v3.25.2
Condensed Consolidated Interim Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues $ 25,084,631 $ 22,469,543 $ 48,791,421 $ 40,202,999
Expenses        
Cost of services (content, hosting, and other) 26,542,307 35,692,133 56,578,481 67,520,487
General and administrative 11,666,331 10,415,016 28,300,054 19,737,395
Research and development 4,825,884 5,319,230 9,614,995 9,847,022
Sales and marketing 7,891,526 6,274,749 11,530,452 9,571,491
Acquisition-related transaction costs 2,388,105 2,388,105
Amortization and depreciation 3,602,160 3,564,219 6,894,869 5,990,361
Changes in fair value of digital assets (5,192,441) (3,493,025)
Changes in fair value of contingent consideration 17,768 1,354,357
Total expenses 51,723,872 61,283,115 111,813,931 114,021,113
Loss from operations (26,639,241) (38,813,572) (63,022,510) (73,818,114)
Interest income 2,898,945 2,174,166 5,083,231 4,696,118
Other expense (22,773) (3,869) (47,377) (73,577)
Changes in fair value of derivative 9,700,000
Changes in fair value of warrant liability (6,461,861) 10,014,200 15,442,843 (723,695)
Loss before income taxes (30,224,930) (26,629,075) (32,843,813) (69,919,268)
Income tax expense (151,625) (31,310) (151,472)
Net loss $ (30,224,930) $ (26,780,700) $ (32,875,123) $ (70,070,740)
Loss per share – basic (in Dollars per share) $ (0.12) $ (0.13) $ (0.13) $ (0.35)
Loss per share – diluted (in Dollars per share) $ (0.12) $ (0.13) $ (0.13) $ (0.35)
Weighted-average number of common shares used in computing net loss per share - basic (in Shares) 260,327,707 204,091,819 248,754,135 202,998,041
Weighted-average number of common shares used in computing net loss per share - diluted (in Shares) 260,327,707 204,091,819 248,754,135 202,998,041
Total share-based compensation expense $ 5,379,294 $ 6,557,381 $ 14,064,097 $ 11,320,275
Cost of services (content, hosting, and other)        
Expenses        
Total share-based compensation expense 1,036,433 2,538,203 2,563,013 2,927,113
General and administrative        
Expenses        
Total share-based compensation expense 2,950,885 3,061,516 9,235,196 7,037,387
Research and development        
Expenses        
Total share-based compensation expense 915,006 666,468 1,541,441 937,340
Sales and marketing        
Expenses        
Total share-based compensation expense $ 476,970 $ 291,194 $ 724,447 $ 418,435