| Cash Flow | 2026-06-30 | 2025-12-31 |
|---|---|---|
| Net loss | -5,365,136 | - |
| Net income (loss) | - | -68,888,442 |
| Amortization of lease asset, related party | 290,593 | - |
| Amortization of right-of-use operating lease asset | - | -564,045 |
| Non-cash equity compensation | 4,664,000 | - |
| Deferred tax expense | - | 17,941,976 |
| Deferred tax benefit | -186,088 | - |
| Accrued interest receivable | -5,491 | 1,068,577 |
| Prepaid expenses and other current assets | -151,811 | 53,180 |
| Issuance of long-term note receivable | - | 86,600,000 |
| Accounts payable | -482,351 | 316,488 |
| Payables to related parties | -201,751 | 268,175 |
| Operating lease obligation-related party | - | -564,045 |
| Accrued and other liabilities | - | 30,591 |
| Operating lease obligation, related party | -190,593 | - |
| Operating cash flow | -1,314,024 | -337,267 |
| Purchases of patents | 8,050 | 30,740 |
| Purchases of property and equipment | 1,890,000 | - |
| Investing cash flow | -1,898,050 | -30,740 |
| Contributions | 0 | 5,005,000 |
| Distributions paid | - | 3,150,000 |
| Reverse merger acquisition | - | 21,767 |
| Borrowings on line of credit, related party | 1,800,000 | - |
| Financing cash flow | 1,800,000 | 1,876,767 |
| Net decrease in cash and cash equivalents | -1,412,074 | 1,508,760 |
| Cash and cash equivalents, beginning of period | 1,576,367 | 67,607 |
| Cash and cash equivalents, end of period | 164,293 | 1,576,367 |
Independence Power Holdings, Inc. (ITXP)
Independence Power Holdings, Inc. (ITXP)