v3.25.2
Business Combination (Tables)
 6 Months Ended
Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Combination, Recognized Asset Acquired and Liability Assumed
The following table summarizes the consideration transferred to acquire SeaTrepid and preliminary allocation of the purchase price to the identifiable assets acquired and liabilities assumed, based on their estimated fair values as of the acquisition date:

Cash consideration$8,000,000 
Earnout shares (fair value)6,864,729 
Purchase price adjustment(512,037)
Total purchase price$14,352,692 

Purchase Price AllocationMarch 20, 2025
Cash$78,008 
Accounts receivable, net138,354 
Inventory75,300 
Other current assets62,515 
Property and equipment6,169,303 
Goodwill10,652,389 
Accounts payable(287,766)
Accrued liabilities(97,668)
Notes payable - current(2,437,743)
Total purchase price$14,352,692 
Schedule Pro Forma Information
The following unaudited pro forma summary presents consolidated information of the Company as if the business combination had occurred on January 1, 2024.

Six months ended June 30,
20252024
Revenue
$2,738,047 $6,220,974 
Net loss
(15,669,970)(66,467,103)