| Income Statement | 2026-06-30 | 2025-12-31 | ||
|---|---|---|---|---|
| Revenue | 0 | 24,301,866.5* | ||
| Cost of sales | 0 | 625,000* | ||
| Gross profit | 0 | 23,676,866.5* | ||
| Employment expenses | 335,725 | - | ||
| Research and development expenses | 171,030 | 479,703* | ||
| General and administrative expenses | 5,595,001 | 1,590,668* | ||
| Total operating expenses | 6,101,756 | 2,242,452.25* | ||
| Operating loss | -6,101,756 | 21,434,414.25* | ||
| Interest income | 868,722 | 267,144.25* | ||
| Other income, net | - | 6,046* | ||
| Interest expense - related party | 17,918 | 172,081.25* | ||
| Total other income | 850,804 | 273,190.25* | ||
| Loss from operations before income taxes | -5,250,952 | 21,707,604.5* | ||
| Benefit for income taxes | 123,101 | 4,485,494* | ||
| Net income (loss) | - | 17,222,110.5 | ||
| Net loss | -5,127,851 | - | ||
| Basic EPS | 0.02 | 0.078* | ||
| Diluted EPS | 0.02 | 0.077 | ||
| Diluted Average Shares | 265,650,000 | 224,228,219 | ||
Independence Power Holdings, Inc. (ITXP)
Independence Power Holdings, Inc. (ITXP)