v3.25.4
Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2025
Dec. 31, 2024
Sep. 30, 2024
Sep. 30, 2023
CURRENT ASSETS:        
Cash and cash equivalents $ 7,611,465 $ 6,897,697 $ 373 $ 7,849
Digital assets 32,182    
Due from affiliates 243,915    
Other current assets 730,894 107,648 244,086 7,851
Current assets from discontinued operations 1,089,052 721,250 2,912,708
TOTAL CURRENT ASSETS 13,118,456 9,094,397 965,709 2,928,408
NON-CURRENT ASSETS:        
Right-of-use asset, operating lease 153,569    
Fixed assets, net 15,883    
Investment   391,217
Other assets from discontinued operations 14,887 19,290 33,000
TOTAL NON-CURRENT ASSETS 169,452 14,887 19,290 424,217
TOTAL ASSETS 13,287,908 9,109,284 984,999 3,352,625
CURRENT LIABILITIES:        
Accounts payable 87,420 69,600
Operating lease liability, current portion 78,575    
Convertible notes payable, net 706,354 [1] 818,009 [1] [1]
Note payable, net 64,399 54,198
Due to affiliates 233,068 42,471 42,471 1,255,820
Accrued expenses and other current liabilities 816,224 1,167,315 1,444,143 524,809
Stock purchase warrant liabilities 40,740,193 164,770,525
Derivative liability 847,753
Current liabilities from discontinued operations 3,162,509 3,083,956 7,342,836
TOTAL CURRENT LIABILITIES 43,630,885 171,450,366 7,070,071 9,123,465
NON-CURRENT LIABILITIES:        
Operating lease liability, net of current portion 74,994    
Non-current liabilities from discontinued operations 17,368 28,836 151,827
TOTAL NON-CURRENT LIABILITIES 74,994 1,009,027 1,012,641 422,390
TOTAL LIABILITIES 43,705,879 172,459,393 8,082,712 9,545,855
COMMITMENTS AND CONTINGENCIES    
STOCKHOLDERS’ DEFICIT:        
Preferred stock, value [2] [2] [2]
Common stock, value 1,110 493 [2] 209 [2] 126 [2]
Additional paid-in capital 81,047,703 37,759,589 [2] 33,334,725 [2] 25,543,929 [2]
Accumulated deficit (111,464,507) (201,075,743) [2] (40,287,764) [2] (31,769,244) [2]
Accumulated other comprehensive (loss)/income (2,277) (34,448) [2] (144,883) [2] 31,959 [2]
TOTAL STOCKHOLDERS’ DEFICIT (30,417,971) (163,350,109) [2] (7,097,713) [2] (6,193,230) [2]
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT 13,287,908 9,109,284 984,999 3,352,625
Related Party        
CURRENT ASSETS:        
Advances – related party   1,000,000
Note receivable - related party 4,500,000 1,000,000    
CURRENT LIABILITIES:        
Loans payable - related parties, current 1,566,988 619,440 1,627,294
Interest payable - related parties, current 108,417    
NON-CURRENT LIABILITIES:        
Loan payable - related parties, net of current portion 947,548 939,694 270,000
Interest payable - related parties, net of current portion $ 44,111 $ 44,111 $ 563
[1] Retroactively restated to include the Additional September 2024 Notes as described in Note 9.
[2] Retroactively restated for the reverse recapitalization as described in Note 1 and Note 4 and the one-for-eight reverse stock split described in Note 10.