$BESS

Bimergen Energy Corp

CIK:0001066764|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
REVENUE	$ 7,903,159		$ 7,903,159
COST OF REVENUE	3,090,123		3,090,123
GROSS PROFIT	4,813,036		4,813,036
OPERATING EXPENSES
General & Administrative	3,240,447	816,069	7,005,076	1,673,106
Total Operating Expenses	3,240,447	816,069	7,005,076	1,673,106
INCOME (LOSS) FROM OPERATIONS	1,572,589	(816,069)	(2,192,040)	(1,673,106)
OTHER INCOME (EXPENSE)
Other Income	60,320		86,467	300
Interest Expense	(4,530)	(5,340)	(17,653)	(6,247)
Total Other Income (Expense)	55,790	(5,340)	68,814	(5,947)
NET INCOME (LOSS) BEFORE INCOME TAXES	1,628,379	(821,409)	(2,123,226)	(1,679,053)
BENEFIT (PROVISION) FOR INCOME TAXES
NET INCOME (LOSS)	$ 1,628,379	$ (821,409)	$ (2,123,226)	$ (1,679,053)
BASIC INCOME (LOSS) PER SHARE	$ 0.22	$ (0.16)	$ (0.33)	$ (0.33)
DILUTED INCOME (LOSS) PER SHARE	$ 0.22	$ (0.16)	$ (0.33)	$ (0.33)
WEIGHTED AVERAGE SHARES BASIC	7,392,903	5,059,458	6,352,554	5,094,472
WEIGHTED AVERAGE SHARES DILUTED	7,392,903	5,059,458	6,352,554	5,094,472

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Cash flows from operating activities:
Net loss	$ (2,123,226)	$ (1,679,053)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization	1,017,811
Common Stock issued for services	85,150	117,611
Stock Compensation Expense	3,792,000	602,000
Units in unconsolidated affiliate for services	(500,000)
Non-cash lease expense	10,802
Changes in operating assets and liabilities:
Accounts Receivable	(2,846,500)
Prepaid expenses and other assets	129,319	50,000
Inventory	(28,000)
Accounts payable and accrued liabilities	(335,124)	85,040
Accounts payable and accrued liabilities – Related Parties	(443,808)	364,494
Deposits	(15,321)
Operating lease liabilities	(2,078)
Deferred revenue	(1,193,500)
Net cash used in operating activities	(2,452,475)	(459,908)
Cash flows from financing activities:
Cash from Sale of common stock, pre-funded warrants and warrants	13,600,270
Cost of Financing	(1,346,157)
Proceeds from (Payments to) Short term Loan – Related Parties	(825,700)	415,300
Deferred Offering Costs		(90,135)
Net cash provided by financing activities	11,428,413	325,165
Net increase (decrease) in cash and cash equivalents	8,975,938	(134,743)
Cash and cash equivalents at beginning of period	401,203	156,087
Cash and cash equivalents at end of period	9,377,141	21,344
Supplementary disclosure of non-cash operating, investing and financing activities:
Common stock issued for accounts payable	103,401
Operating lease right-of-use assets in exchange for operating lease liabilites	340,273
Deferred offering costs charged to cost of financing in equity upon completion of the February 2026 offering	393,203
Noncash offering cost - Underwriter Warrants issued in February 2026 offering	$ 298,945

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 9,377,141	$ 401,203
Accounts receivable	2,846,500
Deferred offering costs		393,203
Vendor deposits	1,885,680	1,885,680
Inventory	28,000
Prepaid expenses and other assets	490,369	619,688
Total current assets	14,627,690	3,299,774
Right of Use Asset	329,471
Deposits	15,321
Investment in unconsolidated affiliate	500,000
Intangible assets	22,882,709	23,900,520
Total assets	38,355,191	27,200,294
Current liabilities:
Short Term Loans due to Related Parties		825,700
Current Portion of Lease Liability	40,519
Deferred revenue	3,564,000	4,757,500
Total current liabilities	4,975,999	7,837,013
Long-Term Lease Liability	297,676
Commitments and Contingencies (Note 14)
Stockholders’ equity
Preferred stock, $0.001 par value, 10,000,000 shares authorized, 0 shares issued and outstanding at June 30, 2026, and December 31, 2025, respectively
Common stock: $0.001 par value, 1,000,000,000 shares authorized, 7,097,573 and 3,930,906 shares issued and outstanding at June 30, 2026, and December 31, 2025, respectively	7,098	3,931
Additional paid-in capital	44,945,765	29,107,471
Accumulated deficit	(11,871,347)	(9,748,121)
Total stockholders’ equity	33,081,516	19,363,281
Total liabilities and stockholders’ equity	38,355,191	27,200,294
Nonrelated Party [Member]
Current liabilities:
Accounts payable and accrued liabilities	498,563	937,088
Related Party [Member]
Current assets:
Intangible assets	1,000,000
Current liabilities:
Accounts payable and accrued liabilities	$ 872,917	$ 1,316,725