v3.26.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (28,239,343) $ (4,763,689)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 168,509 164,551
Share-based compensation 7,017,129 801,132
Non-cash operating lease expense 90,984 0
Interest expense 0 265,632
Changes in operating assets and liabilities:    
Prepaid expenses (1,202,136) (24,974)
Other current assets 617 (773,998)
Recoverable VAT (1,756,958) (303,374)
Other assets (86,284) 4,116
Accounts payable 3,802,014 59,917
Accrued expenses 1,062,298 (397,249)
Labor obligations 2,424 0
Operating lease liabilities (172,817) 0
Accounts payable to related party (117,379) (255,834)
Accrued payroll withholding taxes (8,279) (15,748)
Net cash used in operating activities (19,439,221) (5,239,518)
Cash flows from investing activities:    
Additions to property, plant and equipment (91,400) (27,083)
Net cash used in investing activities (91,400) (27,083)
Cash flows from financing activities:    
Proceeds from convertible long-term debt with related parties 0 6,250,000
Issuance of shares 213,030,855 0
Net cash provided by financing activities 213,030,855 6,250,000
Cash:    
Net increase (decrease) for the period 193,500,234 983,399
Beginning of period 10,804,841 978,068
End of period 204,305,075 1,961,467
Non-cash activities:    
Accrued liability for offering costs 5,144,120 0
Operating lease liabilities arising from obtaining right to use asset $ 376,455 $ 58,209