v3.26.1
UNAUDITED CONDENSED CONSOLIDATED INTERIM 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
Operating expenses            
Selling, general and administrative $ 6,448,238 $ 1,990,805 $ 10,423,430 $ 3,614,879    
Research and development 1,918 186,513 85,181 441,992 $ 1,027,203 $ 0
Impairment of aircraft deposits 5,150,000 0 5,150,000 0    
Advertising and promotion         1,436,875 183,790
Bank and interest charges         17,574 5,607
Business development 102,089 582,125 246,104 762,125 1,841,982 360,000
Consulting fees         4,263,195 998,364
Contract labor and fuel         1,387,747 403,800
Depreciation 99,364 5,081 187,952 10,161 36,408 15,319
Directors' fees         168,000 164,000
Franchise tax         84,892 0
Insurance 234,800 22,641 440,554 43,798 197,107 87,372
Licenses         475 620
Listing fees         37,202 292,293
Management fees         707,507 232,000
Office and administrative         286,033 166,196
Professional fees 1,084,592 138,729 1,509,486 262,143 2,521,680 786,338
Relocation costs         51,723 0
Rent expense         542,879 294,611
Repairs and maintenance         36,909 44,504
Travel and entertainment         609,376 231,207
Vehicle         79,165 35,062
Total operating expenses (11,600,156) (2,177,318) (15,658,611) (4,056,871) (15,333,932) (4,301,083)
Other income (expense)            
Interest income 43,583 25,718 71,880 57,071 153,020 66,323
Realized and unrealized gain on short-term investments 74,465 13,628 196,956 25,050 70,575 12,355
Flight training income 0 266,240 0 354,140    
Amortization of debt discount 0 (121,914) 0 (238,981) (500,937) (1,777,505)
Change in fair value of derivative liability 0 155,899 0 (548,763) (970,866) (1,642,697)
Interest expense 0 (152,132) 0 (270,542) (555,985) (486,669)
Loss to misappropriation of assets 0 0 (395,033) 0    
Other 23,901 55,452 57,470 91,362 516,640 234,900
Grant income         163,723 0
Loss on disposal of property, plant, and equipment     (4,603) 0    
Exchange loss         (14,215) (2,046)
Write-off of other receivable         (1,064) 0
Total other income (expense) 141,949 242,891 (68,727) (530,663) (1,209,684) (3,607,694)
Net loss before taxes         (16,543,616) (7,908,777)
Income tax expense (benefit)         0 0
Net loss $ (11,458,207) $ (1,934,427) $ (15,727,338) $ (4,587,534) $ (16,543,616) $ (7,908,777)
Weighted average number of shares            
Weighted average number of shares - Basic 47,009,903 21,000,436 45,532,723 20,338,412 21,659,714 17,183,830
Weighted average number of shares - diluted 47,009,903 21,000,436 45,532,723 20,338,412 21,659,714 17,183,830
Net loss per share            
Net loss per share - Basic $ (0.24) $ (0.09) $ (0.35) $ (0.23) $ (0.76) $ (0.46)
Net loss per share - diluted $ (0.24) $ (0.09) $ (0.35) $ (0.23) $ (0.76) $ (0.46)