v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows From Operating Activities:    
Net loss $ (9,992,876) $ (12,039,697)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock based compensation 197,245 436,692
Depreciation and amortization 1,219,562 2,066,969
Changes in operating assets and liabilities:    
Accounts receivable (42,292) (45,671)
Accounts receivable - related party 525,444 (396,230)
Inventory (114,351)
Contract asset 267,167 353,882
Contract asset - related party (231,549) (60,060)
Prepaid expenses and other assets 658,315 (729,556)
Accounts payable and accrued liabilities (1,216,146) 2,537,168
Accounts payable and accrued liabilities - related party (752,409) 100,857
Contract liability (5,238) (16,192)
Contract liability - related party 247,114 60,060
Changes in operating lease assets and liabilities 15,301 770
Net Cash used in Operating Activities (9,110,362) (7,845,359)
Cash Flows From Investing Activities:    
Purchases for fixed assets and satellite construction (7,334,455) (4,354,130)
Net Cash used in Investing Activities (7,334,455) (4,354,130)
Cash Flows From Financing Activities:    
Proceeds from issuance of common stock units 146,215,182
Proceeds from exercise of warrants 1,786,519 2,381,247
Proceeds from asset-based loan agreement 4,413,239
Repayment of asset-based loan agreement (8,212,186) (3,604,116)
Repayment of notes payable (3,059,767)
Net Cash provided by Financing Activities 139,789,515 130,603
Net change in cash 123,344,698 (12,068,886)
Cash, beginning of period 43,175,996 15,703,579
Cash, end of period 166,520,694 3,634,693
Supplemental cash flow information    
Cash paid for interest 20,235 630,874
Cash paid for taxes
Non-cash Investing and Financing transactions:    
Class A common stock issued for cashless exercise of warrants 33
Conversion of interest and fees of asset based loan 169,870
Recognition of right-of-use asset and lease liability $ 578,769 $ 856,787