ACQUISITIONS AND INVESTMENTS - Additional Information (Details)
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1 Months Ended |
3 Months Ended |
12 Months Ended |
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Mar. 19, 2026
EUR (€)
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Mar. 12, 2026
USD ($)
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Mar. 12, 2026
EUR (€)
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Feb. 26, 2026
USD ($)
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Feb. 09, 2026
USD ($)
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Feb. 06, 2026
USD ($)
shares
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Jan. 15, 2026
USD ($)
$ / shares
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Jan. 13, 2026
USD ($)
$ / shares
shares
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Nov. 30, 2025
USD ($)
$ / shares
shares
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Oct. 31, 2025
USD ($)
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Mar. 14, 2025
USD ($)
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Mar. 31, 2026
USD ($)
shares
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Mar. 31, 2026
USD ($)
shares
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Mar. 31, 2026
USD ($)
shares
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Mar. 31, 2026
USD ($)
shares
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Dec. 31, 2025
USD ($)
shares
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Mar. 31, 2025
USD ($)
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Dec. 31, 2025
USD ($)
shares
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Dec. 31, 2024
USD ($)
shares
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Jan. 31, 2026
USD ($)
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Jan. 13, 2026
EUR (€)
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Nov. 30, 2025
EUR (€)
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Mar. 14, 2025
£ / shares
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| Schedule of Equity Method Investments [Line Items] |
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| Equity method investment, ownership percentage required for significant influence |
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20.00%
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20.00%
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20.00%
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20.00%
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| Research and Development Expense |
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$ 67,500
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$ 184,563
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$ 174,559
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$ 1,821,816
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| Common stock, shares issued | shares |
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154,588,426
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154,588,426
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154,588,426
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154,588,426
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92,816,561
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92,816,561
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4,062,974
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| Nominal value |
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$ 749,905
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| Change in fair value of convertible notes receivable |
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1,073,803
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0
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$ (2,679,772)
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$ 0
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| Principal amount outstanding |
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$ 39,776,987
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$ 39,776,987
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39,776,987
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$ 39,776,987
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$ 25,458,016
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25,458,016
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| Subscription for orbit shares |
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11,778,600
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11,778,600
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| Interest expense |
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71,212
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193,480
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472,381
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3,346,896
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| Revenue |
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407,644
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0
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0
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152,127
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| Net loss |
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(459,898)
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(16,611,425)
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(79,071,276)
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(34,515,754)
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| Issuance of Common Stock |
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2,150,836
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200,000
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| Change in fair value of derivative liability |
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(4,909,820)
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(37,900)
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(37,900)
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$ (141,100)
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| Reclassification of derivative liability in connection with amendment to Orbit Preferred Obligation |
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2,505,010
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| Gain on extinguishment of Orbit Preferred Obligation in excess of derivative liability fair value, recognized as a capital contribution (related party) |
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784,807
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| Advance on Tekne Convertible Receivable |
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$ 1,179,686
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| Issuance of Tekne Subordinated Convertible Note |
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928,000
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| Gain on initial recognition of Tekne Investment |
