v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($)
Common Stock
Class A
Common Stock
Class B
Common Stock
Class C
Common Stock
Class F
Additional Paid-In Capital
Accumulated Deficit
Noncontrolling Interests
Total
Balance as of beginning at Dec. 31, 2023 $ 10,939 $ 3,346 $ 899 $ 9,807 $ 49,875,530 $ (10,073,191) $ (151,670) $ 39,675,660
Balance as of beginning (in units) at Dec. 31, 2023 10,939,165 3,346,358 898,316 9,807,461        
Stock options exercised       $ 19 71,676     71,695
Stock options exercised (in units)       18,606        
Transfer of common stock     $ 186 $ (186)        
Transfer of common stock (in units)     186,168 (186,168)        
Repurchase of common stock       $ (4) (51,328)     (51,332)
Repurchase of common stock (in units)       (3,620)        
Stock-based compensation expense         1,012,365     1,012,365
Cumulative translation adjustment           (1,825)   (1,825)
Net loss           (14,844,084) (20,199) (14,864,283)
Balance as of ending at Mar. 31, 2024 $ 10,939 $ 3,346 $ 1,085 $ 9,636 50,908,243 (24,919,100) (171,869) 25,842,280
Balance as of ending (in units) at Mar. 31, 2024 10,939,165 3,346,358 1,084,484 9,636,279        
Balance as of beginning at Dec. 31, 2024 $ 11,271 $ 3,005 $ 2,950 $ 9,761 95,472,458 (99,870,749) 8,222,953 $ 3,851,649
Balance as of beginning (in units) at Dec. 31, 2024 11,270,828 3,005,416 2,950,235 9,761,308       26,987,787
Stock options exercised       $ 29 80,487     $ 80,516
Stock options exercised (in units)       29,188        
Issuance of common stock, net of fees     $ 452   14,796,252     14,796,704
Issuance of common stock, net of fees (in units)     451,666          
Repurchase of common stock       $ (2) (65,027)     (65,029)
Repurchase of common stock (in units)     (13) (2,024)        
Stock-based compensation expense         2,632,836     2,632,836
Digital assets market value adjustment           15,962,018   15,962,018
Contributions from noncontrolling interests             228,594 228,594
Redemptions of equity             (6,000,000) (6,000,000)
Net loss           (37,416,910) (26,208) (37,443,118)
Balance as of ending at Mar. 31, 2025 $ 11,271 $ 3,005 $ 3,402 $ 9,788 $ 112,917,006 $ (121,325,641) $ 2,425,339 $ (5,955,830)
Balance as of ending (in units) at Mar. 31, 2025 11,270,828 3,005,416 3,401,888 9,788,472       27,466,604