v3.25.4
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Dec. 31, 2023
Current assets      
Cash $ 1,585,004 $ 912,574 $ 1,271,824
Prepaid expenses and other current assets 455,733 606,331 426,497
Deferred transaction costs 25,000 116,121 1,005,109
Promissory notes 332,363 502,838
Total current assets 2,398,100 2,137,864 2,703,430
Property and equipment, net 1,753,630 1,755,947 1,968
Capital project costs 5,279,822 3,320,403 100,000
Investment in equity securities 45,908 1,496,422 218,556
Other long-term assets 561,752 312,501
Total assets 10,039,212 9,023,137 3,023,954
Current liabilities      
Accounts payable 9,253,643 10,264,117 1,256,792
Accrued liabilities and other current liabilities 4,803,615 4,722,687 208,107
Current portion of early exercised shares option liability 1,220 1,814 2,990
Short-term loans 304,666 10,008,552 72,967
Total current liabilities 14,363,144 24,997,170 1,540,856
SAFE notes   5,212,200
Warrant liability 790,654 2,451,237
Advance from PIPE investor 425,000
Earnout liability 4,700 532,700
Early exercised shares option liability 828 2,814 5,660
Total liabilities 15,159,326 28,408,921 6,758,716
Commitments and contingencies (Note 3)
Stockholders’ equity (deficit)      
Preferred stock, $0.0001 par value, 100,000,000 shares authorized, Nil shares issued and outstanding as at September 30, 2025, and December 31, 2024
Common stock, $0.0001 par value, 700,000,000 shares authorized, 8,954,343 and 4,773,628 shares issued and outstanding as at September 30, 2025, and December 31, 2024 respectively [1] 883 460  
Additional paid-in capital 59,471,853 33,232,704  
Accumulated deficit (64,592,850) (52,618,948) (3,793,585)
Total stockholders’ deficit (5,120,114) (19,385,784) (3,734,762)
Total liabilities and stockholders’ deficit 10,039,212 9,023,137 3,023,954
Previously Reported [Member]      
Stockholders’ equity (deficit)      
Common stock, $0.0001 par value, 700,000,000 shares authorized, 8,954,343 and 4,773,628 shares issued and outstanding as at September 30, 2025, and December 31, 2024 respectively   460 402
Additional paid-in capital   33,232,704 58,421
Total stockholders’ deficit   (19,385,784) (3,734,762)
Related Party [Member]      
Current liabilities      
Short-term loans 5,875,000
Nonrelated Party [Member]      
Current liabilities      
Short-term loans $ 304,666 $ 4,133,552 $ 72,967
[1] Amounts have been adjusted to reflect the 1-for-10 reverse stock split that became effective on September 8, 2025. See Note 2 “Basis of presentation and summary of significant accounting policies” for additional details.