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84,000
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0
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| Orbit Amendment [Member] |
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| Schedule of Equity Method Investments [Line Items] |
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| Issuance of Common Stock |
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$ 10,020,040
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| Change in fair value of derivative liability |
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4,909,820
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| Reclassification of derivative liability in connection with amendment to Orbit Preferred Obligation |
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2,505,010
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| Gain on extinguishment of Orbit Preferred Obligation in excess of derivative liability fair value, recognized as a capital contribution (related party) |
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784,807
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| Orbit preferred obligation in excess of derivative liability carrying value |
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8,199,636
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| Orbit preferred obligation in excess of derivative liability fair value |
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$ 7,414,830
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| Lyocon Acquisition [Member] |
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| Schedule of Equity Method Investments [Line Items] |
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| Aggregate purchase price |
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$ 2,310,558
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| Business acquisition, cash paid |
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$ 750,000
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| Revenue |
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340,365
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| Net loss |
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7,466
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| Business acquisition date of acquisition agreement |
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Jan. 15, 2026
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| Payments to acquire ownership interest in cash |
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$ 750,000
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| Promissory notes, principal amount |
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1,250,000
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| Debt instrument face amount |
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$ 1,000,000
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| Potential earn out payment period |
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5 years
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| Funding written notice period |
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30 days
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| Percentage of earn-out entitled |
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30.00%
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| Identifiable intangible assets |
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$ 535,400
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| Fair value of contingent consideration |
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138,558
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| Lyocon Acquisition [Member] | Debt [Member] |
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| Schedule of Equity Method Investments [Line Items] |
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| Debt instrument face amount |
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500,000
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| Lyocon Acquisition [Member] | Short-Term Debt [Member] |
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| Schedule of Equity Method Investments [Line Items] |
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| Debt instrument face amount |
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250,000
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| Lyocon Acquisition [Member] | Long-Term Debt [Member] |
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| Schedule of Equity Method Investments [Line Items] |
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| Debt instrument face amount |
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250,000
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| Lyocon Acquisition [Member] | Location, Statement of Income, Balance [Axis]: us-gaap:GeneralAndAdministrativeExpense |
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| Schedule of Equity Method Investments [Line Items] |
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| Acquisition-related costs |
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308,169
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| Lyocon Acquisition [Member] | Trade names / trademarks [Member] |
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| Schedule of Equity Method Investments [Line Items] |
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| Identifiable intangible assets |
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$ 62,770
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| Acquired intangible assets useful lives |
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5 years
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| Lyocon Acquisition [Member] | Cash Earnout [Member] |
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| Schedule of Equity Method Investments [Line Items] |
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| Contingent consideration liability |
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$ 1,000,000
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| Lyocon Acquisition [Member] | Cash Earnout [Member] | Minimum |
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| Schedule of Equity Method Investments [Line Items] |
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| Undiscounted amount to pay in earn-out |
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0
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| Lyocon Acquisition [Member] | Cash Earnout [Member] | Maximum |
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| Schedule of Equity Method Investments [Line Items] |
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| Undiscounted amount to pay in earn-out |
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1,000,000
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| Tekne Transaction [Member] |
