v3.25.1
Condensed Consolidated Statements of Changes in Members’ and Stockholders’ Equity (Deficit) (Unaudited) - USD ($)
Common Stock
Previously Reported
Class A
Common Stock
Previously Reported
Class B
Common Stock
Class A
Common Stock
Class B
Additional Paid-In Capital
Previously Reported
Additional Paid-In Capital
Retained Earnings
Previously Reported
Retained Earnings
Members’ Contribution
Previously Reported
Members’ Contribution
Preferred Units
Previously Reported
Preferred Units
Subscription Receivable
Previously Reported
Subscription Receivable
Previously Reported
Total
Balance at Dec. 31, 2022         $ (5,788,985)   $ 2,047,872   $ 8,902,226       $ 5,161,113
Balance (in Shares) at Dec. 31, 2022                            
Retroactive application of recapitalization     $ 3,255 $ 476   10,946,367     (2,047,872)   (8,902,226)      
Retroactive application of recapitalization (in Shares)     32,547,718 4,759,642                        
Issuance of class A common stock     $ 19   265,280             265,299
Issuance of class A common stock (in Shares)     183,865                          
Share-based compensation       52,000             52,000
Net income (loss)         (11,379,116)           (11,379,116)
Balance at Dec. 31, 2023 $ 3,274 $ 476 11,263,647 $ (17,168,101) (17,168,101) $ 2,109,310 $ 9,158,087 $ (5,900,704) (5,900,704)
Balance (in Shares) at Dec. 31, 2023 32,731,583 4,759,642                        
Retroactive application of recapitalization     $ 3,274 $ 476   11,263,647     (2,109,310)   (9,158,087)    
Retroactive application of recapitalization (in Shares)     32,731,583 4,759,642                        
Issuance of class A common stock     $ 581   49,364,419         (6,000,000)   $ 43,365,000
Issuance of class A common stock (in Shares)     5,807,647                         5,807,647
Exercise of warrants     $ 38   45,722           $ 45,760
Exercise of warrants (in Shares)     380,771                          
Reverse capitalization, net of transaction costs     $ 800   (21,028,277)           (21,027,477)
Reverse capitalization, net of transaction costs (in Shares)     8,001,930                          
Exercise of options     $ 214   56,036           56,250
Exercise of options (in Shares)     2,141,839                          
Issuance of True up Shares                              
Net income (loss)         181,555,292         181,555,292
Balance at Mar. 31, 2024     $ 4,907 $ 476   39,701,547   164,387,191       (6,000,000)   198,094,121
Balance (in Shares) at Mar. 31, 2024     49,063,770 4,759,642                        
Balance at Dec. 31, 2023 $ 3,274 $ 476 11,263,647 (17,168,101) (17,168,101) 2,109,310 9,158,087 (5,900,704) $ (5,900,704)
Balance (in Shares) at Dec. 31, 2023 32,731,583 4,759,642                        
Retroactive application of recapitalization $ 3,274 $ 476     11,263,647     (2,109,310)   (9,158,087)      
Retroactive application of recapitalization (in Shares) 32,731,583 4,759,642                            
Issuance of class A common stock $ 705     61,749,295         (6,000,000)   55,750,000  
Issuance of class A common stock (in Shares) 7,046,147                              
Exercise of warrants $ 109     45,651           45,760  
Exercise of warrants (in Shares) 1,086,529                              
Reverse capitalization, net of transaction costs $ 800     (21,028,277)           (21,027,477)  
Reverse capitalization, net of transaction costs (in Shares) 8,001,930                              
Exercise of options $ 229     130,467           130,696  
Exercise of options (in Shares) 2,302,830                             160,991
Subscription proceeds received             6,000,000   6,000,000  
Conversion of class B common stock to class A common stock $ 476 $ (476)                
Conversion of class B common stock to class A common stock (in Shares) 4,759,642 (4,759,642)                            
Share-based compensation     1,416,487           1,416,487  
Net income (loss)       215,695,562         215,695,562 $ 215,695,562
Balance at Dec. 31, 2024 $ 5,593 $ 5,593   $ 53,577,270 53,577,270 $ 198,527,461 198,527,461       $ 252,110,324 252,110,324
Balance (in Shares) at Dec. 31, 2024 55,928,661   55,928,661                          
Exercise of options     $ 15     41,745                 $ 41,760
Exercise of options (in Shares)     147,579                         147,579
Share-based compensation         1,069,076                 $ 1,069,076
Issuance of True up Shares     $ 28     2,082,866                 2,082,894
Issuance of True up Shares (in Shares)     275,880                          
Net income (loss)           14,878,658               14,878,658
Balance at Mar. 31, 2025     $ 5,636     $ 56,770,957   $ 213,406,119               $ 270,182,712
Balance (in Shares) at Mar. 31, 2025     56,352,120