v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Cash flows from operating activities:              
Net loss $ (4,039,567) $ (2,561,786) $ (5,290,414) $ (10,248,486) $ (6,601,353) $ (15,538,900)  
Adjustments to reconcile net loss to net cash used in operating activities:              
Stock compensation expenses         652,555 1,284,777  
Stock-based compensation - business combination related         0 9,250,000  
Amortization of debt discount         1,187 213,036  
Depreciation of property and equipment         0 3,489  
Amortization of software development costs         0 17,083  
Loss on debt settlement, net 1,930,427   907,983   1,930,427 766,330  
Finance expense         0 100,000  
Changes in assets and liabilities:              
Accounts receivable, net and other receivables         (1,010,583) (1,478,433)  
Prepaid expenses and other current assets         (61,498) 45,204  
Accounts payable and accrued liabilities         (1,221,050) (738,998)  
Accrued compensation and benefits         (111,386) (17,042)  
Accrued interest payable         247,525 (209,668)  
Net cash used in operating activities         (6,174,176) (6,303,122)  
Cash flows from investing activities:              
Net cash acquired on business combination         208,014 34,983  
Capitalized software development costs         (192,000) (174,000)  
Cash withdrawn from Trust Account in connection with redemption         0 1,001,216  
Release of Trust Account to Company's bank account         0 833,324  
Net cash provided by investing activities         16,014 1,695,523  
Cash flows from financing activities:              
Proceeds from exercise of warrants         167 3,664,671  
Redemption of common stock subject to redemption         0 (1,001,216)  
Proceeds from capital raise         3,288,138 265,504  
Repayments of revolving line of credit         (512,091) (12,900)  
Repayment of bank borrowings         0 (155,114)  
Proceeds from convertible notes payable     2,000,000.0 386,500 0 2,376,500  
Repayments of notes payable         0 (70,000)  
Net cash provided by financing activities         2,776,214 5,580,645  
Net (decrease)/increase in cash and cash equivalents         (3,381,948) 973,046  
Cash and cash equivalents, beginning of period   $ 5,255,235   $ 40,790 5,255,235 40,790 $ 40,790
Cash and cash equivalents, end of period $ 1,873,287   $ 1,013,836   1,873,287 1,013,836 $ 5,255,235
Nonrelated Party              
Cash flows from financing activities:              
Proceeds from notes payable         $ 0 $ 513,200