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| Schedule of Equity Method Investments [Line Items] |
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| Escrow deposit amount |
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4,200,000
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4,200,000
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4,200,000
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4,200,000
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| Issuance of Tekne Subordinated Convertible Note |
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$ 928,000
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| Gain on initial recognition of Tekne Investment |
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$ 84,000
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| H&K Investment Agreement [Member] |
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| Schedule of Equity Method Investments [Line Items] |
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| Aggregate purchase price |
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$ 15,000,000
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| Common stock, shares issued | shares |
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295,000
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| Percentage of outstanding common shares |
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0.80%
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| Transaction expenses |
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$ 22,134
|
$ 22,134
|
$ 22,134
|
$ 22,134
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| January 2026 Tekne Agreements [Member] | Tekne Transaction [Member] |
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| Schedule of Equity Method Investments [Line Items] |
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| Business acquisition date of acquisition agreement |
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Nov. 30, 2025
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| Equity interest |
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2.90%
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2.90%
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2.90%
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2.90%
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| Provision for convertible receivable | € |
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€ 13,000,000
|
€ 13,000,000
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| Assets guaranteed |
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$ 4,200,000
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| Advance on Tekne Convertible Receivable |
|
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|
|
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|
$ 1,179,686
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| January 2026 Tekne Agreements [Member] | Tekne Transaction [Member] | Letter of Credit [Member] |
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| Schedule of Equity Method Investments [Line Items] |
|
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| Cash collateral |
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|
|
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|
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|
|
|
|
|
|
|
|
$ 875,000
|
|
|
|
| Tekne Convertible Receivable [Member] | Tekne Transaction [Member] |
|
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|
| Schedule of Equity Method Investments [Line Items] |
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| Provision for convertible receivable | € |
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|
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|
|
|
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|
|
|
|
|
|
|
|
€ 13,000,000
|
|
| Debt instrument, maturity date |
|
|
|
|
|
|
|
|
Jan. 13, 2027
|
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|
| Tekne Convertible Receivable [Member] | March 2026 Tekne Letter [Member] | Minimum |
|
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|
| Schedule of Equity Method Investments [Line Items] |
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|
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|
|
| Increase of convertible receivable amount | € |
€ 13,000,000
|
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|
|
|
|
|
|
|
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|
|
|
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|
| Tekne Convertible Receivable [Member] | March 2026 Tekne Letter [Member] | Maximum |
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|
| Schedule of Equity Method Investments [Line Items] |
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|
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|
|
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|
|
|
|
|
|
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|
|
| Increase of convertible receivable amount | € |
16,692,000
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
| GP Authorization [Member] | March 2026 Tekne Letter [Member] |
|
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|
|
| Schedule of Equity Method Investments [Line Items] |
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|
| Capital increase amount | € |
€ 13,000,000
|
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|
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|
| Interest Acquisition [Member] | Tekne Transaction [Member] |
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|
|
| Schedule of Equity Method Investments [Line Items] |
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|
|
|
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|
| Equity interest |
|
|
|
|
|
|
|
|
0.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
0.00%
|
|
| Subordinated convertible note principal amount |
|
|
|
|
|
|
|
$ 1,740,000
|
$ 1,740,000
|
|
|
|
|
|
|
|
|
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|
|
|
|
| Debt instrument, maturity date |
|
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|
|
|
|
Jan. 31, 2027
|
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|
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|
| Subordinated convertible note converted shares | shares |
|
|
|
|
|
|
|
1,394,790
|
1,394,790
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Conversion price per share | $ / shares |
|
|
|
|
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|
|
$ 1.25
|
$ 1.25
|
|
|
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|
|
| Lyocon Purchase Agreement [Member] |
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|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
| Business acquisition, cash paid |
|
|
|
|
|
|
$ 2,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity Awards Equal to 0.07% of Market Cap [Member] | Lyocon Acquisition [Member] |
