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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash $ 1,587,086 $ 1,271,824
Prepaid expenses and other current assets 1,024,850 426,497
Deferred transaction costs 199,724 1,005,109
Promissory notes issued 495,397
Total current assets 3,307,057 2,703,430
Computer and equipment, net 14,830 1,968
Pre-acquisition capital project costs 1,937,487 100,000
Investment in equity securities 67,562 218,556
Other long-term assets 50,000
Total assets 5,376,936 3,023,954
Current liabilities    
Accounts payable 6,494,165 1,256,792
Accrued liabilities and other current liabilities 4,129,258 208,107
Current portion of early exercised shares option liability 4,408 2,990
Short-term loan 383,797 72,967
Total current liabilities 11,011,628 1,540,856
SAFE notes 5,212,200
Warrant liability 4,693,859
Earnout liability 2,972,800
Early exercised shares option liability 3,259 5,660
Total liabilities 18,681,546 6,758,716
Commitments and contingencies (Note 2)
Stockholders’ equity (deficit)    
Preferred stock, $0.0001 par value, 100,000,000 and Nil shares authorized, Nil shares issued and outstanding as at September 30, 2024 and December 31, 2023
Common stock, $0.0001 par value, 700,000,000 and 69,033,000 shares authorized, 47,872,445 and 41,499,772 shares issued and outstanding as at September 30, 2024 and December 31, 2023, respectively 4,573 4,023
Additional paid-in capital 29,741,789 54,800
Accumulated deficit (43,050,972) (3,793,585)
Total stockholders’ deficit (13,304,610) (3,734,762)
Total liabilities and stockholders’ deficit $ 5,376,936 $ 3,023,954