J-Star Holding Co., Ltd. (YMAT) AI Dilution Summary

Cash was $649,106 at 2024-12-31 against estimated monthly burn of $254,811. After that balance-sheet date, the company received a $8,249,052 net related-party loan on 2025-12-13 and $2,102,566 net from its IPO closed 2025-07-31. The primary driver is the $35,000,000 equity line with Hudson Global Ventures, LLC, which ends 2029-09-24.