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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 36,324,354 $ 16,446,030
Restricted cash 265,253 0
Accounts receivable, net 447,819 204,879
Loans held for investment, net of allowance for credit losses of $689,007 as of December 31, 2024 3,986,997 0
Interest Receivable 314,104 0
Inventory 2,663,397 1,439,182
Prepaid expenses and other current assets 2,835,238 3,084,576
Total current assets 46,837,162 21,174,667
Loans held for investment, net of allowance for credit losses of $127,038 as of December 31, 2024, non-current 735,118 0
Property and equipment, net 275,539 127,139
Intangible assets, net 15,790,437 3,557,029
Goodwill 10,930,978 0
Operating lease right-of-use assets 274,603 324,238
Deposits 50,004 63,546
Total assets 74,893,841 25,246,619
Current liabilities:    
Revolving line of credit 3,777,279 0
Accounts payable 3,503,553 1,828,508
Accrued expenses 1,167,329 1,641,553
Deferred revenue 53,671 225,148
Operating lease liabilities, current portion 122,587 310,911
Total current liabilities 8,624,419 4,006,120
Earn-out liabilities 620,000 660,000
Warrant liabilities 10,186,000 10,130,000
Operating lease liabilities 163,716 16,457
Total liabilities 48,043,635 14,812,577
Commitments and contingencies (Note 19)
Stockholders’ equity    
Preferred stock, $0.0001 par value; 50,000,000 authorized shares; no shares issued and outstanding as of December 31, 2024 and December 31, 2023 0 0
Additional paid in capital 146,746,355 72,644,419
Accumulated deficit (119,900,428) (62,213,139)
Total stockholders’ equity 26,850,206 10,434,042
Total liabilities and stockholders’ equity 74,893,841 25,246,619
Related Party    
Current liabilities:    
Convertible promissory notes 20,000,000 0
Nonrelated Party    
Current liabilities:    
Convertible promissory notes 8,449,500 0
Class A    
Stockholders’ equity    
Common stock value 3,958 2,441
Class C    
Stockholders’ equity    
Common stock value $ 321 $ 321