v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
OPERATING CASH FLOW    
Net loss $ (5,365,136) $ (5,293,036)
Adjustments to reconcile net loss to operating cash flow    
Amortization of lease asset, related party 290,593 0
Non-cash equity compensation 4,664,000 0
Deferred tax benefit (186,088) 0
Changes in assets and liabilities    
Accrued interest receivable 5,491 0
Prepaid expenses and other current assets 151,811 205,905
Accounts payable (482,351) (42,168)
Payables to related parties (201,751) 3,288,982
Operating lease obligation, related party (190,593) 0
Accrued and other liabilities   (198,372)
Operating cash flow (1,314,024) (2,038,689)
INVESTING CASH FLOW    
Purchases of patents (8,050) 0
Purchases of property and equipment (1,890,000) 0
Investing cash flow (1,898,050) 0
FINANCING CASH FLOW    
Contributions 0 2,025,000
Borrowings on line of credit, related party 1,800,000 0
Financing cash flow 1,800,000 2,025,000
Net decrease in cash and cash equivalents (1,412,074) (13,689)
Cash and cash equivalents, beginning of period 1,576,367 67,607
Cash and cash equivalents, end of period 164,293 53,918
Supplemental disclosure of cash flow information    
Cash paid for interest 0 0
Cash paid for taxes $ 0 $ 0