v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 25,289,260 $ 9,283,566
Accounts receivable 95,580  
Receivable from sale of common stock 4,625,269  
UAV deployment program advance payment 1,845,000  
Prepaid expenses and other current assets 1,137,379 115,473
Total current assets 32,992,488 9,399,039
Property and equipment, net 470,586 227,908
Operating lease right-of-use asset 99,610 131,184
Intangible assets 97,668  
Deferred offering costs   471,719
Other assets 275,333 106,830
Total assets 33,935,685 10,336,680
Current liabilities:    
Accounts payable 204,803 223,236
Accrued expenses and other current liabilities 1,329,493 680,782
Grant advance 178,381 189,200
Deferred revenue 107,121 23,272
Operating lease liability - current 73,453 70,703
Advances received under combined arrangement 793,092  
Total current liabilities 2,686,343 1,187,193
Operating lease liability - non-current 38,757 76,273
Total liabilities 2,725,100 1,263,466
Convertible preferred stock, par value $0.00001 per share:    
Series A preferred stock: no shares authorized, issued or outstanding as of June 30, 2026; 4,358,597 shares authorized and 3,661,083 shares issued and outstanding as of December 31, 2025   19,013,673
Commitments and contingencies (Note 10)
Shareholders' equity (deficit)    
Preferred stock, $0.00001 par value; 10,000,000 shares authorized and no shares issued and outstanding as of June 30, 2026; no shares authorized, issued or outstanding as of December 31, 2025
Common stock, $0.00001 par value; 200,000,000 and 25,000,000 shares authorized as of June 30, 2026 and December 31, 2025, respectively; 11,608,117 and 1,410,975 shares issued as of June 30, 2026 and December 31, 2025, respectively; and 11,284,769 and 911,255 shares outstanding as of June 30, 2026 and December 31, 2025, respectively 113 10
Additional paid-in capital 53,397,926 663,514
Accumulated other comprehensive income (loss) 195,502 (4,900)
Accumulated deficit (22,382,956) (10,599,083)
Total shareholders' equity (deficit) 31,210,585 (9,940,459)
Total liabilities, convertible preferred stock and shareholders' equity (deficit) $ 33,935,685 $ 10,336,680