v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash and cash equivalents $ 6,779,040 $ 2,324,647
Accounts receivable 1,000,000.0 1,000,000.0
Prepaid expenses 862,400 659,536
Accrued interest receivable 16,319
Forward purchase receivable 4,584,221
Loans receivable, net 13,332
Contract asset 516,283
Other current assets 3,000,000 3,000,000
Total Current Assets 12,198,582 11,700,687
Long-term loans receivable, net 378,854
Operating lease right to use assets 547,186 703,524
Investment in preferred securities 1,450,000
Prepaid expenses 414,329 412,500
Contract asset 2,581,417
Other assets 15,510 22,722
Total Assets 17,207,024 13,218,287
Current Liabilities:    
Accrued expenses 1,310,463 1,301,378
Deferred revenue 15,415 28,335
Lease liabilities 181,963 161,952
Senior secured promissory note 255,765
Deferred consideration 3,000,000 3,338,343
Forward purchase derivative liability 7,309,580
Stand-ready guarantee liability 711,667
Financial indemnification liability 433,968
Other current liabilities 485,055 72,836
Total Current Liabilities 6,499,724 12,684,520
Warrant liabilities 39,620 1,360,491
Senior secured promissory note 10,748,408
Stand-ready guarantee liability 1,245,416
Financial indemnification liability 657,804
Lease liabilities 528,552 712,882
Total Liabilities 8,971,116 25,506,301
Commitment and Contingencies (Note 20)
Stockholders’ Equity (Deficit)    
Class A Common Stock, $.0001 par value, 1 billion and 130 million shares authorized, 4,281,523 and 2,783,666 issued and outstanding on December 31, 2025, and December 31, 2024, respectively 428 278
Additional paid-in capital 131,152,020 108,467,253
Accumulated deficit (122,916,543) (120,755,545)
Total Stockholders’ Equity (Deficit) 8,235,908 (12,288,014)
Total Liabilities and Stockholders’ Equity (Deficit) 17,207,024 13,218,287
Convertible Preferred Stock [Member]    
Stockholders’ Equity (Deficit)    
Convertible preferred stock, value
Series B Convertible Preferred Stock [Member]    
Stockholders’ Equity (Deficit)    
Convertible preferred stock, value 3
Nonrelated Party [Member]    
Current Assets:    
Accounts receivable 31,376 134,609
Current Liabilities:    
Accounts payable 189,828 140,723
Related Party [Member]    
Current Assets:    
Cash and cash equivalents 6,779,040 2,202,895
Accounts receivable 1,009,483 968,023
Current Liabilities:    
Accounts payable $ 171,365 $ 75,608