Prepaid expenses and other current assets (including 2,178,123 and 233,498 with related parties, respectively)
4,244,130
3,688,148
1,621,303
4,322,880
Total current assets
31,195,561
35,693,910
45,784,559
11,139,563
Goodwill
19,262,851
19,262,851
-
-
Gross carrying amount
2,910,650
2,910,650
-
-
Accumulated amortization
243,501
110,682
-
-
Intangible assets subject to amortization, net
2,667,149
2,799,968
-
-
Investments at fair value
9,581,198
12,664,441
-
-
Syme bonds (related-party)
5,581,921
5,647,818
-
-
Property and equipment, gross
17,739
12,557
-
-
Less accumulated depreciation and amortization
2,483
1,602
-
-
Property and equipment, net
15,256
10,955
-
0
Equity method investment (related-party)
-
-
949,806
-
Operating lease right-of-use assets
-
-
-
0
Deposit on acquisition (related party)
-
-
733,272
-
Convertible note receivable (related party)
-
-
2,351,602
2,011,700
Other assets
57,172
68,367
-
0
Total assets
68,361,108
76,148,310
49,819,239
13,151,263
Accounts payable (including 96,340 and nil with related parties, respectively)
96,340
97,219
-
-
Accounts payable (including 96,340 and nil with related parties, respectively)
2,554,859
2,644,691
2,130,686
3,889,781
Accrued expenses (including 2,337,065 and nil with related parties, respectively)
2,337,065
2,474,831
-
-
Accrued expenses (including 2,337,065 and nil with related parties, respectively)
7,762,650
7,526,946
3,271,219
4,618,521
Current portion of notes payable (including nil and 8,130,638 with related parties, respectively)
-
-
0
-
Current portion of operating lease liability
-
-
-
0
Current portion of notes payable (including nil and 8,130,638 with related parties, respectively)
-
-
25,874,146
10,854,863
Contract liabilities
-
-
-
24,000
Preferred obligation related to orbit transaction (related party)
-
-
8,131,899
-
Current portion of debt (including 29,525,305 and 25,863,601 at fair value, respectively)
30,785,850
39,673,346
-
-
Shareholder advances
99,936
99,936
99,936
99,936
Claims settlement liability
-
-
5,575
502,196
Convertible note derivative liability
-
-
-
0
Preferred stock liability, 0.0001 par value 50,000,000 shares authorized 1,006,118 and 2,188,905 shares issued and outstanding, respectively
10,061,180
13,439,670
21,889,050
21,889,050
Total current liabilities
51,264,475
63,384,589
61,402,511
41,878,347
Sepa liability
1,483,065
2,994,500
3,201,500
3,467,142
Warrant liabilities
3,844,288
5,617,340
397,401
21,662,084
Contingent consideration (including 820,368 and nil with related parties, respectively)
984,442
625,491
-
-
Deferred tax liability
173,351
173,351
-
-
Other liabilities
314,168
252,467
-
-
Total liabilities
58,063,789
73,047,738
65,001,412
67,007,573
Tekne subordinated convertible note
928,000
928,000
-
-
Common stock, 0.0001 par value 900,000,000 shares authorized 240,548,960 and 92,816,561 shares issued and outstanding as of june 30, 2026 and december 31, 2025, respectively
24,055
15,459
9,282
24,740
Additional paid-in capital
216,698,687
203,069,515
185,288,376
118,785,501
Accumulated deficit
-207,415,591
-200,939,729
-200,479,831
-172,666,551
Accumulated other comprehensive income
62,168
27,327
-
-
Total stockholders' equity (deficit)
9,369,319
2,172,572
-15,182,173
-53,856,310
Total liabilities, tekne subordinated convertible note and stockholders' equity (deficit)
68,361,108
76,148,310
49,819,239
13,151,263
Unit: Dollar. Numbers labeled with * are estimated quarterly values.
Time Plot
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