Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations (Unaudited)

v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenue:    
Total revenue $ 159,575 $ 165,256
Revenue from Contract with Customer, Product and Service [Extensible Enumeration] Service [Member] Service [Member]
Costs and expenses:    
Cost of revenue (exclusive of items shown separately below) $ 1,993,894 $ 1,238,957
Cost, Product and Service [Extensible Enumeration] Service [Member] Service [Member]
Depreciation and amortization $ 624,791 $ 480,376
General and administrative 3,224,907 4,359,686
Total costs and expenses 5,843,592 6,079,019
Operating loss (5,684,017) (5,913,763)
Other (income) expense, net:    
Other (income) expense, net (3,145) (137,397)
Foreign currency transaction loss 970 3,267
Loss on extinguishment of debt 929,508 0
Change in fair value of derivative 515,827 0
Change in fair value of warrant liabilities (3,019) (50,888)
Interest expense, net 953,083 1,114,516
Total other expense, net 3,582,064 1,653,424
Net loss $ (9,266,081) $ (7,567,187)
Basic loss per share (in dollars per share) [1] $ (2.46) $ (19.85)
Diluted loss per share (in dollars per share) [1] $ (2.46) $ (19.85)
Basic weighted average shares outstanding (in shares) [2] 3,840,563 381,215
Diluted weighted average shares outstanding (in shares) [2] 3,840,563 381,215
New Convertible Secured Debentures    
Other (income) expense, net:    
Change in fair value of November 2024 Debentures $ 1,188,840 $ 723,926
[1] Reflects the 1-for-9 reverse split effected September 5, 2025 and the 1-for-8 effected April 21, 2026.
[2] Reflects the 1-for-9 reverse split effected September 5, 2025 and the 1-for-8 effected April 21, 2026.