v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 14,644,384 $ 35,727,694
Restricted cash 1,119,580 265,253
Accounts receivable, net 1,630,987 262,084
Lease receivable, net 156,516 0
Loans held for investment, net of allowance for credit losses of $778,704 and $689,007 as of December 31, 2025 and 2024, respectively 6,148,072 3,986,997
Lease merchandise, net of accumulated depreciation of $938,959 and zero as of December 31, 2025 and 2024, respectively 960,024 0
Interest receivable 250,450 314,104
Prepaid expenses and other current assets 2,450,321 2,261,435
Current assets held for sale (Note 4) 4,407,921 4,019,595
Total current assets 31,768,255 46,837,162
Loans held for investment, net of allowance for credit losses of $150,702 and $127,038 as of December 31, 2025 and 2024, respectively, non-current 1,189,832 735,118
Lease merchandise, net of accumulated depreciation of $72,335 and zero as of December 31, 2025 and 2024, respectively, non-current 329,463 0
Property and equipment, net 187,262 275,539
Intangible assets, net 14,573,323 14,635,950
Goodwill 10,930,978 10,930,978
Operating lease right-of-use assets 669,356 274,603
Deposits 29,939 18,589
Non-current assets held for sale (Note 4) 0 1,185,902
Total assets 59,678,408 74,893,841
Current liabilities:    
Revolving line of credit 6,174,546 3,777,279
Accounts payable 5,351,651 2,869,272
Accrued expenses 1,205,386 784,724
Operating lease liabilities, current portion 323,842 122,587
Current liabilities held for sale (Note 4) 2,612,041 1,070,557
Total current liabilities 15,667,466 8,624,419
Earn-out liabilities 540,000 620,000
Warrant liabilities 1,230,250 10,186,000
Operating lease liabilities 354,286 163,716
Total liabilities 46,241,502 48,043,635
Commitments and contingencies (Note 17)
Stockholders’ equity    
Preferred stock, $0.0001 par value; 50,000,000 authorized shares; no shares issued and outstanding as of December 31, 2025 and 2024, respectively 0 0
Additional paid in capital 169,944,031 146,746,355
Accumulated deficit (156,512,096) (119,900,428)
Total stockholders’ equity 13,436,906 26,850,206
Total liabilities and stockholders’ equity 59,678,408 74,893,841
Related Party    
Current liabilities:    
Convertible promissory notes 20,000,000 20,000,000
Nonrelated Party    
Current liabilities:    
Convertible promissory notes 8,449,500 8,449,500
Class A    
Stockholders’ equity    
Common stock value 4,650 3,958
Class C    
Stockholders’ equity    
Common stock value $ 321 $ 321