| SCHEDULE OF BALANCE SHEET COMPONENTS |
SCHEDULE
OF BALANCE SHEET COMPONENTS
| Prepaid expenses and other current assets | |
December 31, 2024 | | |
December 31, 2023 | |
| Prepaid expenses | |
$ | 358,331 | | |
$ | 424,124 | |
| Deposit | |
| 246,235 | | |
| - | |
| Other current assets | |
| 1,765 | | |
| 2,373 | |
| Total | |
$ | 606,331 | | |
$ | 426,497 | |
| Property and equipment, net | |
December 31, 2024 | | |
December 31, 2023 | |
| Land | |
$ | 1,740,565 | | |
$ | - | |
| Computer and equipment | |
| 17,211 | | |
| 1,974 | |
| Property and equipment, gross | |
| 1,757,776 | | |
| 1,974 | |
| Accumulated depreciation | |
| (1,829 | ) | |
| (6 | ) |
| Total | |
$ | 1,755,947 | | |
$ | 1,968 | |
Depreciation
expense was $1,823 and $6 for the year ended December 31, 2024, and for the period from March 16, 2023 (inception) through December
31, 2023, respectively.
| Other long-term assets | |
December 31, 2024 | | |
December 31, 2023 | |
| Non-current portion of prepaid expense | |
$ | 262,501 | | |
$ | - | |
| Long-term deposit | |
| 50,000 | | |
| - | |
| Total | |
$ | 312,501 | | |
$ | - | |
| Accounts payable | |
December 31, 2024 | | |
December 31, 2023 | |
| Vendors | |
$ | 10,259,060 | | |
$ | 1,256,792 | |
| Due to employees | |
| 5,057 | | |
| - | |
| Total | |
$ | 10,264,117 | | |
$ | 1,256,792 | |
| Accrued liabilities and other current liabilities | |
December 31, 2024 | | |
December 31, 2023 | |
| Accrued expenses | |
$ | 1,787,985 | | |
$ | 151,284 | |
Capital market advisory fees | |
| 1,500,000 | | |
| - | |
| Personnel related liabilities | |
| 1,400,141 | | |
| 56,823 | |
| Accrued interest | |
| 34,561 | | |
| - | |
| Total | |
$ | 4,722,687 | | |
$ | 208,107 | |
|