v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue:        
Total revenue $ 87,641,416 $ 16,506,426 $ 135,082,056 $ 45,364,632
Operating expenses:        
Cost of revenues 27,286,383 9,787,029 46,766,587 23,701,627
Selling and marketing 61,510,343 16,328,695 112,035,657 37,821,260
General and administrative 9,838,725 4,670,798 17,205,979 9,913,236
Research and development 3,757,264 3,668,698 7,115,168 8,033,936
Legal expense 6,685,984 5,280,402 7,100,497 8,709,589
Total operating expenses 109,078,699 39,735,622 190,223,888 88,179,648
Operating loss (21,437,283) (23,229,196) (55,141,832) (42,815,016)
Other income (expense):        
Net gain on digital assets 7,452,328 732,410 4,153,223 732,410
Interest expense (2,742,902) (945,279) (4,307,057) (1,517,070)
Interest income 1,408,200 936,241 2,532,891 1,826,501
Impairment of failed acquisition (500,000)   (500,000)  
Total other income 5,617,626 723,372 1,879,057 1,041,841
Loss before income tax benefit (15,819,657) (22,505,824) (53,262,775) (41,773,175)
Income tax benefit       (4,403,068)
Net loss (15,819,657) (22,505,824) (53,262,775) (37,370,107)
Net income (loss) attributable to noncontrolling interests 62,865 (23,011) 36,657 (43,210)
Net loss attributable to controlling interests $ (15,882,522) $ (22,482,813) $ (53,299,432) $ (37,326,897)
Net loss per common share - basic $ (0.569) $ (0.889) $ (1.933) $ (1.485)
Net loss per common share - diluted $ (0.569) $ (0.889) $ (1.933) $ (1.485)
Weighted average common shares outstanding - basic 27,928,342 25,276,878 27,574,641 25,138,698
Weighted average common shares outstanding - diluted 27,928,342 25,276,878 27,574,641 25,138,698
Licensed content and other revenue        
Revenue:        
Total revenue $ 87,397,850 $ 15,306,128 $ 133,604,594 $ 40,576,400
Pay it Forward revenue        
Revenue:        
Total revenue $ 243,566 $ 1,200,298 $ 1,477,462 $ 4,788,232