Quarterly report [Sections 13 or 15(d)]

Consolidated Balance Sheets (Unaudited)

v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash $ 27,349,756 $ 43,175,996
Prepaid and other current assets 4,137,358 4,979,378
Total current assets 33,158,024 50,688,590
Property and equipment, net 17,260,377 14,184,379
Operating lease right-of-use assets 635,143 702,856
Intangible asset 398,135 398,135
Other assets 141,366 116,751
Total Assets 51,593,045 66,090,711
Current liabilities    
Accounts payable and other current liabilities 3,352,995 5,472,464
Asset-based loan liability 8,212,186
Operating lease liability 280,324 273,545
Total current liabilities 3,873,150 15,020,739
Operating lease liability - non-current 362,510 434,695
Total Liabilities 4,235,660 15,455,434
Commitments and contingencies
Stockholders’ Equity    
Additional paid-in capital 142,389,868 140,456,263
Accumulated deficit (95,039,135) (89,827,528)
Total Stockholders’ Equity 47,357,385 50,635,277
Total Liabilities and Stockholders’ Equity 51,593,045 66,090,711
Series A Preferred Stock [Member]    
Stockholders’ Equity    
Series A convertible preferred stock: 2,000 shares authorized; 0 shares issued and outstanding
Common Class A [Member]    
Stockholders’ Equity    
Common stock, value 6,642 6,532
Common Class B [Member]    
Stockholders’ Equity    
Common stock, value 10 10
Nonrelated Party [Member]    
Current assets    
Accounts receivable - related parties 215,916 272,831
Contract asset - related party 81,241 322,773
Current liabilities    
Contract liability - related party 161,299 186,537
Related Party [Member]    
Current assets    
Accounts receivable - related parties 1,254,447 1,727,939
Contract asset - related party 119,306 209,673
Current liabilities    
Accounts payable and accrued interest - related party 50,240 876,007
Contract liability - related party $ 28,292