v3.26.1
Accrued Expenses and Other Current Liabilities
 6 Months Ended
Jun. 30, 2026
Accrued Expenses and Other Current Liabilities [Abstract]  
Accrued Expenses and Other Current Liabilities

Note 5 – Accrued Expenses and Other Current Liabilities

 

   June 30,
2026		   December 31,
2025		 
Accrued transaction costs due to Sponsor  $1,000,000   $1,000,000 
Accrued default interest on notes payable   335,908    
—
 
Accrued vendor and supplier invoices   293,798    548,945 
Other taxes payable   
—
    330,945 
Other   234,265    11,584 
Total accrued expenses and other current liabilities  $1,863,971   $1,891,474 

 

Accrued default interest on notes payable as of June 30, 2026 was comprised of $186,642 on the September 2025 Note Payable, $106,849 on the Assumed Note Payable, and $42,417 on the Sponsor Note Payable and the Assumed Sponsor Note Payable combined (see Notes 6 and 7). No default interest was accrued as of December 31, 2025; the Company concluded that the amount that would have been accrued at year-end was de minimis under the Securities and Exchange Commission’s Staff Accounting Bulletin No. 99 (“SAB 99”) guidance and was not recorded.