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Segment and Geographic Information (Tables)

6 Months Ended

Jun. 30, 2025

Segment and Geographic Information

Summary of selected financial information of single operating segment


		For the Three Months Ended June 30,						For the Six Months Ended June 30,
		2025			2024			2025			2024
Revenue		$	864,053		$	522,166		$	1,229,524		$	522,166
Cost of goods sold			622,499			448,095			861,091			448,095
Gross margin			241,554			74,071			368,433			74,071
Operating expenses:
General and administrative expenses			1,984,659			1,374,786			6,748,375			2,485,015
Research and development expenses			1,297,968			914,619			2,316,320			1,789,961
Depreciation and amortization			8,898			8,120			17,113			16,239
Total operating expenses			3,291,525			2,297,525			9,081,808			4,291,215
Loss from operations			(3,049,971)			(2,223,454)			(8,713,375)			(4,217,144)
Other income (expense):
Change in fair value of derivative liabilities			—			(33,754)			(827,445)			(575,393)
Change in fair value of warrant liabilities			—			(435,469)			223,162			(13,478,661)
Change in fair value of pledged security			(1,185,528)			—			(1,185,528)			—
Change in earnout liability			17,000			—			(13,000)			—
Transaction costs expensed			(8,502,003)			—			(18,167,007)			—
Gain on settlement of forward purchase agreement			—			—			1,406,669			—
Other expense:			—			(30,195)			—			(16,176)
Interest expense			(631,591)			(2,984,232)			(1,355,058)			(5,857,183)
Gains (loss) from extinguishment of debt, net			(7,771,709)			—			4,820,343			—
Total other expense:			(18,073,831)			(3,483,650)			(15,097,864)			(19,927,413)
Loss before income taxes			(21,123,802)			(5,707,104)		$	(23,811,239)		$	(24,144,557)
Provision for income taxes			—			—			—			—
Net loss		$	(21,123,802)		$	(5,707,104)		$	(23,811,239)		$	(24,144,557)