v3.25.2
Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities    
Net loss for the period $ (32,875,123) $ (70,070,740)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization and depreciation 6,894,869 5,990,361
Share-based compensation 14,064,097 8,605,289
Non-cash interest expense 51,888
Non-cash lease expense 549,603 535,930
Net trade and barter revenue and expense 2,881,127 3,000,000
Change in fair value of derivative (9,700,000)
Change in fair value of warrants (15,442,843) 723,695
Change in fair value of contingent consideration 1,354,357
Change in fair value of digital assets (3,493,025)
Loss on disposal of property and equipment 6,627
Loss on lease termination 925
Changes in operating assets and liabilities:    
Accounts receivable (3,063,864) (4,653,134)
Prepaid expenses and other 6,565,724 (4,845,637)
Accounts payable and accrued liabilities 2,279,372 155,289
Deferred revenue 1,446,896 3,105,220
Deferred tax liability 1,030,757
Operating lease liabilities (490,522) (575,345)
Net cash used in operating activities (30,376,137) (55,592,070)
Investing activities    
Purchase of property and equipment (362,727) (1,790,891)
Purchase of intangible assets (1,289,278) (3,499,502)
Purchase of digital assets (19,100,000)
Cash paid to non-accredited investors in connection with Callin acquisition (204,846)
Cash paid in connection with North River acquisition (3,654,500)
Net cash used in investing activities (20,752,005) (9,149,739)
Financing activities    
Taxes paid from net share settlement for share-based compensation (1,744,613) (788,128)
Proceeds from the exercise of warrants and stock options 1,964,610 294,781
Proceeds from issuance of Class A Common Stock under ESPP 129,374
Proceeds from issuance of Class A Common Stock 775,000,000
Repurchase of Class A Common Stock (525,000,000)
Share issuance costs (29,429,791)
Net cash provided by (used in) financing activities 220,919,580 (493,347)
Increase/ (decrease) in cash and cash equivalents during the period 169,791,438 (65,235,156)
Cash and cash equivalents, beginning of period 114,018,900 218,338,658
Cash and cash equivalents, end of period 283,810,338 153,103,502
Supplemental cash flow information    
Cash paid for income taxes 33,755 146,865
Cash paid for lease liabilities 449,945 535,930
Non-cash investing and financing activities:    
Class A Common Stock issued to settle contingent consideration liability 1,404,753
Property and equipment in accounts payable and accrued liabilities 197,449 863,860
Recognition of operating right-of-use assets in exchange of operating lease Liabilities, net of derecognition of terminated leases 949,534 565,760
Share-based compensation capitalized related to intangible assets $ 227,848 $ 265,490