v3.26.1
Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Statements of Operations    
Revenue $ 813,455 $ 57,336
Cost of revenue (303,290) (3,927,228)
Gross Profit (Loss) 510,165 (3,869,892)
Operating (Income) Expenses:    
Research and development 1,910,430 14,462,722
Selling, general and administrative 17,175,698 14,333,114
Realized gain - digital assets (8,321,844)  
Unrealized loss - digital assets 9,030,413  
Impairment loss - digital assets 27,188,768  
Impairment loss - other assets   11,207,897
Gain on covered call option (157,570)  
Provision for credit losses 405,331  
Reacquisition of license rights   4,864,600
Net Operating Expenses 47,231,226 44,868,333
Loss From Operations (46,721,061) (48,738,225)
Other Income (Expense):    
Other income (expense), net 389,685 (90,601)
Gain on extinguishment of liabilities 2,334,711  
Change in fair value of equity consideration payable   1,240,800
Interest expense (1,557,788) (2,484,431)
Interest income 240,018 254,024
Total Other Income (Expense), Net 1,406,626 (1,080,208)
Net Loss (45,314,435) (49,818,433)
Dividend to preferred stockholders (1,684,783)  
Net Loss Attributable to Common Stockholders $ (46,999,218) $ (49,818,433)
Net Loss per Share    
Net Loss per Share - Basic (in dollars per share) $ (9.4) $ (59.81)
Net Loss per Share - Diluted (in dollars per share) $ (9.4) $ (59.81)
Shares Outstanding    
Shares Outstanding - Basic (in shares) 5,000,331 832,997
Shares Outstanding - Diluted (in shares) 5,000,331 832,997

Source

10-K XBRL Zip