| Schedule of Impact on Stockholders’ Equity |
The following table presents the impact on stockholders’ equity:
| | | Additional
Paid-in
Capital | | | Accumulated
Deficit | | | Stock
Subscription
Receivable | | | Total Stockholders’
Equity
(Deficit) | | | | | | | | | | | | | | | | | Balance at January 1, 2025 (as previously reported) | | $ | 93,045,581 | | | $ | (115,880,509 | ) | | $ | (80,241 | ) | | $ | (22,902,000 | ) | | Correction of prior-period error – warrant remeasurement | | | 5,735,883 | | | | (5,735,883 | ) | | | — | | | | — | | | Correction of prior-period error – Issuance of FPA shares | | | 3,124,379 | | | | (752,147 | ) | | | (2,372,232 | ) | | | — | | | Correction of prior-period error – FPA subscription receivable discount | | | 93,113 | | | | — | | | | (93,113 | ) | | | — | | | Balance at January 1, 2025 (as restated) | | | 101,998,956 | | | | (122,368,539 | ) | | | (2,545,586 | ) | | | (22,902,000 | ) | | Net income | | | — | | | | 9,194,630 | | | | — | | | | 9,194,630 | | | Balance at March 31, 2025 | | | 103,535,931 | | | | (113,173,909 | ) | | | (2,545,586 | ) | | | (12,183,292 | ) | | Net loss | | | — | | | | (2,113,859 | ) | | | — | | | | (2,113,859 | ) | | Balance at June 30, 2025 | | | 103,738,980 | | | | (115,287,768 | ) | | | (2,545,586 | ) | | | (14,094,102 | ) |
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