$FBDT

First Breach, Inc.

CIK:0001892704|SEC Filings

Condensed 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]
Net revenues	$ 95,353	$ 95,219	$ 361,357	$ 110,905
Cost of revenues	605,866	592,348	1,235,716	919,844
Net loss associated with liquidation of raw materials		298,771		684,960
Gross margin	(510,513)	(795,900)	(874,359)	(1,493,899)
Operating expenses:
Selling, general, and administrative expense	11,202,485	873,299	25,288,394	1,345,881
Research and development	126,313		126,313
Total operating expenses	11,328,798	873,299	25,414,707	1,345,881
Loss from operations	(11,839,311)	(1,669,199)	(26,289,066)	(2,839,780)
Other expense, net:
Interest expense, net	(1,860,323)	(582,123)	(2,004,679)	(988,452)
Amortization of deferred financing costs	(191,590)		(191,590)
Change in fair value of warrant liability	45,094		45,094
Loss on sale of assets	(16,758)	(1,906)	(56,215)	(1,906)
Other income		25,500		42,500
Other expense	(13,389)	(10,260)	(26,776)	(20,525)
Total other expense, net	(2,036,966)	(568,789)	(2,234,166)	(968,383)
Net loss before income taxes	(13,876,277)	(2,237,988)	(28,523,232)	(3,808,163)
Income tax provision
Net loss	$ (13,876,277)	$ (2,237,988)	$ (28,523,232)	$ (3,808,163)
Net loss per share:
Basic	$ (0.26)	$ (0.06)	$ (0.54)	$ (0.10)
Diluted	$ (0.26)	$ (0.06)	$ (0.54)	$ (0.10)
Weighted average number of shares outstanding
Basic	54,112,845	37,784,611	52,767,635	37,784,611
Diluted	54,112,845	37,784,611	52,767,635	37,784,611

Condensed Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2026	Mar. 31, 2026	Jun. 30, 2025	Mar. 31, 2025	Jun. 30, 2026	Jun. 30, 2025	Dec. 31, 2025
Cash flows from operating activities:
Net loss	$ (13,876,277)	$ (14,646,955)	$ (2,237,988)	$ (1,570,175)	$ (28,523,232)	$ (3,808,163)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock-based compensation					21,962,399
Issuance of stocks for services					184,008
Depreciation and amortization	347,135		333,177		682,374	665,743
Amortization of debt discount					129,278	135,565
Amortization of debt discount - warrant feature and OID interest					1,559,510	433,458
Change in fair value of warrant liability	(45,094)				(45,094)
Amortization of deferred financing costs	191,590				191,590
Non-cash PIK interest					30,393	143,731
Loss on sale of asset					(56,215)	(1,906)
Right-of-use assets, net of lease liabilities					(4,001)	2,146
Changes in operating assets and liabilities:
Accounts receivable					25,305	11,825
Inventories					130,880	1,120,416
Prepaid and other current assets					(1,208,888)	(14,985)
Accounts payable					(720,214)	567,390
Contract liabilities						(54,410)
Net cash used in operating activities					(5,759,482)	(570,882)
Cash flows from investing activities:
Proceeds from sale of assets						78,000
Capitalized expenditures					(1,682,684)	(88,368)
Net cash used in investing activities					(1,682,684)	(10,368)
Cash flows from financing activities:
Proceeds from convertible notes payable					10,150,000	1,350,000
Principal payments on financing lease					(598,766)	(597,117)
Proceeds from issuance on equity offerings					1,342,003
Payments on note payable					(34,689)	(564)
Debt issuance and deferred direct listing costs					(970,000)
Net cash provided by financing activities					9,888,548	752,319
Net change to cash					2,446,382	171,069
Cash, beginning of period		$ 2,477,122		$ 434,613	2,477,122	434,613	$ 434,613
Cash, end of period	$ 4,923,504		$ 605,682		4,923,504	605,682	$ 2,477,122
Supplemental disclosure of cash flow information:
Cash paid for interest					203,009	262,496
Supplemental non-cash financing activities
Original issue discount on debt					5,465,385
Warrant liabilities recognized as debt discounts					2,592,796
Issuance of warrants in conjunction with convertible notes payable						586,813
Nonrelated Party [Member]
Changes in operating assets and liabilities:
Accrued liabilities					330,703	234,508
Related Party [Member]
Changes in operating assets and liabilities:
Accrued liabilities					$ (428,278)	$ (6,200)

Condensed Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current Assets
Cash	$ 4,923,504	$ 2,477,122
Accounts receivable	26,584	51,889
Inventories, net	787,479	918,359
Prepaid assets	1,255,080	46,192
Total Current Assets	6,992,647	3,493,562
Property and equipment, net	9,258,482	8,201,957
Right-of-use assets	1,093,493	1,271,638
Other assets	273,622	53,625
Total assets	17,618,244	13,020,782
Current Liabilities
Accounts payable	1,321,695	2,041,908
Convertible notes payable, net of debt discount - current portion	9,348,543	284,146
Warrant liability, at fair value	2,547,702
Operating lease liability - current portion	387,521	372,665
Financing lease liability - current portion	1,037,003	893,710
Total current liabilities	15,227,419	4,631,271
Long-term liabilities:
Note payable		27,523
Convertible notes payable, net of debt discount		201,215
Operating lease liability - net of current portion	791,469	988,471
Financing lease liability - net of current portion	229,697	767,822
Total liabilities	16,248,585	6,616,302
Commitments and contingencies (Note 17)
Stockholders’ equity
Preferred stock, $0.0001 par value, 1,000,000 authorized, no shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively
Common stock, $0.0001 par value, 500,000,000 and 100,000,000 authorized, 49,152,702 and 44,500,111 shares issued and outstanding as of June 30, 2026 and December 31, 2025 respectively	4,915	4,450
Additional paid-in capital	65,131,098	41,643,152
Accumulated deficit	(63,766,354)	(35,243,122)
Total stockholders’ equity	1,369,659	6,404,480
Total liabilities and stockholders’ equity	17,618,244	13,020,782
Nonrelated Party [Member]
Current Liabilities
Accrued liabilities	413,216	431,659
Note payable - current portion		7,166
Related Party [Member]
Current Liabilities
Accrued liabilities		428,278
Employee loan payable, related party	121,739	121,739
Note payable - current portion	$ 50,000	$ 50,000