XML 51 R37.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 97,164,391 $ 3,021,795
Short-Term Investments 200,626,281  
Prepaid expenses and other current assets 1,769,264 270,091
Total current assets 299,559,000 3,291,886
Property and equipment, net 834,795 770,548
Intangible assets, net 707,749 616,972
Right-of-use assets 1,814,333 622,450
Other assets 63,611 29,748
Total Assets 302,980,424 5,331,604
Current liabilities    
Accounts payable and accrued expenses 5,500,946 748,867
Operating lease liabilities, current 383,223 114,507
Finance lease liabilities, current 33,362 140,796
Related party advance (Note 12)   100,000
Total current liabilities 5,917,000 1,104,170
Operating lease liabilities, noncurrent 1,600,672 598,493
Finance lease liabilities, noncurrent 55,979 49,044
Deferred tax liabilities, net   665,953
Total liabilities 7,574,182 18,822,156
Commitments and Contingencies (Note 18)  
Stockholders' Equity (Deficit)    
Common shares, $0.0001 par value; 500,000,000 authorized shares; 81,771,422 and 39,159,901 shares issued and outstanding as of December 31, 2025 and 2024, respectively 8,177 3,916
Exchangeable shares, $0.0001 par value; 24,011,017 shares issued and outstanding as of December 31, 2025 and December 31, 2024 2,401 2,401
Additional paid-in-capital 418,814,641 82,774,184
Accumulated deficit (124,624,883) (96,608,242)
Accumulated other comprehensive income 1,205,906 337,189
Total stockholders' equity (deficit) 295,406,242 (13,490,552)
Total liabilities and stockholders' equity 302,980,424 5,331,604
Nonrelated party    
Current liabilities    
Convertible notes, net of debt discount   13,708,832
Accrued interest on convertible notes   266,554
Related party    
Current liabilities    
Convertible notes, net of debt discount   2,371,994
Accrued interest on convertible notes   $ 57,116
Previously Reported    
Current assets    
Total current assets 299,559,936  
Current liabilities    
Total current liabilities $ 5,917,531