v3.25.2
Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (5,346,499) $ (3,829,148)
Adjustments to reconcile net loss to net cash used in operating activities    
Depreciation and amortization 4,076,921 3,851,555
Noncash lease expense 96,373 52,579
Amortization of debt issue costs 42,528 0
Stock compensation 0 76,322
Stock option expense 135,426 221,609
Accrued investment income 0 (25,265)
Accrued interest expense on finance lease 30,553 0
Digital assets other income 0 (4,490)
Gain on fair value of Bitcoin, net (1,898,459) (3,049,956)
Impairment loss on mining machines 0 1,188,058
Unrealized loss (gain) on marketable securities 13,820 (4,280)
Unrealized loss on investment and equity securities 156,874 505,758
Loss on disposal of fixed assets 286,359 42,057
Change in operating assets and liabilities:    
Prepaid expenses and other assets 398,424 3,218,789
Repayments to related party 5,449 30,730
Accounts payable and accrued expenses 540,514 (718,557)
Mining of digital assets (4,080,304) (7,490,981)
Lease liability payments (171,474) (53,044)
Net cash used in operating activities (5,713,495) (5,988,264)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (377,212) (1,226,602)
Proceeds from sale of fixed assets 953,153 78,806
Investment in notes receivable 0 (2,094,351)
Collection of note receivable 200,000 1,449,066
Investment in digital assets - tether (30,315) 0
Proceeds from sale of Bitcoin 3,323,773 4,543,685
Proceeds from the sale of tether 29,460 0
Deposits for mining equipment (986,690) 0
Distribution to members (1,015) (19,616)
Net cash provided by investing activities 3,106,085 2,715,914
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings 0 1,500,000
Insurance financing repayments (410,877) (483,833)
Issue costs (6,285) 0
Net cash provided by (used in) financing activities (417,162) 1,016,167
NET DECREASE IN CASH (3,024,572) (2,256,183)
CASH - BEGINNING OF PERIOD 3,378,152 2,401,831
CASH - END OF PERIOD 353,580 145,648
SUPPLEMENTAL DISCLOSURES OF NON-CASH ACTIVITIES    
Insurance financing 168,324 0
Change in accounting principle (see Note 1) 0 614,106
SUPPLEMENTAL DISCLOSURES OF CASHFLOW INFORMATION    
Cash paid for taxes 0 0
Cash paid for interest 337,850 134,751
Original Product [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net collections of finance receivables (2,434) (14,443)
Special Product [Member]    
CASH FLOWS FROM INVESTING ACTIVITIES:    
Net collections of finance receivables $ (2,635) $ (631)