization of operating lease - right-of-use asset	19,604	8,066
Depreciation expense	19,202	9,300
Stock issued for services	94,500	177,000
Imputed interest expense on debt - related parties		2,936
Changes in operating assets and liabilities
Accounts Receivable	(9,228)	8,334
Prepaids	78,373	(8,108)
Deposits
Increase (decrease) in
Accounts payable and accrued expenses	37,887	28,915
Accounts payable and accrued expenses - related party	45,164	106,907
Deferred revenue	90,000	53,670
Operating lease liability	(14,626)	(8,063)
Net cash used in operating activities	(1,838,293)	(2,324,166)
Financing activities
Proceeds from stock issued for cash		8,000,000
Cash paid to repurchase and retire common stock		(2,500,000)
Proceeds from issuance of note payable - related party		100,000
Repayments on notes payable - related party	(325,000)	(350,000)
Net cash provided by (used in) financing activities	(325,000)	5,250,000
Net increase (decrease) in cash and cash equivalents	(2,163,293)	2,925,834
Cash and cash equivalents - beginning of period	2,520,466	69,791
Cash and cash equivalents - end of period	357,173	2,995,625
Supplemental disclosure of cash flow information
Cash paid for interest
Cash paid for income tax
Supplemental disclosure of non-cash investing and financing activities
Forgiveness of accrued interest payable - related party		$ 41,414

Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current Assets
Cash and cash equivalents	$ 357,173	$ 2,520,466
Accounts receivable	17,561	8,333
Inventory	680,000	680,000
Prepaids and other	52,014	130,387
Total Current Assets	1,106,748	3,339,186
Property and equipment - net	86,550	105,752
Operating lease - right-of-use asset	160,107	179,711
Deposits	375,000	375,000
Total Assets	1,728,405	3,999,649
Current Liabilities
Accounts payable and accrued expenses	119,399	81,512
Accounts payable and accrued expenses - related party	452,181	407,017
Deferred revenue	210,000	120,000
Note payable - related party	875,000	1,200,000
Operating lease liability	32,778	30,612
Convertible advance payable	563,000	563,000
Total Current Liabilities	2,252,358	2,402,141
Long Term Liabilities
Operating lease liability	136,894	153,686
Total Long Term Liabilities	136,894	153,686
Total Liabilities	2,389,252	2,555,827
Commitments and Contingencies (Note 6)
Stockholders’ Equity (Deficit)
Preferred stock - $0.0001 par value; 10,000,000 authorized
Common stock - $0.0001 par value, 100,000,000 shares authorized 32,846,326 and 32,799,451 shares issued and outstanding, respectively	3,285	3,280
Additional paid-in capital	146,472,491	146,377,996
Accumulated deficit	(147,136,248)	(144,937,079)
Less: treasury stock at cost - 750 and 750 shares, respectively	(375)	(375)
Total Stockholders’ Equity (Deficit)	(660,847)	1,443,822
Total Liabilities and Stockholders’ Equity (Deficit)	$ 1,728,405	$ 3,999,649