The Company computes net loss per share in accordance with ASC 260, Earnings Per Share. Basic net loss per share is calculated by dividing net loss by the weighted-average number of shares outstanding during the period. Diluted net loss per share reflects the potential dilution that would occur if securities or other contracts to issue shares were exercised, converted, or otherwise settled in shares, unless the effect would be anti-dilutive.


	Three Months Ended June 30,				Six Months Ended June 30, 2026		For the period from January 10, 2025 (Inception) through June 30, 2025
	2026		2025


Net loss – basic and diluted	$	(25,806)	$	(6,289)	$	(214,499)	$	(6,367)
Weighted average number of common shares outstanding – basic and diluted	637,325,436		408,977,385		633,603,292		389,091,954



Net loss per common share – basic and diluted	$	(0.04)	$	(0.02)	$	(0.34)	$	(0.02)

The computation of net loss per share for the three and six months ended June 30, 2026, excludes 17.1 million shares underlying restricted stock units because the Company reported a net loss for the periods and the effect of all potentially dilutive securities outstanding as of June 30, 2026, would have been anti-dilutive.

For the three months ended June 30, 2025 and for the period from January 10, 2025 (Inception) through June 30, 2025, 73.5 million potential common units related to the Company’s outstanding convertible debt instruments were excluded from the computation of net loss per share under the “if-converted” method because their effect was anti-dilutive. These potential units relate to the Company’s seed convertible notes and Series A convertible notes, which converted to common stock during the year ended December 31, 2025.