v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 31,701,916 $ 201,456
Short-term investments 40,470,151 587,357
Interest receivables 85,991 85,991
Prepaid expenses and other current assets 2,635,151 620,042
Accounts receivable - related party - net of allowance of $62,030,311 and $0 for the years ended December 31, 2025 and 2024 respectively. 59,371,504 81,570,962
Current assets - discontinued operations 0 (9,830,195)
Total current assets 134,264,713 92,896,003
Non-current assets:    
Restricted cash 380,770 380,770
Property and equipment, net 143,069 228,688
Right-of-use assets, net 459,091 508,633
Right-of-use assets, net - related party 1,298,890 1,657,127
Investment in other entities - related parties 32,361,173 1,706,244
Notes receivable, net 0 280,000
Non-current assets - discontinued operations 0 183,994,409
Total assets 168,907,706 281,651,874
Current liabilities:    
Trade payables 1,093,529 2,137,054
Non-trade payables 474,407 471,566
Accounts payable - related party 51,610,947 17,533,062
Accrued expenses 391,401 544,865
Accrued litigation settlement 1,848,553 2,303,270
Accrued interest 54,849 68,465
Operating lease liabilities, current 139,918 49,529
Operating lease liabilities, current - related party 1,247,151 714,942
Other financing obligations, current 4,349,613 5,964,079
Current liabilities - discontinued operations 0 136,612,282
Total current liabilities 61,210,368 166,399,114
Non-current liabilities:    
Long term debt 965,286 0
Other financing obligations, net of current portion 12,167,536 5,894,110
Operating lease liabilities, non-current 453,179 511,247
Operating lease liabilities, non-current - related party 922,411 1,315,604
Non-current liabilities - discontinued operations 0 188,448,773
Total liabilities 75,718,780 362,568,848
Stockholders' deficit:    
Common stock, $0.0001 par value; 230,000,000 shares authorized, 106,919,830 and 77,996,079 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively 10,692 7,802
Additional paid-in capital 305,124,968 186,407,169
Accumulated deficit (210,358,542) (265,770,279)
Total stockholders' equity (deficit) 94,777,118 (79,355,308)
Non-controlling interest (1,588,192) (1,561,666)
Total equity (deficit) 93,188,926 (80,916,974)
Total liabilities and stockholders' equity (deficit) $ 168,907,706 $ 281,651,874