v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income (loss) $ 4,995,352 $ (7,042,730)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 6,987 6,545
Amortization 1,714,285 1,714,286
Bad debt expense 188,441 50,972
Fair value of investments - other received for fees (1,188,213) (1,316,054)
Impairment of investments - other received for fees 1,055,631 658,462
Stock-based compensation 5,177,518 5,319,914
Changes in operating assets and liabilities:    
Accounts receivable 2,024,693 (709,177)
Other current assets (305,482) (347,783)
StartEngine Private stock purchases (46,855,942) (7,775,453)
Proceeds from sale of StartEngine Private stock 40,981,661 7,860,528
Due from related parties 12,470  
Accounts payable (251,218) 23,275
Due to related parties 1,041,236  
Accrued liabilities 1,607,454 190,364
Deferred revenue 843,405 (641,129)
Net cash provided by (used in) operating activities 11,048,278 (2,007,980)
Cash flows from investing activities:    
Investments - Collectibles sales, gross   (20,055)
Purchase of property and equipment (7,236) (6,918)
Proceeds from sale of real estate 1,479,310  
Net cash provided by (used in) investing activities 1,472,074 (26,973)
Cash flows from financing activities:    
Proceeds from sale of common stock 8,430,926 201,476
Offering costs (5,584,525)  
Proceeds from exercise of employee stock options 106,034 13,965
Net cash provided by financing activities 2,952,435 215,441
Increase (decrease) in cash and restricted cash 15,472,787 (1,819,512)
Cash and restricted cash, beginning of period 10,842,297 12,656,298
Cash and restricted cash, end of period 26,315,084 10,836,786
Supplemental disclosures of cash flow information:    
Cash paid for income taxes $ 47,510 $ 81,918