Commitments and Contingencies |
6 Months Ended | ||
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Jun. 30, 2026 | |||
| Commitments and Contingencies Disclosure [Abstract] | |||
| Commitments and Contingencies |
Legal Proceedings
Igala Commonwealth Inc. (“Igala”) has asserted a claim against the Company that, if successful, could result in the issuance of approximately 12,800,000 shares of common stock pursuant to a previously asserted contractual right. Management, in consultation with counsel, has evaluated the claim and believes the Company has meritorious defenses. As of June 30, 2026, no liability has been accrued because the loss is neither probable nor reasonably estimable. The Company will continue to monitor the matter and adjust its disclosures and accruals if and when developments warrant.
From time to time, the Company may become subject to other legal proceedings, claims, and litigation arising in the ordinary course of business. Other than the matter described above, the Company is not currently a party to any other material legal proceedings the resolution of which would have a material adverse effect on its consolidated financial position, results of operations or cash flows.
Other Commitments
Other than the lease and license arrangements described in Note 10 and the related party arrangements described in Note 4, the Company has no other material commitments at June 30, 2026.
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