v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 2,103,664 $ 3,515,881
Accounts receivable, related party 49,866 67,323
Other current assets 607,491 772,616
Total current assets 2,761,021 4,355,820
NON-CURRENT ASSETS    
Investment in unconsolidated entities 7,968,761 8,818,748
Option to purchase equity securities in related party 334,974 334,974
Bismarck exploration license 1,821,251 1,821,251
Property and equipment, net 456,912 474,816
Other non-current assets 34,295 34,295
Total assets 13,377,214 15,839,904
CURRENT LIABILITIES    
Accounts payable 1,544,035 770,750
Accrued expenses 10,880,652 9,846,020
Loans payable, current portion 907,845 1,062,356
Total current liabilities 13,332,532 11,679,126
Loans payable 3,961,658 3,933,042
Warrant liabilities 1,188,453 12,150,360
Litigation financing 65,406,154 63,287,048
Deferred contract liability 334,974 334,974
Total liabilities 84,223,771 91,384,550
Commitments and contingencies (Note 8)
STOCKHOLDERS' DEFICIT    
Preferred stock - $0.0001 par value; 24,984,166 shares authorized; none issued and outstanding 0 0
Common stock - $0.0001 par value; 75,000,000 shares authorized; 58,368,659 and 55,771,913 issued and outstanding 5,837 5,577
Additional paid-in capital 290,389,881 285,869,928
Accumulated deficit (323,176,862) (323,524,208)
Total stockholders' deficit before non-controlling interest (32,781,144) (37,648,703)
Non-controlling interest (38,065,413) (37,895,943)
Total stockholders' deficit (70,846,557) (75,544,646)
Total liabilities and stockholders' deficit $ 13,377,214 $ 15,839,904