v3.26.1
REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS (Tables)
12 Months Ended
Dec. 31, 2025
REVISION OF PRIOR PERIOD FINANCIAL STATEMENTS  
Schedule of corrections of errors on previously issued balance sheet

Balance Sheet as of December 31, 2024

 

As Reported

 

 

Adjustment

 

 

As Revised

 

Finance - right-of-use assets, net – related party

 

 

19,407,504

 

 

 

(5,791,023)

 

 

13,616,481

 

Total assets

 

$19,407,504

 

 

$(5,791,023)

 

$13,616,481

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accounts Payable - Related Party

 

 

9,014,288

 

 

 

(1,064,709)

 

 

7,949,579

 

Finance lease - related party, current

 

 

363,296

 

 

 

1,089,467

 

 

 

1,452,763

 

Total current liabilities

 

 

9,377,584

 

 

 

24,758

 

 

 

9,402,342

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Finance lease – related party, non-current

 

 

19,407,504

 

 

 

(5,951,143)

 

 

13,456,361

 

Total liabilities

 

$29,096,181

 

 

 

(5,926,385)

 

 

23,169,796

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated deficit

 

 

(265,905,115)

 

 

(134,835)

 

 

(266,039,950)

Total stockholders' deficit

 

 

(265,905,115)

 

 

(134,835)

 

 

(266,039,950)

Total liabilities and stockholders' deficit

 

$(236,808,934)

 

$(6,061,220)

 

$(242,870,154)