v3.26.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2025
Cash flows from operating activities              
Net loss $ (3,417,785) $ (7,714,951) $ (1,627,935) $ (8,285,791) $ (11,132,736) $ (9,913,724)  
Adjustments to reconcile net loss to net cash flows from operating activities:              
Share-based compensation expense         3,657,502 175,702  
Depreciation expense 400,000       598,881 58,292  
Change in fair value of SAFE Notes liability 0   0   0 7,725,000  
Gain on extinguishment of SAFE Notes 0   0   0 (853,000)  
Changes in operating assets and liabilities:              
Accounts receivable and contract assets, net         (5,837,148) (312,810)  
Prepaid and other current assets         (646,981) (31,250)  
Accounts payable         (367,886) 298,994  
Accrued expenses and other liabilities         (164,420) 66,516  
Deferred revenue         2,955,252 27,212  
Net cash used in operating activities         (10,937,536) (2,759,068)  
Cash flows from investing activities              
Purchases of property and equipment         (17,419,069) (554,743)  
Contributions to equity method investment         (425,931) 0  
Net cash used in investing activities         (17,845,000) (554,743)  
Cash flows from financing activities              
Proceeds from issuance of convertible redeemable preferred shares         70,000,020 0  
Exercise of stock options         1,224 0  
Payment of deferred transaction costs         (2,135,079)  
Proceeds from issuance of Series Seed preferred stock, net of issuance costs         0 7,945,686  
Net cash provided by financing activities         67,866,165 7,945,686  
Net increase in cash and cash equivalents         39,083,629 4,631,875  
Cash and cash equivalents at beginning of period   $ 63,101,704   $ 1,619,817 63,101,704 1,619,817  
Cash and cash equivalents at end of period $ 102,185,333   $ 6,251,692   102,185,333 6,251,692 $ 6,251,692
Supplemental disclosure of cash flow information:              
Cash paid for interest         0 0  
Cash paid for income taxes         0 0 $ 0
Supplemental disclosure of non-cash investing and financing activities:              
Conversion of SAFE Notes into Series Seed-1 Preferred stock         0 32,500,000  
Reclassification of SAFE Notes fair value to mezzanine equity upon conversion         0 32,500,000  
Extinguishment of SAFE Notes (reduction of SAFE liability)         0 1,000,000  
Reclassification of short-term cash advances to Series Seed preferred stock         0 2,494,833  
Investment in joint venture included in accounts payable         925,729 0  
Property and equipment purchases included in accounts payable         $ 1,927,226 $ 44,406