v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 2,348,104 $ 3,515,881
Accounts receivable, related party 129,389 67,323
Other current assets 436,722 772,616
Total current assets 2,914,215 4,355,820
NON-CURRENT ASSETS    
Investment in unconsolidated entities 7,691,337 8,818,748
Option to purchase equity securities in related party 334,974 334,974
Bismarck exploration license 1,821,251 1,821,251
Property and equipment, net 439,009 474,816
Other non-current assets 34,295 34,295
Total assets 13,235,081 15,839,904
CURRENT LIABILITIES    
Accounts payable 4,968,965 770,750
Accrued expenses 10,330,366 9,846,020
Loans payable, current portion 9,781,952 1,062,356
Total current liabilities 25,081,283 11,679,126
Loans payable 150,000 3,933,042
Warrant liabilities 795,350 12,150,360
Litigation financing 66,800,274 63,287,048
Deferred contract liability 334,974 334,974
Total liabilities 93,161,881 91,384,550
Commitments and contingencies (Note 8)
STOCKHOLDERS' DEFICIT    
Preferred stock - $0.0001 par value; 24,984,166 shares authorized; none issued and outstanding 0 0
Common stock - $0.0001 par value; 75,000,000 shares authorized; 58,691,389 and 55,771,913 issued and outstanding 55,771,913 issued and outstanding 5,869 5,577
Additional paid-in capital 290,738,960 285,869,928
Accumulated deficit (332,486,649) (323,524,208)
Total stockholders' deficit before non-controlling interest (41,741,820) (37,648,703)
Non-controlling interest (38,184,980) (37,895,943)
Total stockholders' deficit (79,926,800) (75,544,646)
Total liabilities and stockholders' deficit $ 13,235,081 $ 15,839,904