v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Dec. 31, 2024
Income Statement [Abstract]            
Revenue $ 690,881 $ 6,576,232 $ 1,039,569 $ 6,576,232 $ 20,815,955
Cost of sales 414,681 7,811,302 1,075,619 7,811,302 24,586,068
Gross loss 276,200 (1,235,070) (36,050) (1,235,070) (3,770,113)
Operating expenses:            
Operating expenses 1,574,560 2,177,269 5,010,244 3,724,134 7,010,223 2,987,852
General and administrative expenses 913,028 6,487,895 4,883,111 10,270,680 22,385,312 18,186,056
Severance expense 13,200,000 (14,516) 13,200,000 19,162,500
Professional fees 3,544,729 11,277,307 6,178,735 11,853,942 15,559,033
Total operating expenses 6,032,317 33,142,471 16,057,574 39,048,756 64,117,068 21,173,908
Loss from operations (5,756,117) (34,377,541) (16,093,624) (40,283,826) (67,887,181) (21,173,908)
Other income (expense)            
Change in the fair value of note payable (188,371) 4,797,980 (331,229) 4,797,980 4,567,951
Change in the fair value of loans payable related party         (514,709)
Change in fair value of warrants (1,747,324) 206,166,000 (6,311,824) 206,166,000 209,916,200
Loss on issuance of debt     (138,000) (138,000)
Loss on issuance of debt to related party (40,531,000) (40,531,000) (40,531,000)
ELOC commitment fees (7,400,000) (7,400,000) (7,400,000)
Unrealized loss on derivative asset (16,058,628) (16,058,628) (16,156,071)
Realized gain on derivative asset         1,316,827
Interest expense, net (6,549,595) (2,067,970) (9,633,164) (3,566,870) (9,155,274) (2,930,889)
Other income (expense), net 108,389 (260,732) 424,407 (322,748) (13,975)  
Total other income (expense) (8,376,901) 144,645,650 (15,851,810) 143,084,734 141,891,949 (2,930,889)
Net income (loss) $ (14,133,018) $ 110,268,109 $ (31,945,434) $ 102,800,908 $ 74,004,768 $ (24,104,797)
Income (loss) per common share, basic $ (0.04) $ 0.83 $ (0.11) $ 0.84 $ 0.52 [1] [1]
Income (loss) per common share, diluted $ (0.04) $ 0.83 $ (0.11) $ 0.84 $ 0.52 [1] [1]
Weighted average number of common shares outstanding, basic 353,177,339 133,638,081 297,418,437 121,740,904 142,298,067 [1] [1]
Weighted average number of common shares outstanding, diluted 353,177,339 133,638,081 297,418,437 121,740,904 142,298,067 [1] [1]
[1] The historical common equity structure was in the form of membership percentages, and no shares were issued. As such, reporting periods prior to the year ended December 31, 2025 will not present share or per share data.