Commitments and Contingencies	12 Months Ended
Dec. 31, 2025
Commitments and Contingencies
Commitments and Contingencies	J. Related Party Transactions The Company has certain reimbursement transactions with an affiliate entity under common ownership with its majority shareholder. The affiliate entity had paid for certain expenses on behalf of the Company and subsequently reimburses the affiliate for these costs. The Company had a payable to the affiliate of $133,833 and $15,658 at December 31, 2025 and 2024, respectfully, which is included in Payables to related parties on the accompanying consolidated balance sheets. Effective January 1, 2025, the Company has a management agreement with Independence TX LLC, an affiliate, whereby the affiliate provides management services, including executive services, to the Company for $500,000 per month. During year ended December 31, 2025, the Company paid $4,500,000 for these services, which was recorded in General and administrative expenses on the accompanying consolidated statements of operations. This agreement was terminated effective September 30, 2025. Effective January 1, 2025, the Company has an office and warehouse lease agreement with Independence WI LLC, an affiliate, whereby the Company leases office and warehouse space in Wisconsin for $50,000 per month. During the year ended December 31, 2025, the Company paid $450,000 for these services. At December 31, 2025, the Company had a related party payable under this lease agreement of $150,000, which is included in Payable to related parties on the accompanying consolidated balance sheets. In September, 2025, the Company paid $2,500,000 to ITX Micro Grid Development LLC for contract services rendered as part of the Master Supply and Services Agreement. Effective December 30, 2025, the Company entered into an Administrative Services Agreement (the “ASA Agreement”) with IPAS Asset Management, LLC (“IPAS”), a related party, whereby IPAS will provide administrative support services to the Company at IPAS’s actual expenses incurred plus a $10 administrative fee. The agreement can be terminated without penalty upon 30 days written notice.

Commitments and Contingencies

12 Months Ended

Dec. 31, 2025

J. Related Party Transactions

The Company has certain reimbursement transactions with an affiliate entity under common ownership with its majority shareholder. The affiliate entity had paid for certain expenses on behalf of the Company and subsequently reimburses the affiliate for these costs. The Company had a payable to the affiliate of $133,833 and $15,658 at December 31, 2025 and 2024, respectfully, which is included in Payables to related parties on the accompanying consolidated balance sheets.

Effective January 1, 2025, the Company has a management agreement with Independence TX LLC, an affiliate, whereby the affiliate provides management services, including executive services, to the Company for $500,000 per month. During year ended December 31, 2025, the Company paid $4,500,000 for these services, which was recorded in General and administrative expenses on the accompanying consolidated statements of operations. This agreement was terminated effective September 30, 2025.

Effective January 1, 2025, the Company has an office and warehouse lease agreement with Independence WI LLC, an affiliate, whereby the Company leases office and warehouse space in Wisconsin for $50,000 per month. During the year ended December 31, 2025, the Company paid $450,000 for these services. At December 31, 2025, the Company had a related party payable under this lease agreement of $150,000, which is included in Payable to related parties on the accompanying consolidated balance sheets.

In September, 2025, the Company paid $2,500,000 to ITX Micro Grid Development LLC for contract services rendered as part of the Master Supply and Services Agreement.

Effective December 30, 2025, the Company entered into an Administrative Services Agreement (the “ASA Agreement”) with IPAS Asset Management, LLC (“IPAS”), a related party, whereby IPAS will provide administrative support services to the Company at IPAS’s actual expenses incurred plus a $10 administrative fee. The agreement can be terminated without penalty upon 30 days written notice.