v3.26.1
Consolidated Statement of Cash Flows - USD ($)
3 Months Ended 4 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities          
Net (loss) income $ (51,000)   $ (51,450)    
Changes in operating assets and liabilities:          
Accrued expenses 25,000   25,450    
Related party payable 26,000   26,000    
Net cash provided by operating activities      
Cash flows from investing activities          
Net cash (used in) provided by investing activities      
Cash flows from financing activities          
Net change in cash and cash equivalents      
Cash and cash equivalents at beginning of the period      
Cash and cash equivalents at end of the period    
Boost Run Holdings LLC [Member]          
Cash flows from operating activities          
Net (loss) income (4,118,000) $ 21,000   (16,274,000) $ (212,000)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:          
Depreciation and amortization 4,723,000 1,371,000   10,536,000 2,534,000
Unit-based compensation expense 198,000 202,000   13,425,000 568,000
Loss on sale of fixed assets 195,000   195,000 (54,000)
Non-cash lease expense 2,537,000 402,000   3,344,000 400,000
Loss in change in fair value of digital asset receivable 3,000 61,000   70,000
Loss in change in fair value of liability-classified warrants       2,992,000
Non-cash interest expense 568,000   23,000 18,000
Changes in operating assets and liabilities:          
Accounts receivable (8,875,000) (1,358,000)   (2,424,000) (139,000)
Prepaid expenses (2,302,000) (618,000)   (5,638,000) (743,000)
Other current assets (500,000) (16,000)   (75,000)
Accounts payable (3,626,000) 99,000   6,086,000 39,000
Operating lease liabilities (1,126,000) (174,000)   (2,591,000) (358,000)
Credit card payable (48,000) (88,000)   (138,000) 359,000
Accrued expenses and other liabilities 25,801,000 1,161,000      
Other current liabilities       15,399,000 546,000
Net cash provided by operating activities 13,235,000 1,258,000   24,930,000 2,958,000
Cash flows from investing activities          
Purchases of equipment (8,931,000) (681,000)   (11,553,000) (3,729,000)
Operating lease prepayments (5,068,000)      
Finance lease prepayments (1,949,000)        
Purchase of intangible assets (16,000)   (16,000)
Proceeds from sale of equipment 915,000   915,000 313,000
Capitalized software costs       (371,000)
Net cash (used in) provided by investing activities (15,948,000) 218,000   (10,654,000) (3,787,000)
Cash flows from financing activities          
Capital contributions 500,000   500,000 1,503,000
Proceeds from Bridge Loan, net 9,954,000   4,812,000
Payments toward deferred transaction costs (26,000)   (70,000)
Proceeds from Related Party Loan       1,430,000
Finance lease liabilities (3,721,000) (970,000)   (11,536,000) (405,000)
Net cash used in financing activities 6,207,000 (470,000)   (4,864,000) 1,098,000
Net change in cash and cash equivalents 3,494,000 1,006,000   9,412,000 269,000
Cash and cash equivalents at beginning of the period 9,747,000 335,000   335,000 66,000
Cash and cash equivalents at end of the period 13,241,000 1,341,000 $ 9,747,000 9,747,000 335,000
Supplemental disclosures of cash flow information:          
Cash paid for interest 150,000   1,647,000 188,000
Noncash investing and financing activity:          
Right-of-use assets obtained in exchange for new finance lease liabilities 60,117,000 21,770,000   37,035,000
Right-of-use assets obtained in exchange for new operating lease liabilities 93,898,000 1,601,000   9,135,000 3,338,000
Purchased fixed assets included in accounts payable 8,133,000   2,944,000
Issuance of Class C Units       2,992,000
Deferred transaction costs in accounts payable and other current liabilities $ 633,000   $ 932,000