v3.26.1
Condensed Statements of Operations - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Condensed Statements of Operations    
Revenue $ 244,271 $ 14,720
Cost of revenue   (48)
Gross Profit 244,271 14,672
Operating (Income) Expenses:    
Research and development 286,764 673,043
Selling, general and administrative 4,493,604 2,372,322
Realized gain - digital assets and digital assets receivable (3,623,764)  
Unrealized gain - digital assets (10,973,979)  
Unrealized gain - digital intangible assets receivable (367,251)  
Impairment loss - digital intangible assets 1,231,668  
Net gains (losses) on derivative instruments (39,401)  
Provision for credit losses 504,511  
Net Operating (Income) Expenses (8,487,848) 3,045,365
Income (Loss) From Operations 8,732,119 (3,030,693)
Other Income (Expense):    
Other income, net 90,133 3,687
Gain on extinguishment of liabilities   89,623
Interest expense (225,869) (581,499)
Interest income 244,167 35,349
Total Other Income (Expense), Net 108,431 (452,840)
Net Income (Loss) 8,840,550 (3,483,533)
Dividend to preferred stockholders (815,297)  
Net Income (Loss) Attributable to Participating Securities 8,025,253 (3,483,533)
Less: income allocated to preferred stockholders (4,789,742)  
Net Income (Loss) Available to Common Stockholders $ 3,235,511 $ (3,483,533)
Net Loss per Share    
Net Loss per Share - Basic (in dollars per share) $ 0.3 $ (1.59)
Net Loss per Share - Diluted (in dollars per share) $ 0.26 $ (1.59)
Shares Outstanding    
Shares Outstanding - Basic (in shares) 10,610,679 2,188,938
Shares Outstanding - Diluted (in shares) 12,686,142 2,188,938

Source

10-Q XBRL Zip