v3.26.1
Reportable Segment and Significant Segment Expenses
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Reportable Segment and Significant Segment Expenses Reportable Segment and Significant Segment Expenses
The Company operates in a single business segment, which is grid modernization and energy storage and management.
Significant Segment Expenses:
The Company operates in a single business segment, which is the consolidated entity. The Company's chief operating decision maker (“CODM”) is its Chief Executive Officer. The CODM uses revenue and operating expenses of the consolidated entity predominantly in the annual budget and forecasting process. The CODM considers consolidated budget-to-actual variances on an annual basis when making decisions about the allocation of operating and capital resources. Below are the significant consolidated segment expenses that the Company regularly provides to the CODM.
The following table summarizes the Company’s significant selling, general, and administrative expenses, and research and development expenses that are regularly provided to the CODM:
Three Months Ended March 31,
20262025
Revenue$1,393,120 $934,304 
(Add)/deduct:
Cost of sales741,968 561,244 
Selling, general, and administrative expense:
Employee compensation and benefits2,305,382 2,417,525 
Consultants48,836 — 
Marketing190,246 264,494 
Rent260,904 273,318 
Professional fees282,334 315,814 
Legal667,906 711,156 
Insurance (excluding health & D&O)108,040 43,847 
IT Expense68,085 277,074 
Travel52,851 22,772 
Office Meal and Employee Reimbursement11,495 9,688 
Dues & Subscriptions57,629 60,768 
Repairs and Maintenance2,178 — 
Office Supplies— 852 
Telephone1,074 1,783 
Utilities12,040 12,992 
Depreciation & Amortization83,649 78,827 
Bank charges6,050 5,850 
Public Co Fees658,125 542,243 
Other72,506 36,899 
Total selling, general, and administrative expense4,889,331 5,075,902 
Research and development expense:
Employee compensation and benefits655,634 478,170 
Consultants152,975 152,130 
Rent1,047 — 
License fees86,075 137,312 
Legal390,178 98,621 
IT Expense267,002 7,920 
Travel10,266 5,653 
Office Meal and Employee Reimbursement2,973 1,646 
Dues & Subscriptions4,293 — 
Repairs and Maintenance4,826 1,162 
Depreciation & Amortization29,031 — 
Bank charges1,718 1,158 
Total research and development expense1,606,018 883,772 
Total other income (expense), net240,514 (1,291,987)
Income tax expense— — 
Net loss$(5,603,683)$(6,878,601)
The following table summarizes the Company’s intangible assets and property, plant and equipment in different geographic locations:
March 31,
2026		December 31,
2025
United States$1,436,360 $1,648,916 
United Kingdom— 84 
Denmark114,392 131,149 
$1,550,753 $1,780,149