v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Dec. 31, 2024
Current assets      
Cash and cash equivalents $ 329,084 $ 154,937 $ 407,182
Restricted cash 4,295 5,824
Accounts receivable 1,711,635 24,550,762
Related party receivables 739,917 739,917  
Other receivable 950,000 1,076,080  
Inventory, net 7,361,147 337,971
Other current assets 1,490,405 784,645 62,419
Total current assets 12,582,188 27,648,607 1,425,425
Security Deposit 800,000 1,500,000 1,500,000
Property, plant and equipment 407,648,007 390,323,968 351,702,307
TOTAL ASSETS 421,030,195 419,472,575 354,627,732
Current liabilities      
Accounts payable 42,064,158 48,122,947  
Accounts payable 40,277,568 8,474,052
Related party payable 16,701,982 38,932,248
Professional fees payable   10,542,379
Loans payable to related party 356,427 593,231 2,350,000
Notes payable, current portion 124,245,105 121,915,613 110,304,484
Warrant liabilities 7,097,326 751,800
Accrued expenses and other current liabilities 58,231,865 20,364,663
Accrued expenses and other current liabilities 77,171,082 60,928,865  
Total current liabilities 250,934,098 249,014,438 180,425,447
Financial liability, net of closing costs 132,825,754 132,806,188 132,767,058
TOTAL LIABILITIES 383,759,852 381,820,626 313,192,505
Commitments and contingencies (Note 11)
STOCKHOLDERS’ EQUITY      
Preferred stock; $0.0001 par value, 50,000,000 shares authorized; none issued and outstanding as of December 31, 2025, and 2024, respectively
Common Stock; $0.0001 par value, 500,000,000 shares authorized; 206,473,533 and 140,227,818 shares issued and outstanding as of December 31, 2025, and 2024, respectively 39,452 20,646 140,228
Additional paid-in capital 85,902,009 54,356,988 70,313,190
Accumulated deficit (48,671,118) (16,725,685) (29,018,191)
TOTAL STOCKHOLDERS’ EQUITY 37,270,343 37,651,949 41,435,227
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 421,030,195 419,472,575 354,627,732
Related Party [Member]      
Current assets      
Other receivable   739,917  
Nonrelated Party [Member]      
Current assets      
Other receivable   $ 1,076,080 $ 950,000