Financial Performance - For the three months ended September 30, 2025, the company reported revenues of $295,357, with a cost of goods sold of $219,939, resulting in a net loss of $19,349,120[146][149]. - For the nine months ended September 30, 2025, the company generated revenues of $808,972 and incurred a net loss of $49,227,634[154][157]. - The total operating expenses for the three months ended September 30, 2025, were $19,243,743, a significant increase of $17,173,394 compared to $2,070,349 for the same period in 2024[147][153]. - The company incurred $18,288,430 in settlement expenses for the nine months ended September 30, 2025, impacting its overall financial performance[156][157]. - For the nine months ended September 30, 2025, total operating expenses increased to $30,723,778 from $7,605,307 in 2024, reflecting a change of $23,058,021[162]. - Cash used in operating activities for the nine months ended September 30, 2025, was $4,390,720, with a net loss from continuing operations of $49,227,634[167]. - As of September 30, 2025, the company had negative working capital of $1,408,859, with $1,340,186 in cash and $1,442,605 in inventory[163]. - Non-current liabilities included $4,537,552 in convertible debt at fair value and $2,500,000 in the form of a promissory note[164]. Operating Expenses - Share-based compensation accounted for $17,192,340 of the total operating expenses for the three months ended September 30, 2025, reflecting large issuances to employees and contractors[147][153]. - Share-based compensation rose significantly to $25,105,979 in 2025 from $4,212,809 in 2024, an increase of $20,893,170[162]. Business Operations and Strategy - The company has over 1,400 preorders as of September 30, 2025, and began fulfilling orders in the first quarter of 2025[140]. - The company launched its flagship store at the LAX/Metro Transit Station on June 6, 2025, marking a significant milestone in its market expansion[140]. - The company has established a full assembly production facility in Las Vegas, Nevada, to meet market demand for its autonomous store technology[139]. - The company’s business model leverages advanced technologies such as AI and robotics to create a fully autonomous shopping experience, aiming to revolutionize retail[133][139]. - The company has faced challenges in establishing successful business operations due to its limited operating history and incurred a net loss since inception[141]. Funding and Financial Needs - The company generated $5,034,595 from financing activities, including $3,500,000 from warrant issuance and $795,891 from crowdfunding[169]. - The company expects operating cash requirements and contractual obligations to total $4,599,358 over the next 12 months, indicating a need for additional financing[176]. - The company anticipates ongoing funding needs to support growth and expansion, dependent on securing additional financing[176]. - The planned equity raise is expected to materially change the mix of capital resources, reducing reliance on debt facilities[174]. Research and Development - Research and development expenses for the nine months ended September 30, 2025, included costs related to the assembly of flagship stores and capitalized software[168].