v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS        
Revenues $ 7,925,601 $ 10,525,123 $ 14,709,670 $ 17,525,128
Cost of revenues 7,342,304 7,687,578 13,016,906 12,315,853
Gross profit 583,297 2,837,545 1,692,764 5,209,275
Operating expenses:        
General and administrative 1,610,257 842,951 2,942,226 1,393,546
Salaries and benefits 4,224,359 1,364,506 10,104,153 2,365,061
Professional fees 1,089,554 536,869 2,370,685 918,905
Gain on sale or disposal of property, plant and equipment, net     (1,900) (500)
Other operating expenses 640,027 73,212 775,695 154,264
Total operating expenses 7,564,197 2,817,538 16,190,859 4,831,276
Income (loss) from operations (6,980,900) 20,007 (14,498,095) 377,999
Other income (expense), net:        
Interest and investment income 425,612 154,770 753,900 322,156
Unrealized gain on investment in equity securities 6,786,253 0 2,724,823 0
Other miscellaneous income (expense), net (64,161) 6,778 (92,188) 27,924
Total other income (expense), net 7,147,704 161,548 3,386,535 350,080
Income (loss) before income taxes and equity in loss of joint venture 166,804 181,555 (11,111,560) 728,079
Income tax expense 0   0  
Income (loss) before equity in losses of joint venture 166,804 181,555 (11,111,560) 728,079
Equity in losses of joint venture (56,514)   (72,640)  
Net income (loss) 110,290 181,555 (11,184,200) 728,079
Preferred dividends (1,875) (1,875) (3,750) (3,750)
Net income (loss) available to common shareholders $ 108,415 $ 179,680 $ (11,187,950) $ 724,329
Net income (loss) per share:        
Basic (in dollars per share)     $ (0.08) $ 0.01
Diluted (in dollars per share)     $ (0.08) $ 0.01
Weighted average shares outstanding:        
Basic (in shares) 146,607,277 118,261,366 144,123,564 115,994,982
Diluted (in shares) 151,754,172 127,223,435 144,123,564 124,343,635