|
|
|
|
|
|
|
|
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|
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|
|
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|
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|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
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|
|
|
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|
|
|
|
|
|
|
|
|
|
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|
|
| Share price | $ / shares |
|
|
|
|
|
|
$ 3.49
|
|
|
|
|
|
|
|
|
|
|
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|
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|
|
| Number of consecutive trading days |
|
|
|
|
|
|
20 days
|
|
|
|
|
|
|
|
|
|
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|
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|
|
| Percentage of entitlement of equity awards to market cap |
|
|
|
|
|
|
0.07%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity Awards Equal to 0.10% of Market Cap [Member] | Lyocon Acquisition [Member] |
|
|
|
|
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|
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|
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|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
| Share price | $ / shares |
|
|
|
|
|
|
$ 4.99
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
| Number of consecutive trading days |
|
|
|
|
|
|
20 days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage of entitlement of equity awards to market cap |
|
|
|
|
|
|
0.10%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity Awards Equal to 0.15% of Market Cap [Member] | Lyocon Acquisition [Member] |
|
|
|
|
|
|
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|
|
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|
|
|
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|
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|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Share price | $ / shares |
|
|
|
|
|
|
$ 9.98
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Number of consecutive trading days |
|
|
|
|
|
|
20 days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage of entitlement of equity awards to market cap |
|
|
|
|
|
|
0.15%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Developed Technology Rights [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
| Average useful life |
|
|
|
|
|
|
|
|
|
|
|
5 years 4 months 24 days
|
5 years 4 months 24 days
|
5 years 4 months 24 days
|
5 years 4 months 24 days
|
|
|
|
|
|
|
|
|
| Developed Technology Rights [Member] | Lyocon Acquisition [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Identifiable intangible assets |
|
|
|
|
|
|
$ 348,720
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Acquired intangible assets useful lives |
|
|
|
|
|
|
8 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Customer Relationships [Member] |
|
|
|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Average useful life |
|
|
|
|
|
|
|
|
|
|
|
7 years 3 months 18 days
|
7 years 3 months 18 days
|
7 years 3 months 18 days
|
7 years 3 months 18 days
|
7 years
|
|
7 years
|
|
|
|
|
|
| Customer Relationships [Member] | Lyocon Acquisition [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Identifiable intangible assets |
|
|
|
|
|
|
$ 267,352
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Acquired intangible assets useful lives |
|
|
|
|
|
|
8 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Orbit [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity method investment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 949,806
|
|
$ 949,806
|
|
|
|
|
|
| Equity method investment, ownership percentage |
|
|
|
|
|
|
22.00%
|
|
|
10.70%
|
|
10.70%
|
10.70%
|
10.70%
|
10.70%
|
|
|
|
|
22.00%
|
|
|
|
| Aggregate purchase price |
|
|
|
|
|
|
$ 16,592,107
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Business acquisition, cash paid |
|
|
|
|
|
|
2,000,000
|
|
|
|
|
|
|
|
|
1,500,000
|
|
|
|
|
|
|
|
| Proportionate share of net assets | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,112,750
|
|
|
|
|
|
| Business acquisition, consideration advance payment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 3,750,000
|
|
|
|
|
|
| Settlement date |
|
|
|
|
|
|
|
|
|
Dec. 31, 2026
|
|
|
|
Dec. 31, 2026
|
|
|
|
|
|
|
|
|
|
| Subscription for orbit shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,778,600
|
|
11,778,600
|
|
|
|
|
|
| Fair value of orbit preferred obligation |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,028,600
|
|
|
|
|
|
| Deposit on acquisition |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 733,272
|
|
733,272
|
|
|
|
|
|
| Interest expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 67,737
|
|
|
$ 0
|
$ 103,299
|
|
|
|
|
|
| Equity interest previously held fair value |
|
|
|
|
|
|
|
|
|
|
|
$ 890,398
|
$ 890,398
|
890,398
|
$ 890,398
|
|
|
|
|
|
|
|
|
| Equity remeasurement loss |
|
|
|
|
|
|
|
|
|
|
|
|
|
59,408
|
|
|
|
|
|
|
|
|
|
| Transaction expenses |
|
|
|
|
|
|
|
|
|
|
|
$ 212,360
|
$ 212,360
|
212,360
|
$ 212,360
|
|
|
|
|
|
|
|
|
| Revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
67,279
|
|
|
|
|
|
|
|
|
|
| Net loss |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 88,507
|
|
|
|
|
|
|
|
|
|
| Identifiable intangible assets |
|
|
|
|
|
|
$ (895,586)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Purchase of ownership interest |
|
|
|
|
|
|
22.00%
|
|
|
10.70%
|
|
10.70%
|
10.70%
|
10.70%
|
10.70%
|
|
|
|
|
22.00%
|
|
|
|
| Orbit [Member] | Developed Technology Rights [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amortized years |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5 years
|
|
5 years
|
|
|
|
|
|
| Identifiable intangible assets |
|
|
|
|
|
|
$ 2,092,320
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Orbit [Member] | Customer Relationships [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Identifiable intangible assets |
|
|
|
|
|
|
$ 139,488
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Orbit [Member] | Nuburu Defense [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity method investment |
|
|
|
|
|
|
|
|
|
$ 5,000,000
|
|
|
|
|
|
$ 1,500,000
|
|
$ 1,500,000
|
|
|
|
|
|
| Equity method investment, final tranche closing date |
|
|
|
|
|
|
|
|
|
Oct. 07, 2028
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity method investment, ownership percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10.70%
|
|
10.70%
|
|
|
|
|
|
| Equity method investment, ownership percentage required for amendment of bylaws |
|
|
|
|
|
|
|
|
|
20.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Business acquisition, final tranche closing date |
|
|
|
|
|
|
|
|
|
Dec. 31, 2026
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Aggregate purchase price |
|
|
|
|
|
|
|
|
|
$ 12,500,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Business acquisition, cash paid |
