v3.26.1
Segment and Geographic Information (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Segment and Geographic Information [Abstract]    
Schedule of Significant Segment Expenses

The following table presents significant segment expenses regularly provided to the CODM and used to assess segment performance for the three and six months ended June 30, 2026 and 2025:

 

   Three Months Ended   Six Months Ended 
   June 30,   June 30, 
   2026   2025   2026   2025 
                 
Revenue  $318,174   $
-
   $646,686   $
-
 
Revenue, related party   104    
-
    104    
-
 
Total revenues   318,278    
-
    646,790    
-
 
Cost of revenue   314,877    
-
    641,199    
-
 
Cost of revenue, related party   121    
-
    121    
-
 
Gross profit   3,280    
-
    5,470    
-
 
                     
Operating expenses:                    
Selling, general and administrative   2,402    451    4,842    1,075 
Wages and benefits   731    36    1,472    72 
Depreciation and amortization   2,004    
-
    3,992    
-
 
Total operating expenses   5,137    487    10,306    1,147 
Loss from operations   (1,857)   (487)   (4,836)   (1,147)
                     
Other income (expense):                    
Interest expense, net   (470)   
-
    (885)   
-
 
Change in FV of contingent consideration   9,886    
-
    3,972    
-
 
Other income   1    
-
    4    
-
 
Total other income   9,417    
-
    3,091    
-
 
Income (loss) before income taxes   7,560    (487)   (1,745)   (1,147)
Income taxes   173    
-
    273    
-
 
Net income (loss)  $7,387   $(487)  $(2,018)  $(1,147)

For the three and six months ended June 30, 2026 and 2025, revenues attributable to operations by geography were as follows:

 

   Three Months Ended   Six Months Ended 
   June 30,   June 30, 
   2026   2025   2026   2025 
Unites States  $313,904   $
-
   $638,403   $
-
 
Malta   4,156    
 
    7,932    
 
 
Sweden   218    
 
    455    
 
 
   $318,278   $
-
   $646,790   $
-
 
The following table presents property, plant and equipment, net by geographic location as of June 30, 2026 and December 31, 2025:
   June 30,   December 31, 
   2026   2025 
Malta  $106   $119 
Sweden   5    7 
   $111   $126 
The following table presents intangible assets, net by geographic location as of June 30, 2026 and December 31, 2025:
   June 30,   December 31, 
   2026   2025 
Europe  $8,230   $8,749 
United States   29,662    32,689 
   $37,892   $41,438 

The following table presents significant segment expenses regularly provided to the CODM and used to assess segment performance for the years ended December 31, 2025 and 2024:

 

   Year Ended 
   December 31, 
   2025   2024 
Revenue  $14,551,774   $
-
 
Revenue, related party   7,288,094    
-
 
Total revenues   21,839,868    
-
 
Cost of revenue   11,652,662    
-
 
Cost of revenue, related party   7,303,516      
Gross profit   2,883,690    
-
 
           
Operating expenses:          
Selling, general and administrative   3,187,054    2,115,924 
Wages and benefits   1,026,034    144,000 
Depreciation and amortization   1,598,742      
Research and development   
-
    745,024 
Total operating expenses   5,811,830    3,004,948 
Loss from operations   (2,928,140)   (3,004,948)
           
Other income (expense):          
Interest expense, net   (5,573)   
-
 
Extinguishment of debt   
-
    (265,596)
Change in FV of contingent consideration   3,387,266      
Other expense   (32,693)   
-
 
Total other income (expense)   3,349,000    (265,596)
Income (loss) before income taxes   420,860    (3,270,544)
Income taxes   (497,495)   
-
 
Net income (loss)  $918,355   $(3,270,544)

For the year ended December 31, 2025 and 2024, revenues attributable to operations by geography were as follows:

 

   Year Ended 
   December 31, 
   2025   2024 
Malta   21,256,026     
Sweden   583,842      
   $21,839,868   $
    -
 
The following table presents property, plant and equipment, net by geographic location as of December 31, 2025 and 2024.
   Year Ended 
   December 31, 
   2025   2024 
Malta   118,886    
-
 
Sweden   7,168    
-
 
   $126,054   $
   -
 
The following table presents Intangibles, net by geographic location as of December 31, 2025 and 2024.
   Year Ended 
   December 31, 
   2025   2024 
Europe   8,748,810    
-
 
United States   32,688,749    
-
 
   $41,437,559   $
    -