PARENT COMPANY EQUITY HELD AT COST	6 Months Ended
Jun. 30, 2026
Investments, All Other Investments [Abstract]
PARENT COMPANY EQUITY HELD AT COST	NOTE 15 — PARENT COMPANY EQUITY HELD AT COST In January 2026, the Company established an entrusted investment arrangement with GKA, acting as fiduciary, to indirectly acquire equity securities of FFAI, the Company’s majority stockholder. The transaction was completed through staged agreement executions and fund contributions, with final closing occurring on April 15, 2026. On January 30, 2026, the Company entered into the initial entrusted investment agreement with GKA and remitted $10.0 million in initial prepaid investment funds, which were designated for subscription to FFAI equity securities. On April 10, 2026, the parties executed an amendment to the entrusted investment agreement, pursuant to which the Company advanced an additional $2.0 million in short-term bridge funding to FFAI through GKA, with interest accruing from the advance date through closing. At the April 15, 2026, closing, the $10.0 million initial prepaid principal, the $2.0 million additional bridge principal, and $2,192 of accrued bridge loan interest were collectively applied toward the $12,002,192 aggregate subscription amount under the amended and restated securities purchase agreement, in exchange for 1,926,337 shares of FFAI Class A common stock and 11,502 shares of FFAI Series C Convertible Preferred Stock. FFAI also issued GKA a four-year stock purchase warrant (“FFAI warrant”), which entitles the registered holder to acquire up to 1,000,000 shares of Class A common stock at an exercise price of $1.50 per share. The FFAI warrant becomes exercisable only after FFAI completes delivery of its 500th FX Super One vehicle, and is subject to the stated ownership and Nasdaq issuance limitations. Management evaluated the FFAI warrant and concluded that it does not represent a separately recognizable unit of account and that no portion of the aggregate subscription price is required to be allocated to the FFAI warrant, based on the FFAI warrant is held by GKA as fiduciary on behalf of AIxC as part of the entrusted investment and is an integral component of the parent-directed transaction accounted for as contra-equity. As of June 30, 2026, the total carrying value of the Company’s indirect investment in FFAI’s common and preferred shares was $12,002,192. At closing, the Company recorded the full aggregate subscription amount into parent company equity held at cost, a contra-equity account measured at historical cost and no separate accounting entry is recorded for the FFAI warrant. This accounting treatment applies uniformly to both the FFAI Class A common stock and Series C Convertible Preferred Stock, with no subsequent fair value remeasurement recognized in the condensed consolidated financial statements as of June 30, 2026.

PARENT COMPANY EQUITY HELD AT COST

6 Months Ended

Jun. 30, 2026

Investments, All Other Investments [Abstract]

NOTE 15 — PARENT COMPANY EQUITY HELD AT COST

In January 2026, the Company established an entrusted investment arrangement with GKA, acting as fiduciary, to indirectly acquire equity securities of FFAI, the Company’s majority stockholder. The transaction was completed through staged agreement executions and fund contributions, with final closing occurring on April 15, 2026.

On January 30, 2026, the Company entered into the initial entrusted investment agreement with GKA and remitted $10.0 million in initial prepaid investment funds, which were designated for subscription to FFAI equity securities. On April 10, 2026, the parties executed an amendment to the entrusted investment agreement, pursuant to which the Company advanced an additional $2.0 million in short-term bridge funding to FFAI through GKA, with interest accruing from the advance date through closing. At the April 15, 2026, closing, the $10.0 million initial prepaid principal, the $2.0 million additional bridge principal, and $2,192 of accrued bridge loan interest were collectively applied toward the $12,002,192 aggregate subscription amount under the amended and restated securities purchase agreement, in exchange for 1,926,337 shares of FFAI Class A common stock and 11,502 shares of FFAI Series C Convertible Preferred Stock. FFAI also issued GKA a four-year stock purchase warrant (“FFAI warrant”), which entitles the registered holder to acquire up to 1,000,000 shares of Class A common stock at an exercise price of $1.50 per share. The FFAI warrant becomes exercisable only after FFAI completes delivery of its 500th FX Super One vehicle, and is subject to the stated ownership and Nasdaq issuance limitations. Management evaluated the FFAI warrant and concluded that it does not represent a separately recognizable unit of account and that no portion of the aggregate subscription price is required to be allocated to the FFAI warrant, based on the FFAI warrant is held by GKA as fiduciary on behalf of AIxC as part of the entrusted investment and is an integral component of the parent-directed transaction accounted for as contra-equity.

As of June 30, 2026, the total carrying value of the Company’s indirect investment in FFAI’s common and preferred shares was $12,002,192. At closing, the Company recorded the full aggregate subscription amount into parent company equity held at cost, a contra-equity account measured at historical cost and no separate accounting entry is recorded for the FFAI warrant. This accounting treatment applies uniformly to both the FFAI Class A common stock and Series C Convertible Preferred Stock, with no subsequent fair value remeasurement recognized in the condensed consolidated financial statements as of June 30, 2026.