v3.25.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash $ 912,574 $ 1,271,824
Prepaid expenses and other current assets 606,331 426,497
Deferred transaction costs 116,121 1,005,109
Promissory notes 502,838
Total current assets 2,137,864 2,703,430
Property and equipment, net 1,755,947 1,968
Capital project costs 3,320,403 100,000
Investment in equity securities 1,496,422 218,556
Other long-term assets 312,501
Total assets 9,023,137 3,023,954
Current liabilities    
Accounts payable 10,264,117 1,256,792
Accrued liabilities and other current liabilities 4,722,687 208,107
Current portion of early exercised shares option liability 1,814 2,990
Short-term loans 10,008,552 72,967
Total current liabilities 24,997,170 1,540,856
SAFE notes 5,212,200
Warrant liability 2,451,237
Advance from PIPE investor 425,000
Earnout liability 532,700
Early exercised shares option liability 2,814 5,660
Total liabilities 28,408,921 6,758,716
Commitments and contingencies (Note 4)
Stockholders’ equity (deficit)    
Preferred stock, $0.0001 par value, 100,000,000 and Nil shares authorized, Nil shares issued and outstanding as at December 31, 2024 and December 31, 2023
Common stock, $0.0001 par value, 700,000,000 and 69,033,000 shares authorized, 47,736,279 and 41,499,772 shares issued and outstanding as at December 31, 2024 and December 31, 2023, respectively 4,603 4,023
Additional paid-in capital 33,228,561 54,800
Accumulated deficit (52,618,948) (3,793,585)
Total stockholders’ deficit (19,385,784) (3,734,762)
Total liabilities and stockholders’ deficit 9,023,137 3,023,954
Related Party [Member]    
Current liabilities    
Short-term loans 5,875,000
Nonrelated Party [Member]    
Current liabilities    
Short-term loans $ 4,133,552 $ 72,967