v3.26.1
Share Capital (Tables)
3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Schedule of mezzanine equity roll forward
          
   Three Months Ended 
   March 31, 2026   March 31, 2025 
Beginning balance (1)  $4,186,991   $ 
Issuances at proceeds/accrued value       10,833,325 
Embedded derivative bifurcation at issuance   (20,805)   (3,127,133)
Preferred return accrual (deemed dividend)   83,325    (7,777)
OID accretion (deemed dividend)   182,330    309,526 
Conversions to Class A common stock   (231,988)   (1,784,246)
Ending balance  $4,199,853   $6,223,695 
           
Shares outstanding at period end   4,961    8,285 
Carrying value per share  $846.57   $751.20 

 

(1) Beginning balance excludes $83 of accrued preferred dividends classified as a current liability on the consolidated balance sheet.

Schedule of assumptions used for option valuation
     
  2026   2025
Expected term (years) 4   4
Expected volatility 48%   48%
Risk-free rate 3.51%   0.51%
Expected dividend yield 0%   0%
Weighted-average grant date fair value per option $0.66   $0.22
Schedule of option activity
Schedule of option activity               
   Number of Options   Exercise Price Range   Weighted-Average Exercise Price 
Options outstanding at December 31, 2025   15,366,571    0.024 - 2.70   $2.00 
Granted   498,000    0.65 – 0.67    0.27 
Canceled   351,051    0.024 - 2.70    2.15 
Exercised   433,750    0.024    0.02 
Options outstanding at March 31, 2026   15,079,770    $0.024 - 6.75   $1.74