| Segment and Geographic Information |
| | | | | | | | | | | | | | | For the | | For the | | For the | | For the | | | Three Months Ended | | Three Months Ended | | Nine Months Ended | | Nine Months Ended | | | September 30, | | September 30, | | September 30, | | September 30, | | | 2025 | | 2024 | | 2025 | | 2024 | Material sales | | | 4,715,874 | | | 5,092,123 | | | 10,637,304 | | | 11,479,147 | License fees | | | 2,600,000 | | | 133,125 | | | 3,125,000 | | | 273,750 | Other revenues | | | 46,015 | | | 11,742 | | | 74,507 | | | 87,292 | Total revenues | | $ | 7,361,889 | | $ | 5,236,990 | | $ | 13,836,811 | | $ | 11,840,189 | | | | | | | | | | | | | | Material costs | | | (2,557,924) | | | (2,829,784) | | | (5,736,069) | | | (6,055,177) | Blending and milling | | | (110,518) | | | (127,786) | | | (268,643) | | | (312,410) | Shipping | | | (339,987) | | | (417,997) | | | (821,308) | | | (941,768) | Other cost of goods sold | | | (197,856) | | | (151,095) | | | (452,507) | | | (417,317) | Compensation and benefits | | | (1,219,307) | | | (1,031,223) | | | (3,664,564) | | | (5,284,900) | Stock-based compensation | | | (19,641) | | | (133,631) | | | (99,596) | | | (1,040,625) | Amortization and depreciation | | | (105,667) | | | (64,830) | | | (281,796) | | | (184,989) | Consulting fees | | | (344,043) | | | (103,057) | | | (911,017) | | | (403,197) | Professional fees | | | (1,387,156) | | | (963,256) | | | (2,409,608) | | | (3,056,291) | General and administrative | | | (203,872) | | | (511,456) | | | (732,212) | | | (1,198,807) | Change in fair value of profit share | | | (37,619) | | | 282,381 | | | (766,667) | | | (2,672,253) | Interest expense | | | — | | | (7,356) | | | (54) | | | (258,990) | Income tax benefit (expense) | | | (1,611) | | | 283,898 | | | (37,391) | | | 269,717 | Research and development | | | (64,088) | | | — | | | (154,725) | | | — | Interest income | | | 15,412 | | | 80,656 | | | 66,222 | | | 257,483 | Segment net loss | | | 788,012 | | | (457,546) | | | (2,433,124) | | | (9,459,335) | Reconciliation of profit or loss | | | | | | | | | | | | | Adjustments and reconciling items | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | Consolidated net loss | | $ | 788,012 | | | (457,546) | | | (2,433,124) | | | (9,459,335) |
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| | | | | | | | | 2024 | | 2023 | Material sales | | $ | 14,481,784 | | $ | 17,092,996 | License fees | | | 2,808,125 | | | 387,500 | Other revenues | | | 116,276 | | | 144,874 | Total revenues | | | 17,406,185 | | | 17,625,370 | | | | | | | | Material costs | | | (7,686,447) | | | (8,898,747) | Blending and milling | | | (377,598) | | | (769,167) | Shipping | | | (1,081,781) | | | (1,380,051) | Other cost of goods sold | | | (700,279) | | | (652,688) | Compensation and benefits | | | (6,148,100) | | | (2,577,473) | Stock-based compensation | | | (1,088,922) | | | (573,783) | Amortization and depreciation | | | (248,084) | | | (228,962) | Consulting fees | | | (879,800) | | | (109,381) | Professional fees | | | (4,722,313) | | | (9,717,572) | General and administrative | | | (1,588,129) | | | (1,471,311) | Change in fair value of profit share | | | (3,959,065) | | | (11,209,677) | Interest expense | | | (267,458) | | | (1,362,401) | Impairment loss | | | (43,000) | | | (219,707) | Income tax benefit (expense) | | | 289,156 | | | (473,213) | Income from legal claims | | | — | | | 27,607,776 | Interest income | | | 293,524 | | | 79,301 | Segment net (loss) income | | | (10,802,111) | | | 5,668,314 | Reconciliation of profit or loss | | | | | | | Adjustments and reconciling items | | | — | | | — | | | | | | | | Consolidated net (loss) income | | $ | (10,802,111) | | $ | 5,668,314 |
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