XML 21 R5.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Statements of Changes In Stockholders' Equity (Deficit) (Unaudited) - USD ($)
Common Stock [Member]
Preferred Stock [Member]
Series A-1 Preferred Stock [Member]
Preferred Stock [Member]
Series B Preferred Stock [Member]
Additional Paid-in Capital [Member]
Treasury Stock, Common [Member]
Retained Earnings [Member]
Total
Balance at Dec. 31, 2023 $ 47,729 $ 120 $ 208 $ 78,438,630 $ (29,000) $ (87,857,456) $ (9,399,769)
Balance, shares at Dec. 31, 2023 238,645 601 1,040        
Net Loss 12,350,356 12,350,356
Domestication equity adjustment - Note 1 (47,704) (119) (207) 48,030
Stock-based compensation expense 42,152 42,152
Shares issued for vested restricted stock 108,000 108,000
Shares issued for vested restricted stock, shares 6,250            
Issuance of common stock for exercise of warrants $ 2 159,998 160,000
Issuance of common stock for exercise of warrants, shares 22,222            
Warrant settlement agreement - Note 8 (900,000) (900,000)
Issuance of common stock from exercise of warrants $ 1 210,893 (6,503) 204,391
Issuance of common stock from exercise of warrants, shares 13,017            
Warrant exchange agreement - deemed dividend - Note 8 44,619 (44,619)
Warrant exchange agreement, issuance of pre-funded warrants - Note 8 287,150 287,150
Balance at Mar. 31, 2024 $ 28 $ 1 $ 1 78,439,472 (29,000) (75,558,222) 2,852,280
Balance, shares at Mar. 31, 2024 280,134 601 1,040        
Balance at Dec. 31, 2023 $ 47,729 $ 120 $ 208 78,438,630 (29,000) (87,857,456) (9,399,769)
Balance, shares at Dec. 31, 2023 238,645 601 1,040        
Net Loss             11,887,397
Balance at Jun. 30, 2024 $ 29 $ 1 $ 1 78,811,059 (29,000) (76,021,181) 2,760,909
Balance, shares at Jun. 30, 2024 292,318 601 1,040        
Balance at Mar. 31, 2024 $ 28 $ 1 $ 1 78,439,472 (29,000) (75,558,222) 2,852,280
Balance, shares at Mar. 31, 2024 280,134 601 1,040        
Net Loss (462,959) (462,959)
Stock-based compensation expense 43,052 43,052
Shares issued for vested restricted stock 104,800 104,800
Shares issued for vested restricted stock, shares 6,250            
Shares sold for cash $ 1 71,349 71,350
Shares sold for cash, shares 5,934            
Warrant exchange amendment - Note 8 152,386 152,386
Balance at Jun. 30, 2024 $ 29 $ 1 $ 1 78,811,059 (29,000) (76,021,181) 2,760,909
Balance, shares at Jun. 30, 2024 292,318 601 1,040        
Balance at Dec. 31, 2024 $ 41 $ 1 $ 1 79,920,785 (29,000) (77,808,959) 2,082,869
Balance, shares at Dec. 31, 2024 407,295 601 1,040        
Net Loss (974,901) (974,901)
Stock-based compensation expense 69,460 69,460
Issuance of common stock from exercise of warrants $ 3 3
Issuance of common stock from exercise of warrants, shares 25,000            
Issuance of common stock sold in at-the-market offering $ 14 907,171 907,185
Issuance of common stock sold in at-the-market offering, shares 142,960            
Balance at Mar. 31, 2025 $ 58 $ 1 $ 1 80,897,416 (29,000) (78,783,860) 2,084,616
Balance, shares at Mar. 31, 2025 575,255 601 1,040        
Balance at Dec. 31, 2024 $ 41 $ 1 $ 1 79,920,785 (29,000) (77,808,959) 2,082,869
Balance, shares at Dec. 31, 2024 407,295 601 1,040        
Net Loss             (104,397,628)
Balance at Jun. 30, 2025 $ 6,617 634,748,320 (29,000) (182,206,587) 452,519,350
Balance, shares at Jun. 30, 2025 66,154,792        
Balance at Mar. 31, 2025 $ 58 $ 1 $ 1 80,897,416 (29,000) (78,783,860) 2,084,616
Balance, shares at Mar. 31, 2025 575,255 601 1,040        
Net Loss (103,422,727) (103,422,727)
Stock-based compensation expense 16,415,902 16,415,902
Shares issued for vested restricted stock $ 4 261,038 261,042
Shares issued for vested restricted stock, shares 37,502            
Issuance of common stock for exercise of warrants $ 7 7
Issuance of common stock for exercise of warrants, shares 69,842            
Issuance of common stock sold in at-the-market offering, shares 6,694,837            
Issuance of common stock for exchange agreement $ 4 $ (1) $ (1) 2 4
Issuance of common stock for exchange agreement, shares 38,683 (601) (1,040)        
Issuance of common stock sold in private placement May 20, 2025 $ 3 3,847,997     3,848,000
Issuance of common stock sold in private placement, shares 34,000            
Issuance of common stock sold in a private placement May 26, 2025 $ 5,871 404,618,078 404,623,949
Issuance of common stock sold in a private placement, shares 58,704,673            
Issuance of common stock sold in at-the-market offering $ 670 128,707,887 128,708,557
Balance at Jun. 30, 2025 $ 6,617 $ 634,748,320 $ (29,000) $ (182,206,587) $ 452,519,350
Balance, shares at Jun. 30, 2025 66,154,792