v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income (loss) $ (31,945,434) $ 102,800,908
Adjustments to reconcile net income (loss) to net cash flows from operating activities:    
Stock-based compensation expense (benefit) (6,104,584) 1,186,605
Non-cash severance expense (14,516) 13,200,000
Non-employee share-based payments 524,325
Net realizable value adjustments 2,581,874
Change in fair value of notes payable 331,229 (4,797,980)
Change in fair value of loans payable to related party 79,000
Amortization of debt discount 105,747
Loss on issuance of debt to related party 40,531,000
Loss on issuance of debt 138,000
ELOC commitment fee expense 7,400,000
Change in fair value of warrant liabilities 6,311,824 (206,166,000)
Change in fair value of derivative asset 16,058,628
Bad debt expense 1,655,291
Changes in operating assets and liabilities:    
Accounts receivable 21,183,836 (7,364,394)
Related party receivable (65,180)
Inventories (7,023,176) (5,932,599)
Security deposit 700,000
Other current assets (489,199) 191,389
Related party payable 709,318
Accounts payable (4,613,211) 15,241,633
Loans payable to related party
Professional fees payable 4,915,209
Accrued expenses and other current liabilities 8,797,246 10,651,043
Net cash used in operating activities (10,686,369) (8,535,798)
Cash flows from investing activities:    
Cash acquired in Acquisition 220,897
Capital expenditures for construction in progress (6,355,930) (1,474,214)
Net cash used in investing activities (6,355,930) (1,253,317)
Cash flows from financing activities:    
Proceeds from member contributions 4,387,000
Proceeds from borrowing 1,200,000 1,950,000
Proceeds from related party note payable 2,500,000
Payment of GNCU loans (750,000)
Payment of financial liability (900,000)
Proceeds for common stock issued to EEME 11,000,001
Proceeds from note payable 31,917 950,000
ELOC at the market stock sales 2,680,233
Proceeds from issuance of common stock to Brown Stone 3,000,000
Proceeds from issuance of common stock to Roth Capital 362,250
Proceeds from issuance of common stock to Narrow Road 100,000
Proceeds from issuance of common stock to Connective Capital 400,000
Proceeds from issuance of common stock to Intracoastal Capital 100,000
Proceeds from issuance of common stock to Wainwright 22,750  
Capital raise costs (35,000)
Net cash provided by financing activities 17,212,151 9,787,000
Net increase in cash, cash equivalents and restricted cash 169,852 (2,115)
Cash, cash equivalents and restricted cash at beginning of period 159,232 413,006
Cash, cash equivalents and restricted cash at the end of period 329,084 410,891
Supplemental disclosure of cash flow information    
Cash paid for interest 1,741,304
Supplemental disclosure of Non-Cash Investing and Financing Activities:    
Capitalization of debt closing costs to construction in progress 107,650
Issuance of common stock in exchange for members’ equity in Acquisition 1,060,619,510
Assumption of net assets (liabilities) in Acquisition (93,647,521)
Issuance of membership units to settle related party payables 500,000
Assumption of net assets (liabilities) from Business Combination (226,081,466)
Conversion of convertible note payable to related parties into New XCF common stock 100,000,000
Issuance of common stock for ELOC commitment fee 7,400,000
Conversion of non redemption agreement 1,240,000
Interest capitalization on notes payable 4,802,006 5,943,286
Interest capitalization on financial liability 5,445,590 5,306,929
Conversion of miscellaneous notes and payables to equity 917,621
Common stock issued as penalty interest on various notes 1,858,547
Common stock issued to vendor $ 69,335