v3.26.1
Consolidated Statements of Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Income Statement [Abstract]    
REVENUE $ 2,340,811 $ 26,572
OPERATING EXPENSES    
Cost of revenue, excluding depreciation 1,430,667 56,048
Depreciation and amortization 1,204,126 650,239
Impairment of assets 5,563,227 4,137,271
Consulting 447,258 393,142
Investor and public relations 570,194 273,492
Lease expense 49,798 60,224
Office and administrative 1,134,384 663,155
Professional fees 1,093,327 614,332
Repairs and maintenance 388,423 20,610
Research and development 18,774 75,285
Sales and marketing 141,361 123,653
Severance expense 356,087
Share-based compensation 1,520,156 387,090
Shareholder and regulatory 238,723 165,779
Travel and entertainment 72,078 47,147
Wages and salaries 2,091,507 2,256,402
Realized gain on sale of digital assets (86,728)
Unrealized loss on market valuation of digital assets 7,766,498
Write-off deposit 50,000
Legal settlement 111,196
Write-off inventory 5,961 38,470
Total operating expenses 24,005,821 10,123,535
Operating loss (21,665,010) (10,096,963)
OTHER (INCOME) EXPENSE    
Accretion of interest on debentures 3,148,068 2,978,722
Change in fair value of derivative liabilities (2,976,911) (1,392,530)
Foreign exchange loss (gain) 80,443 (204,730)
(Gain) loss on conversion of convertible debt (86,563) 1,627,858
Loss on debt extinguishment 10,131,237 2,805,306
Gain on extinguishment of warrant liability (14,769)
Other (income) expense 33,251 (29,319)
Other loss 4,252
Total other expenses, net 10,329,525 5,774,790
Net loss from continuing operations (31,994,535) (15,871,753)
Loss from operations of discontinued operations (320,189) (403,062)
Loss on disposal of discontinued operations (880,482)
Net loss from discontinued operations (1,200,671) (403,062)
Net loss (33,195,206) (16,274,815)
Other comprehensive loss    
Foreign currency translation 37,157 (831,698)
Comprehensive loss attributable to common shareholders $ (33,158,049) $ (17,106,513)
Earnings per share:    
Basic net loss per common share for continuing operations $ (1.95) $ (200.17)
Basic net loss per common share for discontinued operations (0.07) (5.08)
Basic net loss per common share, total (2.03) (205.25)
Dilute net loss per common share for continuing operations (2.08) (195.08)
Diluted net loss per common share for discontinued operations (0.07) (4.43)
Diluted net loss per common share, total $ (2.15) $ (199.51)
Weighted average number of common shares outstanding – basic and diluted*    
Basic [1] 16,390,876 79,292
Diluted [1] 16,646,525 91,049
[1] Reflects the 1:9 reverse stock split effected on July 28, 2025 and 1:100 reverse stock split effected on December 5, 2024. Additional information regarding the reverse stock splits may be found in Note 2, “Basis of Presentation” included in the notes to the consolidated financial statements.