v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 116,085,141 $ 328,466
Contract receivable 115,935,072
Retention receivable 59,491,423
Contract assets 6,561,361
Prepaid expense and other current assets 90,410
Total current assets 298,163,407 328,466
Property and equipment 358,130
Right of use asset - operating lease 789,713 9,471
Goodwill 31,114,193
Deferred tax asset 3,364,077
Deposit 10,000
Total assets 333,799,520 337,937
Current liabilities:    
Accounts payable 218,124,731 32,676
Retention payable 60,616,896
Accrued payroll 1,019,319 570,164
Accrued interest 139,883 133,883
Contract liabilities 12,850,041
Accrued liabilities - related parties 5,558,173 50,000
Operating lease liabilities, current portion 274,369 9,471
Notes payable, current portion 108,169 80,000
Future receivables obligation 3,650,726
Accrued income taxes 783,381
Other current liabilities 298,682 7,511
Total current liabilities 306,468,754 883,705
Operating lease liabilities, net of current portion 515,344
Notes payable, net of current portion 90,642
Total liabilities 307,074,740 883,705
Commitments and Contingencies (See note 15)
Stockholders’ equity (deficit)    
Preferred stock, value
Common stock, par value $0.0001, 250,000,000 shares authorized, 62,560,743 and 56,900,743 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 6,256 5,690
Additional paid-in capital 39,799,461 28,465,847
Accumulated deficit (13,080,937) (29,017,305)
Total stockholders’ equity (deficit) 26,724,780 (545,768)
Total liabilities and stockholders’ equity 333,799,520 337,937
Related Party    
Current liabilities:    
Accrued interest - related party 44,384
Accrued liabilities - related parties 5,558,173 50,000
Note payable - related party 3,000,000
Series A Convertible Preferred Stock    
Stockholders’ equity (deficit)    
Preferred stock, value
Series AA Convertible Preferred Stock    
Stockholders’ equity (deficit)    
Preferred stock, value
Series AAA Convertible Preferred Stock    
Stockholders’ equity (deficit)    
Preferred stock, value
Series AAAA Convertible Preferred Stock    
Stockholders’ equity (deficit)    
Preferred stock, value