v3.26.1
Condensed Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 7,380,922 $ 6,443,467
Prepaid expenses and other current assets 1,423,025 802,342
Total Current Assets 8,803,947 7,245,809
Digital assets 25,422,127 16,345,347
Digital assets receivable, net 10,376,105 6,935,131
Digital intangible assets 16,033,758 20,591,555
Digital intangible assets receivable, net 8,907,419  
Operating lease right-of-use asset 340,407 415,998
Other assets 182,200 230,416
Total Assets 70,065,963 51,764,256
Current Liabilities:    
Accounts payable 428,266 317,900
Accrued expenses and other current liabilities 2,070,181 1,871,106
Operating lease liabilities - current portion 465,245 512,007
Notes payable - current portion 1,509,326  
Total Current Liabilities 4,473,018 2,701,013
Notes payable - non-current portion 6,965,557 7,796,136
Operating lease liabilities, non-current portion 132,424 206,600
Total Liabilities 11,570,999 10,703,749
Commitments and contingencies (Note 9)
Stockholders' Equity    
Preferred stock, $0.0001 par value, 60,000,000 shares authorized; Series A Non-Voting Convertible Preferred Stock, 5,435,898 shares designated; 5,235,897 and 5,435,897 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively with a liquidation preference of $50,768,000 as of March 31, 2026 524 544
Common stock, $0.0001 par value, 600,000,000 shares authorized; 11,428,482 shares issued and outstanding as of March 31, 2026;8,762,329 shares issued and 8,680,005 shares outstanding as of December 31, 2025, respectively 1,143 876
Additional paid-in-capital 290,277,174 281,937,072
Treasury stock, at cost, 0 and 82,324 shares as of March 31, 2026 and December 31, 2025, respectively   (253,558)
Accumulated deficit (231,783,877) (240,624,427)
Total Stockholders' Equity 58,494,964 41,060,507
Total Liabilities and Stockholders' Equity $ 70,065,963 $ 51,764,256

Source

10-Q XBRL Zip