v3.25.4
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities    
Net loss $ (117,728,051) $ (1,861,109)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 137,762 79,750
Change in fair value of digital assets 88,699,929
Accretion of note payable discount 20,000 4,609
Non-cash interest expense 168,708 87,140
Stock based compensation 7,841,355 331,802
Non-cash professional fees 14,932,750
Non-cash lease expense (2,090) (67)
Provision for bad debt and write-off on uncollectable accounts 32,466 23,380
Foreign exchange (gain)/loss 3,242
Changes in operating assets and liabilities:    
Accounts receivable 186,465 4,532
Inventory (737) (46,302)
Prepaid expenses (974,274) (166,598)
Deferred revenue (10,395)
Due to related parties (213,701) (43,034)
Accounts payable and accrued liabilities (271,220) (66,038)
Net cash used in operating activities (7,167,396) (1,662,330)
Cash flows from investing activities    
Purchase of property and equipment (17,074) (9,065)
Purchase of digital assets (148,605,650)
Net cash used in investing activities (148,622,724) (9,065)
Cash flows from financing activities    
Proceeds from at-the-market offering 25,608,235
Proceeds from private placement of pre-funded warrants, net 137,907,255
Proceeds from exercise of warrants 370,288
Proceeds from issuance of loans from related parties 232,193
Proceeds from subscription advance 300,000
Payments of deferred offering costs (1,078,967)
Repayments of notes payable (660,000) (316,920)
Repayments of loans due to related parties (425,241)
Net cash provided by financing activities 161,721,570 215,273
Effect of exchange rate changes on cash and cash equivalents 10,944
Net increase (decrease) in cash 5,942,393 (1,456,122)
Cash and cash equivalents at beginning of period 1,460,997 2,016,611
Cash and cash equivalents at the end of period 7,403,390 560,489
Supplementary cash flow disclosure    
Cash paid for interest 80,448 29,379
Supplementary schedule of non-cash investing and financing activities    
Debt to equity conversion 3,920,314
Digital assets received in connection with pre-funded warrants $ 31,057,448