|
|
|
|
|
|
|
|
|
3,750,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Business combination, non-cash consideration |
|
|
|
|
|
|
|
|
|
$ 8,750,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exclusive rights period upon letter of intent |
|
|
|
|
|
|
|
|
|
36 months
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Purchase of ownership interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10.70%
|
|
10.70%
|
|
|
|
|
|
| Orbit [Member] | Nuburu Defense [Member] | Alessandro Zamboni [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Business acquisition, consideration advance payment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 3,750,000
|
|
$ 3,750,000
|
|
|
|
|
|
| Business acquisition, consideration offsetting credit payment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,350,000
|
|
1,350,000
|
|
|
|
|
|
| Business combination, consideration, remaining advance payment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 2,400,000
|
|
2,400,000
|
|
|
|
|
|
| NewCo [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage of capital owned |
|
|
|
60.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| SYME Strategic Investment [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Inventory monetization advanced |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 5,668,545
|
|
|
|
|
|
| Nominal value |
|
|
|
|
|
|
|
|
|
|
$ 5,150,000
|
|
|
|
|
|
|
|
|
|
|
|
|
| Conversion price per share | £ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
£ 0.000039
|
| SYME 3 [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Variable Interest Entity Ownership Percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
100.00%
|
|
|
|
|
|
|
|
|
|
| Variable interest entity ownership, expected losses and residual returns percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
100.00%
|
|
|
|
|
|
|
|
|
|
| SYME 3 [Member] | Bond Subscription Agreement [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Issuance in variable rate bonds | € |
|
|
€ 30,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Nominal value | € |
|
|
€ 5,250,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Maturity date |
|
2029-03
|
2029-03
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Subscription price | € |
|
|
€ 4,824,294
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Subscription price paid |
|
$ 5,668,545
|
€ 4,824,294
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration] |
|
us-gaap:EurodollarMember
|
us-gaap:EurodollarMember
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basis spread margin on variable rate |
|
7.50%
|
7.50%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cap rate |
12.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Notice for redemption on bond payment date |
|
120 days
|
120 days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Change in fair value of convertible notes receivable |
|
$ 5,718,059
|
|
|
|
|
|
|
|
|
|
|
|
$ 5,685,021
|
|
|
|
|
|
|
|
|
|
| Principal amount outstanding |
|
|
|
|
|
|
|
|
|
|
|
$ 6,036,450
|
$ 6,036,450
|
6,036,450
|
$ 6,036,450
|
|
|
|
|
|
|
|
|
| Discount on nominal amount | € |
|
|
€ 425,706
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Lyocon [Member] | Lyocon Acquisition [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity method investment, ownership percentage |
|
|
|
|
|
|
50.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Purchase of ownership interest |
|
|
|
|
|
|
50.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Tekne [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity method investment, ownership percentage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2.90%
|
|
|
|
| Purchase of ownership interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2.90%
|
|
|
|
| Tekne [Member] | March 2026 Tekne Letter [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity method investment, ownership percentage |
70.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Payments to acquire ownership interest in cash | € |
€ 6,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Purchase of ownership interest |
70.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Tekne [Member] | Tekne Convertible Receivable [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity method investment, ownership percentage |
|
|
|
|
|
|
|
|
27.90%
|
|
|
|
|
|
|
|
|
|
|
|
|
27.90%
|
|
| Purchase of ownership interest |
|
|
|
|
|
|
|
|
27.90%
|
|
|
|
|
|
|
|
|
|
|
|
|
27.90%
|
|
| Tekne [Member] | Tekne Convertible Receivable [Member] | March 2026 Tekne Letter [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Convertible receivable interest rate |
32.10%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Tekne [Member] | GP Authorization [Member] | March 2026 Tekne Letter [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage of capital increase |
25.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage of subject to obtaining interest |
60.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage of additional subject to obtaining interest |
10.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Tekne [Member] | Interest Acquisition [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity method investment, ownership percentage |
|
|
|
|
|
|
|
|
2.90%
|
|
|
|
|
|
|
|
|
|
|
|
|
2.90%
|
|
| Purchase of ownership interest |
|
|
|
|
|
|
|
|
2.90%
|
|
|
|
|
|
|
|
|
|
|
|
|
2.90%
|
|
| Tekne [Member] | Interest Acquisition [Member] | Tekne Purchase Agreement [member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Equity method investment, ownership percentage |
|
|
|
|
|
|
|
2.90%
|
2.90%
|
|
|
|
|
|
|
|
|
|
|
|
2.90%
|
2.90%
|
|
| Purchase of ownership interest |
|
|
|
|
|
|
|
2.90%
|
2.90%
|
|
|
|
|
|
|
|
|
|
|
|
2.90%
|
2.90%
|
|
| Maddox Joint Venture [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Development funds |
|
|
|
$ 4,000,000
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage of development funds |
|
|
|
10.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage of capital owned |
|
|
|
40.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Joint venture, exclusive rights period |
|
|
|
5 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Joint venture term |
|
|
|
1 year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Notice of non-renewal |
|
|
|
90 days
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Research and Development Expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 67,500
|
|
|
|
|
|
|
|
|
|
| Joint venture cash payments |
|
|
|
|
|
|
|
|
|
|
|
|
$ 289,000
|
|
|
|
|
|
|
|
|
|
|
| Mr. D'Arrezzo [Member] | GP Authorization [Member] | March 2026 Tekne Letter [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Schedule of Equity Method Investments [Line Items] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Percentage of subject to obtaining interest |
2.90%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|