v3.25.2
Condensed Consolidated Statements of Changes in Members’ and Stockholders’ Equity (Deficit) (Unaudited) - USD ($)
Total
Previously Reported
Class A
Members’ Contribution
Members’ Contribution
Previously Reported
Preferred Units
Preferred Units
Previously Reported
Common Stock
Class A
Common Stock
Class B
Subscription Receivable
Additional Paid-In Capital
Retained Earnings (Accumulated Deficit)
Retained Earnings (Accumulated Deficit)
Previously Reported
Balance at Dec. 31, 2023 $ (5,900,704) $ (5,900,704)     $ 2,109,310   $ 9,158,087 $ 3,274 $ 476   $ 11,263,647 $ (17,168,101) $ (17,168,101)
Balance (in Shares) at Dec. 31, 2023               32,731,583 4,759,642        
Retroactive application of recapitalization       $ (2,109,310)   $ (9,158,087)   $ 3,274 $ 476   11,263,647    
Retroactive application of recapitalization (in Shares)               32,731,583 4,759,642        
Issuance of common stock $ 43,365,000             $ 581   $ (6,000,000) 49,364,419    
Issuance of common stock (in Shares) 5,807,647             5,807,647          
Exercise of warrants $ 45,760             $ 38     45,722    
Exercise of warrants (in Shares)               380,771          
Exercise of options 56,250             $ 214     56,036    
Exercise of options (in Shares)               2,141,839          
Reverse capitalization, net of transaction costs (21,027,477)             $ 800     (21,028,277)    
Reverse capitalization, net of transaction costs (in Shares)               8,001,930          
Net income 181,555,292                     181,555,292  
Balance at Mar. 31, 2024 198,094,121             $ 4,907 $ 476 (6,000,000) 39,701,547 164,387,191  
Balance (in Shares) at Mar. 31, 2024               49,063,770 4,759,642        
Balance at Dec. 31, 2023 (5,900,704) $ (5,900,704)     $ 2,109,310   $ 9,158,087 $ 3,274 $ 476   11,263,647 (17,168,101) $ (17,168,101)
Balance (in Shares) at Dec. 31, 2023               32,731,583 4,759,642        
Issuance of True up Shares 0                        
Net income 194,985,187                        
Balance at Jun. 30, 2024 230,063,455             $ 5,110 $ 476   52,240,783 177,817,086  
Balance (in Shares) at Jun. 30, 2024               51,016,028 4,759,642        
Balance at Mar. 31, 2024 198,094,121             $ 4,907 $ 476 (6,000,000) 39,701,547 164,387,191  
Balance (in Shares) at Mar. 31, 2024               49,063,770 4,759,642        
Issuance of common stock pursuant to June 2024 subscription agreement 12,385,000             $ 124     12,384,876    
Issuance of common stock pursuant to June 2024 subscription agreement (in Shares)               1,238,500          
Exercise of warrants               $ 71     (71)    
Exercise of warrants (in Shares)               705,758          
Exercise of options 3,920             $ 8     3,912    
Exercise of options (in Shares)               8,000          
Subscription proceeds received 6,000,000                 $ 6,000,000      
Share-based compensation 150,519                   150,519    
Net income 13,429,895                     13,429,895  
Balance at Jun. 30, 2024 230,063,455             $ 5,110 $ 476   52,240,783 177,817,086  
Balance (in Shares) at Jun. 30, 2024               51,016,028 4,759,642        
Balance at Dec. 31, 2024 252,110,324             $ 5,593     53,577,270 198,527,461  
Balance (in Shares) at Dec. 31, 2024               55,928,661          
Exercise of options 41,760             $ 15     41,745    
Exercise of options (in Shares)               147,579          
Share-based compensation 1,069,076                   1,069,076    
Issuance of True up Shares 2,082,894             $ 28     2,082,866    
Issuance of True up Shares (in Shares)               275,880          
Net income 14,878,658                     14,878,658  
Balance at Mar. 31, 2025 270,182,712             $ 5,636     56,770,957 213,406,119  
Balance (in Shares) at Mar. 31, 2025               56,352,120          
Balance at Dec. 31, 2024 $ 252,110,324             $ 5,593     53,577,270 198,527,461  
Balance (in Shares) at Dec. 31, 2024               55,928,661          
Exercise of options (in Shares) 296,065                        
Issuance of True up Shares $ 2,082,894                        
Issuance of True up Shares (in Shares)     275,880                    
Net income 17,391,871                        
Balance at Jun. 30, 2025 288,569,593             $ 6,044     72,644,217 215,919,332  
Balance (in Shares) at Jun. 30, 2025               60,439,593          
Balance at Mar. 31, 2025 270,182,712             $ 5,636     56,770,957 213,406,119  
Balance (in Shares) at Mar. 31, 2025               56,352,120          
Exercise of options 57,958             $ 15     57,943    
Exercise of options (in Shares)               148,486          
PIPE offering proceeds, net 14,243,730             $ 377     14,243,353    
PIPE offering proceeds, net (in Shares)               3,775,126          
Issuance of common stock upon vesting of restricted stock units 0             $ 16     (16)    
Issuance of common stock upon vesting of restricted stock units (in Shares)               163,861          
Share-based compensation 1,571,980                   1,571,980    
Net income 2,513,213                     2,513,213  
Balance at Jun. 30, 2025 $ 288,569,593             $ 6,044     $ 72,644,217 $ 215,919,332  
Balance (in Shares) at Jun. 30, 2025               60,439,593