v3.25.1
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
REVENUES:    
Total revenues $ 44,139,346 $ 21,487,184
COST OF REVENUES (excluding depreciation and amortization stated below):    
Total cost of revenue 7,108,407 2,720,897
GROSS PROFIT 37,030,939 18,766,287
OPERATING EXPENSES:    
Sales and marketing 2,616,000 1,929,944
General and administrative (including stock-based compensation) 12,263,786 11,353,499
Change in fair value of debt (3,362,103) 2,712,627
Unrealized gain on investments (272,254) (1,164,966)
Depreciation and amortization expense 4,758,546 1,682,054
Total operating expenses 16,003,975 16,513,158
OPERATING INCOME 21,026,964 2,253,129
OTHER INCOME (EXPENSE):    
Change in fair value of warrant liability (4,806,000) 946,960
Interest expense (9,618,330) (3,670,445)
Interest income 1,175,001 421,426
Other expense (44,524) (53,028)
Total other (expense) (13,293,853) (2,355,087)
Net income (loss) before provision for income taxes 7,733,111 (101,958)
Income tax expense 2,334,085 1,173,513
NET INCOME (LOSS) 5,399,026 (1,275,471)
LESS: NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST 759,443 73,274
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 4,639,583 $ (1,348,745)
EARNINGS (LOSS) PER SHARE:    
Earnings (loss) per share - basic (in dollars per share) $ 0.05 $ (0.02)
Earnings (loss) per share - diluted (in dollars per share) $ 0.05 $ (0.02)
Weighted-average stock outstanding - basic (in shares) 96,193,199 63,027,246
Weighted-average stock outstanding - diluted (in shares) 97,498,923 63,027,246
NET INCOME (LOSS) $ 5,399,026 $ (1,275,471)
Other comprehensive income (loss), net of tax or tax benefit:    
Change in fair value of debt (risk adjusted) 0 7,436
Comprehensive income (loss) before non-controlling interests 5,399,026 (1,268,035)
Net and comprehensive income attributable to non-controlling interests 759,443 68,760
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS 4,639,583 (1,336,795)
Nonrelated Party    
COST OF REVENUES (excluding depreciation and amortization stated below):    
Total cost of revenue 7,108,407 2,720,212
Related Party    
COST OF REVENUES (excluding depreciation and amortization stated below):    
Total cost of revenue 0 685
Asset management    
REVENUES:    
Total revenues 7,773,077 217,935
Life solutions    
REVENUES:    
Total revenues 36,298,657 21,269,249
Technology services    
REVENUES:    
Total revenues $ 67,612 $ 0