v3.26.1
STOCKHOLDERS’ EQUITY (Tables)
6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
SCHEDULE OF WARRANT ACTIVITY

Warrant activity for the six months ended June 30, 2026 was as follows: 

 

  

Number of

Warrants

  

Weighted Average

Exercise Price

 
         
Balance, December 31, 2025   3,882,755   $0.08 
Issued        
Expired or rescinded   (283)    
Exercised   (90,962)   0.08 
Balance, June 30, 2026   3,791,510   $0.08 
SCHEDULE OF EARNINGS PER SHARE BASIC AND DILUTED

A reconciliation of the numerator and denominator used in the calculation of basic and diluted net loss per share of Class A common stock is as follows:

 

                 
   Three months ended June 30,   Six months ended June 30, 
(in thousands, except share and per share data)  2026   2025   2026   2025 
Numerator:                    
Net loss  $(24,833)  $(3,215)  $(43,044)  $(7,082)
Less: Net income attributable to non-controlling interests   

        149     
Net loss attributable to Class A common stockholders  $(24,833)  $(3,215)  $(43,193)  $(7,082)
Denominator:                    
Weighted average shares of Class A common stock outstanding   4,097,688    126,277    4,075,852    63,562 
Net loss per share of Class A common stock - basic and diluted  $(6.06)  $(25.46)  $(10.60)  $(111.42)
SCHEDULE OF OUTSTANDING POTENTIALLY DILUTIVE SECURITIES

The following table sets forth the outstanding potentially dilutive securities that have been excluded in the calculation of diluted net loss per share because their inclusion would be anti-dilutive (in common stock equivalent shares):

 

   2026   2025   2026   2025 
   Three Months Ended June 30,   Six Months Ended June 30, 
   2026   2025   2026   2025 
Stock options to purchase common stock   235,000    1    235,000    1 
Warrants to purchase common stock   3,791,510    3,944    3,791,510    3,944