|
Q3 FY2025
As of Sep 30, 2025
|
Q2 FY2025
As of Jun 30, 2025
|
Q1 FY2025
As of Mar 31, 2025
|
Q4 FY2024
As of Dec 31, 2024
|
Q3 FY2024
As of Sep 30, 2024
|
Q2 FY2024
As of Jun 30, 2024
|
Q1 FY2024
As of Mar 31, 2024
|
Q4 FY2023
As of Dec 31, 2023
|
Q3 FY2023
As of Sep 30, 2023
|
Q2 FY2023
As of Jun 30, 2023
|
Q1 FY2023
As of Mar 31, 2023
|
Q4 FY2022
As of Dec 31, 2022
|
Q3 FY2022
As of Sep 30, 2022
|
Q2 FY2022
As of Jun 30, 2022
|
Q1 FY2022
As of Mar 31, 2022
|
Q4 FY2021
As of Dec 31, 2021
|
Q3 FY2021
As of Sep 30, 2021
|
Q2 FY2021
As of Jun 30, 2021
|
Q1 FY2021
As of Mar 31, 2021
|
Q4 FY2020
As of Dec 31, 2020
|
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||||||||||
| Current assets: | ||||||||||||||||||||
| Cash and cash equivalents | ||||||||||||||||||||
| Prepaid expenses | ||||||||||||||||||||
| Cash held in trust account | ||||||||||||||||||||
| Available for sale debt securities (amortized cost $9,603,971 and $2,488,518 as of September 30, 2025 and December 31, 2024, respectively) | ||||||||||||||||||||
| Accounts receivable | ||||||||||||||||||||
| Prepaid expenses and current assets | ||||||||||||||||||||
| Total current assets | ||||||||||||||||||||
| Cash held in trust account | ||||||||||||||||||||
| Property and equipment, net | ||||||||||||||||||||
| Rent receivable | ||||||||||||||||||||
| Investment in real estate, net | ||||||||||||||||||||
| Goodwill | ||||||||||||||||||||
| Intangible assets, net | ||||||||||||||||||||
| Equity investments at fair value - EchoStar Holdings | ||||||||||||||||||||
| Deferred tax asset | ||||||||||||||||||||
| Deferred tax asset, net | ||||||||||||||||||||
| Deferred research and development tax credit | ||||||||||||||||||||
| Total assets | ||||||||||||||||||||
| Liabilities and Stockholders' Deficit: | ||||||||||||||||||||
| Current liabilities: | ||||||||||||||||||||
| Accounts payable | ||||||||||||||||||||
| Deferred Rent | ||||||||||||||||||||
| Accrued expenses and other current liabilities | ||||||||||||||||||||
| Deferred income | ||||||||||||||||||||
| Working capital loan - related party | ||||||||||||||||||||
| Extension notes - related party | ||||||||||||||||||||
| Accrued expenses | ||||||||||||||||||||
| Contingent consideration | ||||||||||||||||||||
| Current portion of long term debt | ||||||||||||||||||||
| Excise tax payable | ||||||||||||||||||||
| Income taxes payable | ||||||||||||||||||||
| Total current liabilities | ||||||||||||||||||||
| Deferred legal fees | ||||||||||||||||||||
| Deferred underwriting fee payable | ||||||||||||||||||||
| Contingent consideration - non-current | ||||||||||||||||||||
| Security deposit | ||||||||||||||||||||
| Equity forward liability | ||||||||||||||||||||
| Long term debt | ||||||||||||||||||||
| Deferred tax liability | ||||||||||||||||||||
| Convertible preferred stock liability | ||||||||||||||||||||
| Derivative warrant liabilities | ||||||||||||||||||||
| Total liabilities | ||||||||||||||||||||
| Class A common stock subject to possible redemption, 0 shares outstanding at December 31, 2024 and 2,090,269 shares at redemption value of $10.51 per share at December 31, 2023 | ||||||||||||||||||||
| Class A common stock | ||||||||||||||||||||
| Class A Common Stock Subject to Redemption | ||||||||||||||||||||
| Stockholders' Deficit: | ||||||||||||||||||||
| Class A common stock, $0.0001 par value; 500,000,000 shares authorized; 18,928,585 shares issued and outstanding at September 30, 2025 and December 31, 2024 | ||||||||||||||||||||
| Class A common stock | ||||||||||||||||||||
| Class A common stock not subject to possible redemption | ||||||||||||||||||||
| Total class A common stock | ||||||||||||||||||||
| Class B common stock | ||||||||||||||||||||
| Additional paid-in capital | ||||||||||||||||||||
| Accumulated other comprehensive income | ||||||||||||||||||||
| Retained earnings (Accumulated deficit) | ||||||||||||||||||||
| Stockholders' Equity (Deficit): | ||||||||||||||||||||
| Total Stockholders' Equity (Deficit): | ||||||||||||||||||||
| Total Liabilities and Stockholders' Equity (Deficit) | ||||||||||||||||||||
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