v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 329,084 $ 154,937
Restricted cash 4,295
Accounts receivable, net 1,711,635 24,550,762
Related party receivables 739,917 739,917
Other receivable 950,000 1,076,080
Inventory 7,361,147 337,971
Other current assets 1,490,405 784,645
Total current assets 12,582,188 27,648,607
Security deposit 800,000 1,500,000
Property, plant and equipment 407,648,007 390,323,968
TOTAL ASSETS 421,030,195 419,472,575
Current liabilities    
Accounts payable 42,064,158 48,122,947
Related party payable 16,701,982
Loans payable to related party 356,427 593,231
Notes payable, current portion 124,245,105 121,915,613
Warrant liabilities 7,097,326 751,800
Accrued expenses and other current liabilities 77,171,082 60,928,865
Total current liabilities 250,934,098 249,014,438
Financial liability, net of closing costs 132,825,754 132,806,188
TOTAL LIABILITIES 383,759,852 381,820,626
Commitments and contingencies (Note 11)
STOCKHOLDERS’ EQUITY    
Preferred stock; $0.0001 par value, 50,000,000 shares authorized; none issued and outstanding as of June 30, 2026 and December 31, 2025, respectively
Common Stock; $0.0001 par value, 500,000,000 shares authorized; 394,530,494 and 206,473,533 shares issued and outstanding as of June 30, 2026, and December 31, 2025, respectively 39,452 20,646
Additional paid-in capital 85,902,009 54,356,988
Accumulated deficit (48,671,118) (16,725,685)
TOTAL STOCKHOLDERS’ EQUITY 37,270,343 37,651,949
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 421,030,195 $ 419,472,575