v3.26.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
SCHEDULE OF RECEIVABLES

Receivables were made up of the following as of each balance sheet date:

 

   December 31,   December 31, 
   2025   2024 
Due from merchant processors  $61,779   $318,921 
Held in reserve by merchant processors for future returns and chargebacks   22,309    1,872,035 
Due from payout service providers   109,367    296,558 
Accounts and other receivables   376,123    47,213 
Receivable, gross   569,578    2,534,727 
Allowance for doubtful accounts   -    - 
Receivables  $569,578   $2,534,727 
SCHEDULE OF FIXED ASSETS

Fixed assets were made up of the following at each balance sheet date:

 SCHEDULE OF FIXED ASSETS

   Estimated        
   Useful        
   Life  December 31,   December 31, 
   (years)  2025   2024 
Furniture, fixtures, and equipment  3-10  $13,108   $717 
Computer equipment  3   36,847    28,571 
Data processing equipment  3   7,381,111    11,824,560 
Manufacturing equipment  3-25   1,675,993    1,161,701 
       9,107,059    13,015,549 
Accumulated depreciation      (7,464,072)   (11,147,108)
Net book value     $1,642,987   $1,868,441 
SCHEDULE OF ASSETS AND LIABILITIES MEASURED ON RECURRING BASIS

Items recorded or measured at fair value on a recurring basis in the accompanying consolidated financial statements consisted of the following items as of December 31, 2025:

 

   Level 1   Level 2   Level 3   Total 
Digital assets (see NOTE 5)  $5,464,011   $-   $-   $5,464,011 
Total Assets  $5,464,011   $-   $-   $5,464,011 
                     
Derivative liability  $-   $-   $-   $- 
Total Liabilities  $-   $-   $-   $- 

 

Items recorded or measured at fair value on a recurring basis in the accompanying consolidated financial statements consisted of the following items as of December 31, 2024:

 

   Level 1   Level 2   Level 3   Total 
Total Assets  $-   $-   $-   $- 
                     
Derivative liability  $-   $-   $758   $758 
Total Liabilities  $-   $-   $758   $758 
SCHEDULE OF REVENUE GENERATED

Revenue generated for the year ended December 31, 2025, was as follows:

 

   Membership
revenue
   Mining revenue   Health and wellness product sales   Other Revenue   Total 
Gross billings/receipts  $30,895,758   $3,306,756   $3,649,751   $88,733   $37,940,998 
Refunds, incentives, credits, and chargebacks   (1,670,935)   -    (12,394)   (2,000)   (1,685,329)
Net revenue  $29,224,823   $3,306,756   $3,637,357   $86,733   $36,255,669 

 

Foreign revenues for the year ended December 31, 2025 were approximately $24.9 million while domestic revenue for the year ended December 31, 2025 was approximately $11.4 million.

 

Revenue generated for the year ended December 31, 2024, was as follows:

 

   Membership
 
revenue
   Mining revenue   Health and wellness product sales   Other Revenue   Total 
Gross billings/receipts  $50,086,839   $5,186,606   $110,856   $23,404   $55,407,705 
Refunds, incentives, credits, and chargebacks   (3,025,549)   -    (185)   -    (3,025,734)
Net revenue  $47,061,290   $5,186,606   $110,671   $23,404   $52,381,971 
SCHEDULE OF INVENTORY

Inventory was made up of the following at each balance sheet date:

 

   December 31,   December 31, 
   2025   2024 
Finished goods  $38,664   $27,802 
Work in process   115,733    312 
Raw materials   508,603    467,751 
Inventory  $663,000   $495,865 
SCHEDULE OF BASIC AND DILUTED INCOME PER SHARE

Due to the net loss for the year ended December 31, 2025, basic and diluted income per share were the same, as all securities had an anti-dilutive effect. The following table illustrates the computation of diluted earnings per share for the years ended December 31, 2024.

 SCHEDULE OF BASIC AND DILUTED INCOME PER SHARE

   December 31,
2024
 
Net income  $1,190,416 
Less: preferred dividends   (819,340)
Add: interest expense on convertible debt   900,516 
Net income available to common shareholders (numerator)  $1,271,592 
      
Basic weighted average number of common shares outstanding   1,908,219,120 
Dilutive impact of convertible notes   471,428,571 
Dilutive impact of non-voting membership interest   565,000,000 
Diluted weighted average number of common shares outstanding (denominator)   2,944,647,691 
      
Diluted income per common share  $0.00 
SCHEDULE OF POTENTIALLY DILUTIVE SECURITIES

The following table presents potentially dilutive securities that were not included in the computation of diluted net income per share as their inclusion would be anti-dilutive.

 

   December 31, 2025   December 31, 2024 
Options to purchase common stock   351,289,192    359,698,857 
Warrants to purchase common stock   1,073,386    1,178,090 
Common stock issuable upon conversion of notes   471,428,571    N/A 
Common stock issuable upon conversion of non-voting membership interest   563,855,711    N/A