v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash $ 32,608 $ 213,688
Prepaid expenses 398,782 103,796
Total current assets 431,390 317,484
Deferred financing costs 408,914
Security deposit 5,433
Equipment, net 386,431 407,133
Construction in-process equipment 997,289 987,805
Intangible assets, net 74,914 80,752
Operating lease right-of-use assets 108,979
Total Assets 2,413,350 1,793,174
Current liabilities:    
Accounts payable 2,058,105 1,301,465
Accrued expenses 30,000 29,878
Operating lease liability, current 37,377
Tax liability 912 912
Shortfall payment liability 20,636 20,636
Total current liabilities 13,573,526 13,289,172
Operating lease liability, non-current 71,908
Derivative warrant liabilities 925,000 1,250,000
Total liabilities 14,570,434 14,539,172
Commitments and Contingencies (Note 6)
Stockholders’ Deficit:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; no shares issued and outstanding as of June 30, 2026 and December 31, 2025
Additional paid-in capital 8,294,723 2,599,139
Accumulated deficit (20,452,841) (15,345,956)
Total stockholders’ deficit (12,157,084) (12,745,998)
Total Liabilities and Stockholders’ Deficit 2,413,350 1,793,174
Class A Common Stock    
Stockholders’ Deficit:    
Common stock value 1,028 813
Class B Common Stock    
Stockholders’ Deficit:    
Common stock value 6 6
Related Party    
Current liabilities:    
Accounts payable - related parties 115,113 231,287
Accrued expenses - related parties 1,669,774 1,879,845
Line of credit - related party 8,469,397 9,102,493
Note payable from related parties 400,000 400,000
Accrued interest - related parties $ 772,212 $ 322,656