v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash $ 540,264 $ 3,480,151
Prepaid expenses and other current assets 264,269 573,834
Deferred transaction costs 104,291 25,000
Total current assets 908,824 4,078,985
Property and equipment, net 1,782,505 1,757,271
Capital project costs 5,484,180 5,354,493
Investment in equity securities 28,802 37,374
Right of use asset, net 157,444
Other long-term assets 692,904 547,169
Total assets 9,054,659 11,775,292
Current liabilities    
Accounts payable 8,719,997 8,305,096
Accrued liabilities and other current liabilities 4,088,736 4,836,999
Current portion of early exercised shares option liability 925 1,122
Current portion of convertible note 2,029,935 933,022
Current portion of lease liability 90,527
Short-term loans 205,403
Total current liabilities 14,930,120 14,281,642
Warrant liability 1,157,818 1,042,036
Earnout liability 4,700 4,700
Convertible note 1,135,780 2,259,984
Lease liability 66,917
Early exercised shares option liability 184 613
Total liabilities 17,295,519 17,588,975
Commitments and contingencies (Note 3)
Stockholders’ equity (deficit)    
Preferred stock, $0.0001 par value, 100,000,000 shares authorized, Nil shares issued and outstanding as at June 30, 2026, and December 31, 2025
Common stock, $0.0001 par value, 700,000,000 shares authorized, 11,628,657 and 9,869,558 shares issued and outstanding as at June 30, 2026, and December 31, 2025, respectively 1,152 975
Additional paid-in capital 69,238,158 62,527,926
Accumulated deficit (77,480,170) (68,342,584)
Total stockholders’ deficit (8,240,860) (5,813,683)
Total liabilities and stockholders’ deficit $ 9,054,659 $ 11,775,292