Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Unaudited)

v3.25.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash $ 12,734,087 $ 15,703,579
Inventory 188,310 255,716
Prepaid and other current assets 4,849,338 3,429,656
Total current assets 21,133,582 22,252,552
Property and equipment, net 17,456,972 14,891,976
Operating lease right-of-use assets 769,515 121,545
Intangible asset 398,135 398,135
Other assets 92,443 81,359
Total Assets 39,850,647 37,745,567
Current liabilities    
Accounts payable and other current liabilities 4,835,108 3,388,667
Asset-based loan liability 9,124,612 6,902,636
Notes payable 3,059,767
Operating lease liability 266,879 121,544
Total current liabilities 15,363,768 14,209,502
Operating lease liability - non-current 505,718
Total Liabilities 15,869,486 14,209,502
Commitments and contingencies
Stockholders’ Equity    
Additional paid-in capital 102,404,156 83,887,682
Accumulated deficit (78,426,520) (60,353,224)
Total Stockholders’ Equity 23,981,161 23,536,065
Total Liabilities and Stockholders’ Equity 39,850,647 37,745,567
Series A Preferred Stock [Member]    
Stockholders’ Equity    
Preferred stock, value
Common Class A [Member]    
Stockholders’ Equity    
Common stock, value 3,515 1,597
Common Class B [Member]    
Stockholders’ Equity    
Common stock, value 10 10
Nonrelated Party [Member]    
Current assets    
Accounts receivable 825,607 827,886
Contract asset 684,749 1,347,386
Current liabilities    
Contract liability 16,192
Related Party [Member]    
Current assets    
Accounts receivable 1,402,774 641,376
Contract asset 448,717 46,953
Current liabilities    
Accounts payable - related party 869,789 673,743
Contract liability $ 267,380 $ 46,953