v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Revenue $ 0 $ 152,127
Cost of revenue 181,373 2,205,476
Gross margin (181,373) (2,053,349)
Operating expenses:    
Research and development 174,559 1,821,816
Selling and marketing 4,671,975 468,074
General and administrative 13,348,686 8,807,651
Total operating expenses 18,195,220 11,097,541
Loss from operations (18,376,593) (13,150,890)
Non-operating income (loss):    
Interest income 10,456 17,166
Interest expense (including $103,299 and nil with related parties, respectively) (472,381) (3,346,896)
Equity in losses of unconsolidated affiliates (related party) (30,175) 0
Change in fair value of warrant liabilities (13,894,830) 2,109,904
Change in fair value of derivative liability 37,900 141,100
Change in fair value of convertible note receivable (related party) (2,679,772) 0
Change in fair value of notes payable (including $847,646 and nil with related parties, respectively) (3,616,706) 0
Change in fair value of SEPA liability 682,276 0
Change in fair value of claims settlement liability 2,584,724 0
Loss on issuance of warrants (8,756,303) 0
Loss on issuance of notes payable (3,980,062) 0
Loss on issuance of SEPA (2,582,724) 0
Loss on extinguishment of accounts payable (including $290,676 and nil with related parties, respectively) (5,361,931) 0
Loss on extinguishment of notes payable (including $2,840,115 and $1,491,666 with related parties, respectively) (10,138,337) (20,504,307)
Loss on settlement of claims liability, net (395,379) 0
Loss on fraudulently induced wire transfer (1,005,352) 0
SEPA fees and issuance costs (2,147,287) 0
Gain on sale of intellectual property intangible assets 8,961,872 0
Loss on impairment of inventories, property and equipment and operating lease right-of-use asset (6,064,823) 0
Interest expense recognized on remeasurement of preferred stock liability (10,398,050) 0
Other gain (loss), net (1,447,799) 218,169
Loss before provision for income taxes (79,071,276) (34,515,754)
Provision for income taxes 0 0
Net loss (79,071,276) (34,515,754)
Reclassification of convertible preferred stock from mezzanine equity to liability 10,398,050 0
Deemed dividend in connection with modification of pre-funded warrants (3,076,380) 0
Net loss available to common shareholders $ (71,749,606) $ (34,515,754)
Net loss per common share, basic $ (2.25) $ (29.51)
Net loss per common share, diluted $ (2.25) $ (29.51)
Weighted-average common shares used to compute net loss per common share, basic 31,912,339 1,169,797
Weighted-average common shares used to compute net loss per common share, diluted 31,912,339 1,169,797