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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 35 Months Ended
Mar. 31, 2024
Dec. 31, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2023
Cash flows from operating activities          
Net income/(loss) $ (327,599,700) $ (9,177,900) $ (22,768,100) $ (210,300)  
Adjustments to reconcile net loss to net cash used in operating activities:          
Non-cash interest expense on debt 2,817,600     2,024,300  
Change in fair value of derivative liability 225,916,000     (5,659,900)  
Depreciation 5,600     16,500  
Loss on extinguishment of debt 542,300     0  
Stock based compensation 84,588,000     0  
Non-cash charge for operating lease 400     1,800  
Prepaid expenses and other current assets 2,800     0  
Accounts Receivable 33,800     13,200  
Unearned Revenue (695,900)     0  
Accounts payable 5,073,100     39,900  
Net cash used in operating activities (9,316,000)     (3,774,500) $ (12,577,300)
Cash flows used in investing activities          
Purchases of property and equipment 0     0  
Net cash used in investing activities 0     0  
Cash flows provided by financing activities          
Proceeds from convertible promissory notes 47,455,000     0  
Proceeds from merger 233,017,500     0  
Net cash provided by financing activities 280,472,500     0  
Net change in cash and cash equivalents and restricted cash 271,156,500     (3,774,500)  
Cash and cash equivalents and restricted cash, beginning of period 2,572,700   $ 6,033,900 9,808,400  
Cash and cash equivalents and restricted cash, end of period 273,729,200 2,572,700   6,033,900 2,572,700
Reconciliation of cash and cash equivalents and restricted cash to the condensed consolidated balance sheets          
Cash and cash equivalents 233,700,900 2,572,700   6,033,900 2,572,700
Restricted cash 40,028,300 $ 0   0 $ 0
Supplemental disclosure of cash flow information          
Cash paid for interest 0     0  
Cash paid for taxes 0     0  
Non cash investing and financing activities          
Shares issued for conversion of convertible notes $ 300,426,000     $ 0