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 |
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| Revenue: | ||||
| Total revenue | $ 1,976,795 | $ 370,187 | $ 4,217,617 | $ 1,336,249 |
| Revenue from Contract with Customer, Product and Service [Extensible Enumeration] | Service [Member] | Service [Member] | Service [Member] | Service [Member] |
| Costs and expenses: | ||||
| Cost of revenue (exclusive of items shown separately below) | $ 4,266,894 | $ 2,648,019 | $ 9,009,892 | $ 7,617,368 |
| Cost, Product and Service [Extensible Enumeration] | Service [Member] | Service [Member] | Service [Member] | Service [Member] |
| Depreciation | $ 590,820 | $ 446,087 | $ 1,645,759 | $ 1,283,858 |
| Research and development | 0 | 0 | 0 | 63,534 |
| General and administrative | 2,997,001 | 2,845,956 | 11,674,874 | 9,503,254 |
| Total costs and expenses | 7,854,715 | 5,940,062 | 22,330,525 | 18,468,014 |
| Operating loss | (5,877,920) | (5,569,875) | (18,112,908) | (17,131,765) |
| Other (income) expense, net: | ||||
| Other (income) expense, net | 2,883 | 143,573 | (32,051) | 165,374 |
| Gain on lease termination | 0 | 0 | 0 | (23,897) |
| Foreign currency transaction loss | 48,807 | 11,833 | 52,348 | 21,276 |
| Loss on extinguishment of debt | 0 | 0 | 0 | 78,734,949 |
| Change in fair value of warrant liabilities | (103,607) | (615,505) | (145,738) | (13,347,829) |
| Interest expense, net | 1,221,883 | 1,157,468 | 3,545,722 | 3,798,296 |
| Total other (income) expense, net | 762,028 | (23,501,702) | 3,548,403 | 33,234,369 |
| Net income (loss) | $ (6,639,948) | $ 17,931,827 | $ (21,661,311) | $ (50,366,134) |
| Basic income (loss) per share (in dollars per share) | $ (2.60) | $ 60.31 | $ (7.47) | $ (237.23) |
| Diluted loss per share (in dollars per share) | $ (2.60) | $ (3.23) | $ (7.47) | $ (237.23) |
| Basic weighted average shares outstanding (in shares) | 3,878,466 | 297,334 | 3,357,726 | 212,307 |
| Diluted weighted average shares outstanding (in shares) | 3,878,466 | 1,698,797 | 3,357,726 | 212,307 |
| New Convertible Secured Debentures | ||||
| Other (income) expense, net: | ||||
| Fair value adjustment of convertible debt | $ 0 | $ (24,199,071) | $ 0 | $ (36,113,800) |
| November 2024 Debentures | ||||
| Other (income) expense, net: | ||||
| Fair value adjustment of convertible debt | $ (407,938) | $ 0 | $ 128,122 | $ 0 |
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- Definition Fair Value Adjustment Of Convertible Debt No definition available.
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- Definition Cost of product sold and service rendered, excluding depreciation, depletion, and amortization. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense (income) related to adjustment to fair value of warrant liability. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, before tax, of realized and unrealized gain (loss) from foreign currency transaction. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of gain (loss) on termination of lease before expiration of lease term. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount of expense for research and development. Includes, but is not limited to, cost for computer software product to be sold, leased, or otherwise marketed and writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both. Excludes write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Indicates product and service for revenue from satisfaction of performance obligation by transferring promised product and service to customer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Indicates type of cost from product sold and service rendered. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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