| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | |
|---|---|---|---|---|
| Revenue | 631,021 | 883,974 | 346,050 | |
| Cost of goods sold | 456,590 | 757,415 | 244,229 | |
| Gross margin | 174,431 | 126,559 | 101,821 | |
| General and administrative expenses | 4,530,392 | 2,697,820 | 14,661,108 | |
| Research and development expenses | 517,629 | 1,309,956 | 1,018,352 | |
| Depreciation and amortization | 5,194 | 8,898 | 8,215 | |
| Total operating expenses | 5,053,215 | 4,016,674 | 15,687,675 | |
| Change in fair value of derivative liabilities | - | - | -827,445 | |
| Loss from operations | -4,878,784 | -3,890,115 | -15,585,854 | |
| Change in fair value of warrant liabilities | - | - | -223,162 | |
| Change in fair value of convertible notes | -51,672 | - | - | |
| Change in fair value of earnout liability | -5,000 | -17,000 | 30,000 | |
| Closing costs expensed | - | - | 8,763,915 | |
| Gain on settlement of forward purchase agreement | - | - | 1,406,669 | |
| Interest expense | 654,788 | 612,886 | 723,467 | |
| Loss on extinguishment of debt | -4,195,962 | -2,454,178 | 6,395,610 | |
| Total other expense | -4,794,078 | -3,050,064 | -2,319,386 | |
| Loss before income taxes | -9,672,862 | -6,940,179 | -17,905,240 | |
| Net loss | -9,672,862 | -6,940,179 | -17,905,240 | |
| Earnings per share, basic | -0.16 | -0.16 | -0.77 | |
| Earnings per share, diluted | -0.16 | -0.16 | -0.77 | |
| Weighted average number of shares outstanding, basic | 58,968,437 | 44,140,202 | 23,258,102 | |
| Weighted average number of shares outstanding, diluted | 58,968,437 | 44,140,202 | 23,258,102 | |
ScanTech AI Systems Inc. (STAI)
ScanTech AI Systems Inc. (STAI)