v3.26.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Net revenues        
Spirits & wine revenues $ 5,404,448 $ 5,455,110 $ 9,390,882 $ 9,614,886
Other revenues 188,296 49,722 351,205 230,489
Total net revenues 5,592,744 5,504,832 9,742,087 9,845,375
Cost of net revenues        
Cost of spirits & wine revenues 3,558,488 3,344,070 6,367,880 6,130,937
Cost of other revenues 538,707 16,209 805,716 355,126
Total cost of net revenues 4,097,195 3,360,279 7,173,596 6,486,063
Gross profit 1,495,549 2,144,553 2,568,491 3,359,312
Operating expenses        
Sales and marketing 1,059,877 976,375 2,027,354 1,969,780
General and administrative 6,054,188 1,917,192 8,570,993 4,035,292
Impairment loss 339,283 0 449,685 0
Total operating expenses 7,453,348 2,893,567 11,048,032 6,005,072
Loss from operations (5,957,799) (749,014) (8,479,541) (2,645,760)
Other income (expense)        
Interest income 0 27,752 3,709 34,235
Interest expense (1,337,046) (491,992) (1,791,902) (2,036,252)
Change in fair value of derivative liabilities 236,969 0 187,753 0
Change in fair value of SAFEs (10,635) 0 (21,062) 0
Other income (expense), net (480,704) (52,169) (489,779) (337,267)
Total other income (expense) (1,591,416) (516,409) (2,111,281) (2,339,284)
Net loss (7,549,215) (1,265,423) (10,590,822) (4,985,044)
Net loss attributable to noncontrolling interest (74,938) (28,840) (80,841) (91,419)
Net loss attributable to parent (7,474,277) (1,236,583) (10,509,981) (4,893,625)
Foreign currency translation adjustment 0 0 0 0
Total comprehensive loss $ (7,474,277) $ (1,236,583) $ (10,509,981) $ (4,893,625)
Weighted average common shares outstanding — basic 10,764,492 3,115,656 7,139,009 3,073,828
Weighted average common shares outstanding — diluted 10,764,492 3,115,656 7,139,009 3,073,828
Net loss per common share — basic $ (0.69) $ (0.4) $ (1.47) $ (1.59)
Net loss per common share — diluted $ (0.69) $ (0.4) $ (1.47) $ (1.59)