v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenue:    
Total revenue $ 47,440,640 $ 28,858,206
Operating expenses:    
Cost of revenues 17,767,225 13,650,851
Selling and marketing 52,238,293 21,756,313
General and administrative 7,367,254 5,242,437
Research and development 3,357,904 4,365,238
Legal expense 414,513 3,429,187
Total operating expenses 81,145,189 48,444,026
Operating loss (33,704,549) (19,585,820)
Other income (expense):    
Net gain (loss) on digital assets (3,299,105)  
Interest expense (1,564,155) (571,791)
Interest income 1,124,691 890,260
Total other income (expense), net (3,738,569) 318,469
Loss before income tax benefit (37,443,118) (19,267,351)
Income tax benefit   (4,403,068)
Net loss (37,443,118) (14,864,283)
Net loss attributable to noncontrolling interests (26,208) (20,199)
Net loss attributable to controlling interests $ (37,416,910) $ (14,844,084)
Net loss per common share - basic $ (1.375) $ (0.594)
Net loss per common share - diluted $ (1.375) $ (0.594)
Weighted average common shares outstanding - basic 27,217,011 25,000,518
Weighted average common shares outstanding - diluted 27,217,011 25,000,518
Licensed content and other revenue    
Revenue:    
Total revenue $ 46,206,744 $ 25,270,272
Pay it Forward revenue    
Revenue:    
Total revenue $ 1,233,896 $ 3,587,934