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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Current Assets:        
Cash and cash equivalents $ 117,521,935 $ 8,162    
Available for sale debt securities (amortized cost $2,488,518; allowance $0) 2,488,000      
Accounts receivable 6,211      
Prepaid expenses and current assets 374,861 9,166    
Rent receivable 173,609      
Total Current Assets 120,564,616 17,328    
Cash held in trust account   21,966,104    
Fixed assets, net 22,753,023      
Goodwill 13,611,688      
Intangible assets, net 4,500,000 0    
Equity investments at fair value - EchoStar Holdings 35,562,030      
Deferred tax asset 1,038,952      
Total Assets 198,030,309 21,983,432    
Current Liabilities:        
Accounts payable 920,895 76,826    
Accrued expenses and other current liabilities 165,129 1,167,011    
Deferred income 228,500      
Working capital loan - related party   400,000    
Extension notes - related party   1,708,426    
Current portion of long-term debt 67,500      
Excise tax payable   639,193    
Total Current Liabilities 1,382,024 3,991,456    
Deferred legal fees   275,000 $ 275,000 $ 275,000
Deferred underwriting fee payable   26,250,000    
Contingent consideration - non-current 5,309,130      
Security Deposit 228,500      
Equity forward liability 0 325,000    
Long term debt 530,752      
Convertible preferred stock liability 199,999,950      
Deferred tax liability 2,175,234      
Derivative warrant liabilities 1,504,166 9,205,500    
Total Liabilities 211,129,756 40,046,956    
COMMITMENTS AND CONTINGENCIES:    
Stockholders' Equity:        
Additional paid-in capital 12,570      
Other comprehensive income 12,814      
Accumulated deficit (13,126,724) (40,031,506)    
Total Stockholders' Deficit (13,099,447) (40,029,628) $ (31,753,963)  
Total Liabilities, Class A Common Stock Subject to Redemption, and Stockholders' Deficit 198,030,309 21,983,432    
Class A common stock        
Stockholders' Equity:        
Common stock $ 1,893 3    
Class A common stock subject to possible redemption        
Current Liabilities:        
Class A common stock subject to possible redemption, 0 shares outstanding at December 31, 2024 and 2,090,269 shares at redemption value of $10.51 per share at December 31, 2023   21,966,104    
Class B common stock        
Stockholders' Equity:        
Common stock   $ 1,875