The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 |
|---|---|
| Net loss | -486,379 |
| Share-based compensation expense-Related Party | 3,616 |
| Share-based compensation expense-Nonrelated Party | 129,129 |
| Share-based charitable contribution expense | 173,784 |
| Change in fair value as a result of fair value remeasurements | 111,590 |
| Series a and series b convertible notes inducement expense | 23,674 |
| Foreign exchange (gain) loss, net | -3,273 |
| Other non-cash activities | -653 |
| Accounts payable and accrued liabilities | 14,995 |
| Prepaid expenses and other assets | 8,486 |
| Net cash used in operating activities | -34,151 |
| Investments in property, plant, and equipment | 569,304 |
| Other investing activities | 956 |
| Net cash used in investing activities | -570,260 |
| Proceeds from issuance of series a convertible notes | 75,500 |
| Proceeds from issuance of seed convertible notes | 26,124 |
| Proceeds from issuance of preferred units | 107,552 |
| Proceeds from issuance of macquarie term loan | 100,000 |
| Payment of promissory note | 20,000 |
| Payment of debt issuance costs | 1,012 |
| Payment of offering costs | 21,209 |
| Proceeds from share issuance upon initial public offering, net of underwriting discounts and commissions | 745,631 |
| Other financing activities | 354 |
| Net cash provided by financing activities | 1,012,940 |
| Change in cash and cash equivalents | 408,529 |
| Cash and cash equivalents, at beginning of period | 0 |
| Cash, cash equivalents and restricted cash, at end of period | 408,529 |
Fermi Inc. (FRMI)
Fermi Inc. (FRMI)