CONSOLIDATED STATEMENTS OF NET LOSS AND COMPREHENSIVE LOSS - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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| CONSOLIDATED STATEMENTS OF NET LOSS AND COMPREHENSIVE LOSS | ||||
| Revenue | $ 48,063,010 | $ 25,108,247 | $ 72,603,651 | $ 49,195,562 |
| Cost of sales | ||||
| Product costs | 23,719,204 | 11,516,604 | 35,414,533 | 23,663,492 |
| Non-cash product costs | 4,152,108 | 4,152,108 | ||
| Inventory valuation adjustments | (226,149) | 41,000 | 206,851 | (263,000) |
| Gross profit | 20,417,847 | 13,550,643 | 32,830,159 | 25,795,070 |
| Operating expenses: | ||||
| Selling, general and administrative expenses | 12,454,544 | 7,564,231 | 19,928,487 | 14,615,844 |
| Transaction related expenses | 4,729,444 | 5,974,140 | ||
| Stock-based compensation expenses | 4,150,630 | (60,568) | 5,611,480 | 119,221 |
| Depreciation | 387,596 | 72,925 | 464,698 | 146,471 |
| Amortization | 714,323 | 180,033 | 894,355 | 360,067 |
| Total operating expenses | 22,436,537 | 7,756,621 | 32,873,160 | 15,241,603 |
| Income (loss) from operations | (2,018,690) | 5,794,022 | (43,001) | 10,553,467 |
| Other income (expense): | ||||
| Interest expenses, net | (7,647,822) | (7,518,454) | (15,247,339) | (16,241,091) |
| Gain (loss) on disposal of assets | (5,844) | (97,471) | (5,844) | (218,327) |
| Other income (expenses) | (407,673) | 1,593,492 | 382,365 | 2,911,081 |
| Other income (expenses), net | (8,061,339) | (6,022,433) | (14,870,818) | (13,548,337) |
| Loss before income taxes | (10,080,029) | (228,411) | (14,913,819) | (2,994,870) |
| Current income tax expenses | (4,854,000) | (440,000) | (6,529,000) | (4,385,000) |
| Net loss and comprehensive loss | $ (14,934,029) | $ (668,411) | $ (21,442,819) | $ (7,379,870) |
| Net loss per share - basic (in dollars per share) | $ (0.03) | $ 0 | $ (0.05) | $ (0.05) |
| Net loss per share - diluted (in dollars per share) | $ (0.03) | $ 0 | $ (0.05) | $ (0.05) |
| Weighted average shares used in computation of net loss per share - basic (in shares) | 559,097,392 | 143,583,496 | 463,901,421 | 143,354,913 |
| Weighted average shares used in computation of net loss per share - diluted (in shares) | 559,097,392 | 143,583,496 | 463,901,421 | 143,354,913 |
| X | ||||||||||
- Definition The aggregate amount of recurring noncash expense charged against earnings in the period to allocate the cost of assets over their estimated remaining economic lives. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of loss from reductions in inventory due to subsequent measurement adjustments, including, but not limited to, physical deterioration, obsolescence, or changes in price levels. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of noncash expense for share-based payment arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period, excluding the amount of inventory adjustments. This also excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. No definition available.
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- Definition Amount of gain (loss) from sale and disposal of business and other assets. No definition available.
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- Definition Amount of non-cash amortization of inventory step-up included in product costs on acquisition. No definition available.
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