v3.26.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 102,185,333 $ 63,101,704
Accounts receivable and contract assets, net 8,128,817 2,291,669
Deferred transaction costs 2,135,079 0
Prepaid and other current assets 646,981 0
Total current assets 113,096,210 65,393,373
Property and equipment, net 31,375,038 12,627,624
Investment in Joint Venture 2,481,829 1,130,170
TOTAL ASSETS 146,953,077 79,151,167
CURRENT LIABILITIES:    
Accounts payable 4,567,617 2,082,547
Accrued and other liabilities 148,148 354,601
Deferred revenue 4,031,783 1,076,531
Total current liabilities 8,747,548 3,513,679
Asset retirement obligations 795,254 753,223
TOTAL LIABILITIES 9,542,802 4,266,902
Commitments and contingencies
Mezzanine equity:    
Redeemable preferred stock 214,999,997 144,999,977
Stockholders’ Deficit:    
Additional paid-in capital 5,680,085 2,021,359
Accumulated deficit (83,270,087) (72,137,351)
Total Stockholders’ Deficit (77,589,722) (70,115,712)
Total Liabilities, Mezzanine Equity, and Stockholders’ Deficit 146,953,077 79,151,167
Common Stock    
Stockholders’ Deficit:    
Common stock, value, issued 0 0
Common Class A    
Stockholders’ Deficit:    
Common stock, value, issued [1] 145 145
Common Class B    
Stockholders’ Deficit:    
Common stock, value, issued [1] $ 135 $ 135
[1]
(1) All share amounts above have been retrospectively adjusted to reflect the 2-for-1 stock split effected July 6, 2026. See Note 1.