v3.26.1
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
EXPENSES    
General and administrative $ 8,822,300 $ 4,204,558
Research and development 184,796 1,197,162
Credit loss expense - short-term note receivable 4,195,000 360,000
Total expenses 13,202,096 5,761,720
LOSS FROM OPERATIONS (13,202,096) (5,761,720)
OTHER EXPENSE (INCOME), NET    
Gain on change in fair value of warrant liabilities (127,297) (415,810)
Gain on change in fair value of derivative liabilities (191,068)
Gain on change in fair value of convertible debt (37,707)
Interest expense 988,500 908,943
Interest income (742,018) (128,795)
Loss on issuance of convertible debt 91,943 358,279
Net loss on digital assets 3,588,106
Gain on voluntary conversion of convertible debt into common stock (56,010)
Loss on debt extinguishment 56,997
Loss on monthly redemptions of convertible debt into common stock 208,852
Gain on settlements of accounts payable (348,305)
Other expense (income), net 2,252 (1,946)
Total other expense (income), net 3,763,779 391,137
LOSS BEFORE PROVISION FOR INCOME TAXES (16,965,875) (6,152,857)
PROVISION FOR INCOME TAXES 0 6,334
NET LOSS FROM CONTINUING OPERATIONS (16,965,875) (6,159,191)
DISCONTINUED OPERATIONS    
Loss on disposal of discontinued operations, net of tax (100,000)
LOSS FROM DISCONTINUED OPERATIONS (100,000)
NET LOSS (16,965,875) (6,259,191)
Deemed dividend arising from preferred stock and warrant down-round provision (2,562,867) (87,604)
Net loss attributable to shareholders $ (19,528,742) $ (6,346,795)
Net loss per common share, basic - continuing operations $ (8.11) $ (17.27)
Net loss per common share, diluted - continuing operations (8.11) (17.27)
Net loss per common share, basic - discontinued operations (0.28)
Net loss per common share, diluted - discontinued operations (0.28)
Total net loss per common share, basic (8.11) (17.55)
Total net loss per common share, diluted $ (8.11) $ (17.55)
Weighted-average number of shares outstanding, basic 2,407,817 361,587
Weighted-average number of shares outstanding, diluted 2,407,817 361,587