v3.26.1
Business Combinations (Details) - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Aug. 01, 2025
Dec. 31, 2023
Dec. 30, 2023
Purchase price consideration   $ 34,513,000   $ 34,513,000     $ 34,513,000        
Issuance of common stock pursuant to business combination             12,880,000        
Contingent consideration $ 40,753,000 34,839,000 $ 40,753,000 34,839,000     34,839,000    
Recognition of deferred tax liability   2,238,000   2,238,000     2,238,000        
Goodwill recognized 39,612,000 41,437,559 39,612,000 41,437,559   41,437,559      
Total revenues     328,512,000 21,839,868,000 21,839,868      
Net income 9,405,000 918,355 (9,405,000) 918,355,000 $ (660,000) $ (3,270,544,000) 1,050,906 $ (3,270,544)      
42 Telecom [Member]                      
Purchase price consideration 20,000,000 20,000,000 20,000,000 20,000,000     20,000,000   $ 20,000,000    
Issuance of common stock pursuant to business combination     12,880,000                
Goodwill 12,520,000 12,519,695 12,520,000 12,519,695     12,519,695        
Intangible assets 3,268,000 9,500,000 3,268,000 9,500,000     9,500,000        
Excess of consideration transferred over fair value of net identifiable assets acquired   9,251,270   9,251,270     9,251,270        
Recognition of deferred tax liability   (3,268,425)   (3,268,425)     (3,268,425)   3,268,000    
Measurement period adjustment             690,870        
Goodwill, Other Increase             3,268,425        
Total revenues             21,839,868        
Net income             1,211,954        
42 Telecom [Member] | Developed Technology Rights [Member]                      
Intangible assets   5,800,000   5,800,000     5,800,000   5,800,000    
42 Telecom [Member] | Customer Relationships [Member]                      
Intangible assets   3,100,000   3,100,000     3,100,000   3,100,000    
42 Telecom [Member] | Trade Names [Member]                      
Intangible assets   600,000   600,000     600,000   $ 600,000    
Telvantis [Member]                      
Purchase price consideration 34,513,000 34,513,000 34,513,000 34,513,000     34,513,000        
Issuance of common stock pursuant to business combination     3,407,000       3,407,250 [1]        
Goodwill 35,487,000 35,486,899 35,487,000 35,486,899     35,486,899        
Intangible assets 2,238,000 2,238,117 2,238,000 2,238,117     2,238,117        
Excess of consideration transferred over fair value of net identifiable assets acquired   (33,248,782)   (33,248,782)     (33,248,782)        
Recognition of deferred tax liability   (2,238,117)   (2,238,117)     (2,238,117)        
Goodwill, Other Increase             2,238,117        
Temporary difference between the fair values assigned to identifiable intangible assets   13,800,000   13,800,000     13,800,000        
Telvantis [Member] | Customer Relationships [Member]                      
Intangible assets   10,700,000   10,700,000     10,700,000        
Telvantis [Member] | Trade Names [Member]                      
Intangible assets   3,100,000   3,100,000     3,100,000        
Goodwill [Member]                      
Goodwill recognized   13,210,565   13,210,565     13,210,565        
42 Telecom [Member]                      
Contingent consideration 7,120,000   7,120,000                
Telvantis [Member]                      
Contingent consideration $ 31,106,000 $ 31,105,750 [2] $ 31,106,000 $ 31,105,750 [2]     $ 31,105,750 [2]        
[1] Represents the fair value of 8,000,000 shares of the Company’s common stock issued to Heritage Ventures Ltd. at closing on August 1, 2025. The shares had a marketable value of $18,400,000 based on the closing market price of $2.30 per share on the acquisition date. The fair value was adjusted to $12,880,000 to reflect a 30% discount for lack of marketability, using a Black-Scholes put option model, reflecting the 12-month lock-up period and subsequent 10-month trickle-out release restrictions applicable to the shares under the Exchange Agreement.
[2] Represents the acquisition-date fair value of contingent consideration consisting of two components. First, up to 1,000,000 bonus shares of the Company’s common stock are issuable to Heritage Ventures Ltd. contingent upon 42 Telecom achieving a consolidated net profit threshold of $1,000,000 for the year ended December 31, 2025, with pro-rata releases of 1,000,000 shares for each $1,000,000 of net profit above the threshold. Second additional shares are issuable to satisfy a $30,000,000 minimum valuation guarantee measured 9 months from the audit completion date of 42 Telecom, with additional shares issued to the extent the aggregate 30-day VWAP of all shares issued in the transaction falls below the guaranteed amount. The acquisition-date fair value of each component was determined using a risk-neutral Monte Carlo simulation incorporating the Company’s projected financial results, applicable volatility assumptions, and a 30% discount for lack of marketability determined using a Black-Scholes put option model, reflecting the lock-up and trickle-out release restrictions applicable to the shares. The aggregate acquisition-date fair value of both components was determined $7,120,000 using a risk-neutral Monte Carlo simulation of projected FCCN share prices, incorporating an equity volatility factor of 90% and applicable risk-free and corporate bond discount rates to reflect counterparty risk. The contingent consideration is classified as a liability and remeasured at fair value at each reporting date with changes in fair value recognized in the consolidated statements of operations. See Note 4 — Fair Value Measurements for the remeasured fair value as of December 31, 2025. The following table summarizes the provisional purchase price allocation to the identifiable assets acquired and liabilities assumed from the acquisition of 42 Telecom as of August 1, 2025: