$LUDG

LUDWIG ENTERPRISES, INC.

CIK:0001960262|SEC Filings

Statements of Operations (Unaudited) - USD ($)	3 Months Ended
Statements of Operations (Unaudited) - USD ($)	Mar. 31, 2026	Mar. 31, 2025
Income Statement [Abstract]
Revenues
Operating expenses
General and administration expenses	555,679	450,687
Research and development	9,300	74,234
Total operating expenses	564,979	524,921
Net loss from operations	(564,979)	(524,921)
Other income (expense)
Interest income		2,000
Other income		2,333
Interest expense	(91,552)	(20,355)
Change in fair value of warrant liability	(25,000)
Change in fair value of derivative liability	46,585
Amortization of debt discount	(146,207)
Gain on equity securities exchange	825,000
Unrealized gain on marketable security	175,000
Total other income (expense)	783,826	(16,022)
Net income (loss) before taxes	218,847	(540,943)
Income tax benefit
Net income (loss)	$ 218,847	$ (540,943)
Basic income (loss) per common share (in Dollars per share)	$ 0	$ 0
Diluted income (loss) per common share (in Dollars per share)	$ 0	$ 0
Weighted average number of common shares outstanding, basic (in Shares)	163,591,383	161,182,240
Weighted average number of common shares outstanding, diluted (in Shares)	864,591,383	161,182,240

Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
Statements of Cash Flows (Unaudited) - USD ($)	Mar. 31, 2026	Mar. 31, 2025
Cash Flows from Operating Activities:
Net income (loss)	$ 218,847	$ (540,943)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Stock issued for services		166,372
Stock issued for settlement of claims	179,286
Reversal of previously recognized stock-based compensation	(38,622)
Interest income		(2,000)
Amortization of debt discount	146,207
Change in fair value of warrant liability	25,000
Change in fair value of derivative liability	(46,585)
Gain on equity securities exchange	(825,000)
Unrealized gain on marketable security	(175,000)
Changes in operating assets and liabilities:
Prepaid expenses	11,161	9,220
Accounts payable and accrued liabilities	352,047	277,789
Net Cash Used in Operating Activities	(152,659)	(89,562)
Cash Flows from Financing Activities:
Deferred offering cost	(9,883)	(52,767)
Proceeds from related party		52,159
Repayments to related party	(17,883)
Proceeds from convertible notes payable - net	200,000	100,000
Repayment the bank overdraft	(1,252)
Net Cash Provided by Financing Activities	170,982	99,392
Net change in cash	18,323	9,830
Cash, beginning of period		6,741
Cash, end of period	18,323	16,571
Supplemental cash flow information:
Cash paid for interest	12,768	5,000
Cash paid for taxes
Supplemental disclosure of non-cash financing activity:
Recognition of warrant liability	126,000
Exchange of 2,500,000 shares of LMMY common stock in exchange for MAJI preferred shares	$ 825,000

Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2026	Dec. 31, 2025
Current Assets
Cash	$ 18,323
Inventory	4,529	4,529
Prepaid expenses	3,720	14,881
Deferred offering cost	122,834	112,951
Note receivable	106,000	106,000
Total Current Assets	255,406	238,361
Other investment	1,000,000
Intangible assets, net of accumulated	9,166	9,166
Total Assets	1,264,572	247,527
Current Liabilities
Bank overdraft		1,252
Accounts payable and accrued liabilities	1,954,852	1,602,805
Notes payable	1,270,009	1,270,009
Convertible notes payable, net	1,391,620	1,171,413
Warrant liability	151,000
Derivative liability	488,874	535,459
Total Current Liabilities	5,293,267	4,635,733
Total Liabilities	5,293,267	4,635,733
Stockholders’ Deficit
Preferred stock: 7,000,000 authorized; $0.001 par value, 7,000,000 shares issued and outstanding	7,000	7,000
Common stock: 1,250,000,000 authorized; $0.001 par value, 167,166,897 and 162,569,807 shares issued and outstanding, respectively	167,165	162,568
Additional paid in capital	5,074,092	4,938,025
Accumulated deficit	(9,276,952)	(9,495,799)
Total Stockholders’ Deficit	(4,028,695)	(4,388,206)
Total Liabilities and Stockholders’ Deficit	1,264,572	247,527
Related Party
Current Liabilities
Due to related party	$ 36,912	$ 54,795