Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations (Unaudited)

v3.25.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
Revenues, net $ 10,098,310 $ 1,480,792 $ 20,619,880 $ 3,063,652
Cost of goods sold 7,493,915 1,433,232 13,194,865 3,601,969
Gross profit (loss) 2,604,395 47,560 7,425,015 (538,317)
Operating expenses:        
General and administrative 10,595,469 4,114,986 22,583,398 12,177,062
Sales and marketing 2,999,720 1,410,944 7,695,545 4,040,798
Research and development 4,512,756 3,182,345 12,209,164 9,335,323
Total operating expenses 18,107,945 8,708,275 42,488,107 25,553,183
Operating loss (15,503,550) (8,660,715) (35,063,092) (26,091,500)
Other income (expense), net        
Other income (expense), net 31,479 (1,786) 13,113 (3,853)
Change in fair value of government grant liability (87,186) (86,307) (354,560) 462,710
Interest and dividend income 1,992,274 121,608 2,443,420 306,385
Unrealized gain on investments 6,893,277 6,893,277
Interest expense (444,449) (871,335) (5,872,818) (2,357,497)
Foreign exchange gain (loss), net (55,245) (27,733) (119,240) 11,667
Total other income (expense), net 8,330,150 (865,553) 3,003,192 (1,580,588)
Loss before income taxes (7,173,400) (9,526,268) (32,059,900) (27,672,088)
Provision for income taxes 307,456 307,456
Net loss (7,480,856) (9,526,268) (32,367,356) (27,672,088)
Less preferred dividends attributable to noncontrolling interest 390,000 390,000 1,170,000 1,114,138
Less deemed dividends attributable to accretion of redemption value 924,202 755,644 2,619,809 2,112,784
Less net loss attributable to noncontrolling interest (12,639) (12,639)
Net loss attributable to common stockholders $ (8,782,419) $ (10,671,912) $ (36,144,526) $ (30,899,010)
Net loss per share - basic (in Dollars per share) $ (0.03) $ (0.15) $ (0.21) $ (0.46)
Net loss per share - diluted (in Dollars per share) $ (0.03) $ (0.15) $ (0.21) $ (0.46)
Weighted average number of common shares outstanding, basic (in Shares) 259,909,415 70,741,662 172,423,160 66,732,781
Weighted average number of common shares outstanding, diluted (in Shares) 259,909,415 70,741,662 172,423,160 66,732,781