Subsequent Events |
6 Months Ended |
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Jun. 30, 2025 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS |
NOTE 15 – SUBSEQUENT EVENTS
Management has evaluated subsequent events as of August 12, 2025, the date the unaudited Condensed Consolidated Financial Statements were issued according to the requirements of ASC topic 855.
Subsequent to June 30, 2025, the Company issued 6,950,574 shares as a result of Installment Conversions on the 2024 Additional Notes, repaying the 2024 Additional Notes in full.
Subsequent to June 30, 2025, the remaining 2,800,000 of Pre-Funded Warrant Shares were exercised and issued.
On August 8, 2025, the Company made a strategic investment in Rift Dynamics AS, a Norway-based defense technology company specializing in affordable, mass-producible combat drone systems. Through this partnership, American Robotics will exclusively introduce and distribute Rift's Wåsp platform to the U.S. defense market. Eric Brock, Chairman and Chief Executive Officer of the Company, is expected to join the Rift Dynamics Board of Directors upon closing of the investment and partnership agreement. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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