v3.26.1
Income Taxes (Tables)
12 Months Ended
Dec. 31, 2025
Components of Income Tax Expense (Benefit), Continuing Operations [Abstract]  
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
The provision for income taxes consisted of the following:
 
    
Year Ended
December 31,
2025
    
Period from
July 8, 2024
(inception) to
December 31,
2024
 
Current
 
Federal
   $ —       $ —   
State
     —         —   
Total current provision
     —         —   
Deferred
 
Federal
     4,260,400        28,475  
State
     1,416,298        9,265  
Change in valuation allowance
     (5,676,698      (37,740
Total deferred provision
     —         —   
Total provision for income taxes
   $ —       $ —   
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block] The following table presents required disclosure pursuant to ASU
2023-09
and reconciles the Company’s U.S. federal statutory tax amount and rate to its actual effective amount as follows:
 
    
Year Ended December 31,
2025
   
Period from July 8,
2024 (inception) to
December 31, 2024
 
Tax, computed at the federal statutory rate
   $ (15,072,662      21.0   $ (124,647      21.0
Permanent benefit item - fair value adjustment of SAFEs
     8,257,513        (11.5 %)      83,245        (14.0 %) 
Other nondeductible items
     215,602        (0.3 %)      1,595        (0.3 %) 
Other items
     2,339,146        (3.3 %)      2,067        (0.3 %) 
Change in valuation allowance
     4,260,401        (5.9 %)      37,740        (6.4 %) 
Benefit from income taxes
   $ —         0.0   $ —         0.0
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
The significant components of the Company’s deferred income tax assets were as follows:
 
    
Year Ended
December 31,
2025
   
Period from
July 8, 2024
(inception) to
December 31,
2024
 
Deferred tax assets:
    
Net operating losses
   $ 924,093     $ 36,969  
Stock based compensation
     226,224       771  
Deferred lease liability
     14,056       —   
Legal settlement accrual
     4,573,919       —   
Other
     9       —   
Total deferred tax assets
     5,738,301       37,740  
Less valuation allowance
     (5,714,438     (37,740
Total deferred tax assets
     23,863       —   
Deferred tax liabilities
    
Right-of-use
assets
     (22,837     —   
Property and equipment
     (1,026     —   
Total deferred tax liabilities
     (23,863     —   
Net deferred tax assets
   $ —      $ —