Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations (Unaudited)

v3.25.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Revenues, net $ 6,273,388 $ 957,851 $ 10,521,570 $ 1,582,860
Cost of goods sold 2,941,318 1,148,746 5,700,950 2,168,737
Gross profit 3,332,070 (190,895) 4,820,620 (585,877)
Operating expenses:        
General and administration 6,078,531 4,163,987 11,987,929 8,062,076
Sales and marketing 2,265,715 1,308,705 4,695,825 2,629,854
Research and development 4,236,928 2,640,003 7,696,408 6,152,978
Total operating expenses 12,581,174 8,112,695 24,380,162 16,844,908
Operating loss (9,249,104) (8,303,590) (19,559,542) (17,430,785)
Other income (expense), net        
Other income (expense), net (17,204) 257 (18,366) (2,067)
Change in fair value of government grant liability (143,349) 623,409 (267,374) 549,017
Interest income 250,340 87,276 451,146 184,777
Interest expense (1,560,512) (703,551) (5,428,369) (1,486,162)
Foreign exchange gain (loss), net (30,321) 26,463 (63,995) 39,400
Total other income (expense), net (1,501,046) 33,854 (5,326,958) (715,035)
Loss before income taxes (10,750,150) (8,269,736) (24,886,500) (18,145,820)
Provision for income taxes
Net loss (10,750,150) (8,269,736) (24,886,500) (18,145,820)
Less preferred dividends attributable to noncontrolling interest 390,000 390,000 780,000 724,138
Less deemed dividends attributable to accretion of redemption value 878,480 718,494 1,695,607 1,357,140
Net loss attributable to common stockholders $ (12,018,630) $ (9,378,230) $ (27,362,107) $ (20,227,098)
Net loss per share - basic (in Dollars per share) $ (0.08) $ (0.14) $ (0.21) $ (0.31)
Net loss per share - diluted (in Dollars per share) $ (0.08) $ (0.14) $ (0.21) $ (0.31)
Weighted average number of common shares outstanding, basic (in Shares) 150,652,998 66,377,505 127,955,008 64,706,314
Weighted average number of common shares outstanding, diluted (in Shares) 150,652,998 66,377,505 127,955,008 64,706,314