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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2025
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities      
Net loss $ (6,252,000) $ (28,016,641) $ (11,485,410)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 181,000 1,161,704 1,256,391
Loss on extinguishment of debt     1,183,289
Amortization of debt discount 517,000 2,137,984 802,573
Stock-based compensation 180,000 3,103,702 670,243
Unrealized foreign currency transaction gain (96,000) (807,193) (812,849)
Noncash lease expense 62,000 471,362 152,086
Deferred income taxes   15,401 (15,401)
Changes in operating assets and liabilities      
Accounts receivable     19,163
Prepaid expenses and other current assets (150,000) (1,750,631) 166,315
Accounts payable and accrued expenses 2,023,000 5,366,309 (196,299)
Operating lease payments (31,000) (328,510) (133,454)
Net cash used in operating activities (2,760,000) (16,472,912) (8,202,934)
Cash flows from investing activities      
Purchases of intangible assets (21,000) (86,150) (54,404)
Purchases of property and equipment (163,000) (1,055,307) (607,866)
Purchase of short-term investments   (199,496,832)  
Net cash used in investing activities (184,000) (200,638,289) (662,270)
Cash flows from financing activities      
Proceeds from Series A-1 preferred shares issuance   25,797,201  
Proceeds from the exercise of stock options for common shares   136  
Proceeds from warrant exercise for common shares   4,500,000  
Proceeds from issuance of shares to PIPE investors   49,500,000  
Proceeds from merger financing   243,066,977  
Payment of merger and recapitalization related transaction costs   (22,305,729)  
Proceeds from related party advances     100,000
Repayment of finance lease liabilities (40,000) (149,138) (58,732)
Net cash provided by financing activities 10,945,000 311,394,447 7,254,268
Effect of exchange rate changes on cash and cash equivalents 295,000 (140,650) 32,201
(Decrease) increase in cash and cash equivalents during the period 8,296,000 94,142,596 (1,578,735)
Cash and cash equivalents, beginning of period 3,021,795 3,021,795 4,600,530
Cash and cash equivalents, end of period 11,318,000 97,164,391 3,021,795
Supplemental cash flow information      
Interest paid     514,431
Supplemental noncash investing and financing activities      
Conversion of convertible notes to common shares   29,787,900  
Initial recognition of finance leases   42,590  
Recognition of warrants in connection with convertible notes, net of tax 2,595,000 2,594,531 2,006,982
Related party debt extinguishment     202,204
Acquisition of non-controlling interest     534,611
Nonrelated party      
Changes in operating assets and liabilities      
Accrued interest 663,000 1,847,554 152,571
Cash flows from financing activities      
Proceeds from issuance of convertible notes 9,335,000 9,335,000 6,563,000
Related party      
Changes in operating assets and liabilities      
Accrued interest 143,000 326,047 37,848
Cash flows from financing activities      
Proceeds from issuance of convertible notes $ 1,650,000 $ 1,650,000 $ 650,000