Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash $ 43,175,996 $ 15,703,579
Prepaid and other current assets 4,979,378 3,429,656
Total current assets 50,688,590 22,252,552
Property and equipment, net 14,184,379 14,891,976
Operating lease right-of-use assets 702,856 121,545
Intangible asset 398,135 398,135
Other assets 116,751 81,359
Total Assets 66,090,711 37,745,567
Current liabilities    
Accounts payable and other current liabilities 5,472,464 3,481,167
Asset-based loan liability 8,212,186 6,902,636
Notes payable 3,059,767
Operating lease liability 273,545 121,544
Total current liabilities 15,020,739 14,209,502
Operating lease liability - non-current 434,695
Total Liabilities 15,455,434 14,209,502
Commitments and contingencies
Stockholders’ Equity    
Additional paid-in capital 140,456,263 83,887,682
Accumulated deficit (89,827,528) (60,353,224)
Total Stockholders’ Equity 50,635,277 23,536,065
Total Liabilities and Stockholders’ Equity 66,090,711 37,745,567
Series A Preferred Stock [Member]    
Stockholders’ Equity    
Preferred stock, value
Common Class A [Member]    
Stockholders’ Equity    
Common stock, value 6,532 1,597
Common Class B [Member]    
Stockholders’ Equity    
Common stock, value 10 10
Nonrelated Party [Member]    
Current assets    
Accounts receivable 272,831 827,886
Contract asset 322,773 1,603,102
Current liabilities    
Contract liability 186,537 16,192
Related Party [Member]    
Current assets    
Accounts receivable 1,727,939 641,376
Contract asset 209,673 46,953
Current liabilities    
Accounts payable and accrued interest - related party 876,007 581,243
Contract liability $ 46,953