v3.25.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash $ 206,425,996 $ 9,154,297
Accounts receivable, net 6,106,951 489,316
Inventory 22,642,051 12,950,941
Prepaid inventory 7,953,616 641,959
Prepaid expenses and other current assets 5,673,884 2,561,744
Total current assets 248,802,498 25,798,257
Goodwill 17,671,065 17,671,065
Intangible assets, net 7,294,798 8,453,068
Property and equipment, net 2,634,486 1,880,709
Other long-term assets 1,185,813 309,823
Operating lease right-of-use assets 8,435,706 1,491,345
Total long-term assets 37,221,868 29,806,010
TOTAL ASSETS 286,024,366 55,604,267
Current liabilities    
Accounts payable 2,974,836 2,049,519
Accrued expenses 6,192,798 1,240,115
Debt obligations 350,000 350,000
Contract liabilities and deposits 467,914 227,484
Operating lease liabilities – short term 550,020 311,532
Convertible notes payable 13,351,000 0
Total current liabilities 23,886,568 4,178,650
Deferred income taxes 694,562 0
Operating lease liabilities 8,169,367 1,306,064
Total long-term liabilities 8,863,929 1,306,064
Total liabilities 32,750,497 5,484,714
Commitments and contingencies (Note 18)
Stockholders’ equity    
Series B preferred stock - shares authorized 4,300,000; issued and outstanding 4,676 and 4,676 47 47
Common stock - shares authorized 500,000,000; issued and outstanding 118,162,270 and 85,215,136 118,162 85,215
Additional paid-in capital 430,319,122 174,778,994
Accumulated deficit (177,163,462) (124,744,703)
Total stockholders’ equity 253,273,869 50,119,553
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 286,024,366 $ 55,604,267

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