v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net loss $ (38,006,186) $ (7,460,982)
Adjustments to reconcile net loss to net cash used in operating activities:    
Increase in bridge loan - expenses paid by bridge loan provider on behalf of the Company 476,393
Accretion of original issue discount on bridge loans - related party 300,000 2,558,241
Write off deferred issuance costs 703,796
Share based compensation - restricted stock 20,923,850
Loss on extinguishment of bridge loan 2,069,923
Amortization of debt issuance costs and deferred offering costs 769,441
Amortization of right of use asset 18,153 111,793
Changes in operating assets and liabilities:    
Prepaid expenses (350,134) (90,312)
Other assets (47,177)
Accrued compensation (479,775) 10,724
Lease liability (20,458) (103,304)
Accrued advisory fee 5,882,710
Accounts payable and accounts payable - related parties 45,350 1,551,272
Net cash used in operating activities (10,964,226) (172,456)
Cash flows from financing activities:    
Proceeds from the sale of common stock 11,324,372 1,702,668
Proceeds from related party loan 300,000 892,028
Repayment of related party loan (600,000) (791,077)
Deferred offering costs (130,491)
Net cash provided by financing activities 11,024,372 1,673,128
Net increase in cash and cash equivalents 60,146 1,500,672
Cash and cash equivalents - beginning of period 64,893 31,862
Cash and cash equivalents - end of period 125,039 1,532,534
Supplemental disclosure of non-cash financing activities:    
Original issue discount on bridge loan - related party 300,000 1,368,421
Right of use asset, at lease commencement 415,970 536,605
Reclassified of deferred offering costs to APIC at the completion of the offering 1,391,580
Increase in bridge loan payable – prepaid and deferred offering costs paid directly by bridge loan provider on behalf of the Company 31,346
Conversion of bridge loan to common stock 11,748,464
Conversion of accrued compensation 412,500
Conversion of account payable to common stock $ 1,377,090