v3.26.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities:    
Net loss $ (8,775,295) $ (7,835,939)
Adjustment to reconcile net loss to cash used in operating activities:    
Accretion of asset retirement obligation 1,103,000 871,000
Loss on extinguishment of debt 875,609
Depreciation 36,404 17,977
Non-Cash Interest Expense 458,619
Change in fair value of liabilities (2,910,316) 1,955,000
Stock-based compensation expense 473,170 362,093
Changes in operating assets and liabilities:    
Prepaid expenses and other current assets (1,495,369) (125,529)
Other receivables (267,383) (7,481)
Other assets (55,330)
Accounts receivable – related party (318,801) (90,499)
Accounts payable 1,545,094 664,371
Accounts payable – related party 1,663,440 (1,313,336)
Accrued expenses and other liabilities 2,479,286 544,712
Token liability 24,245
Net cash used in operating activities (5,622,246) (4,499,012)
Cash Flows from Investing Activities:    
Purchase of fixed assets (2,798)
Net cash used in investing activities (2,798)
Cash Flows from Financing Activities:    
Proceeds from convertible notes 4,900,000 1,823,243
Repayment of principal in cash (182,251)
Proceeds from Business Combination 13,264
Issuance of Ordinary Shares 657,722 2,870,496
Net cash provided by financing activities 5,375,471 4,707,003
Effect of exchange rate changes on cash and cash equivalents 158,974 (68,051)
Net (decrease) increase in cash (87,801) 137,142
Cash, beginning of period 679,442 170,557
Cash, end of period 591,641 307,699
Supplemental cash flow information:    
Interest paid 36,406
Taxes paid
Noncash investing and financing activities:    
Accounts payable, accrued liabilities and other current liabilities combined 3,013,837
Convertible notes payable combined 770,000
Non-cash issuance of warrants 149,695  
Conversion of convertible notes and loans into ordinary shares, including accrued interest 4,925,671
Warrant liabilities combined $ 230,000