v3.26.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:    
Net loss $ (42,118,615) $ (54,308,620)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization and depreciation 1,554,600 3,463,898
Amortization of operating lease right-of-use assets 476,464 520,963
Gain on disposition of subsidiary (2,721,953) (3,009,891)
Loss on disposition of assets 8,264,980
Loss on extinguishment of debt 1,032,070
Deferred income taxes (44,296)
Unrealized (gain) loss on investment in ETH fund 7,966,924
Realized (gain) loss on investment in ETH fund (247,892)
Unrealized (gain) loss on digital assets 4,593,902
Realized (gain) loss on digital assets (49,215)
Yield on digital assets (3,203)  
Yield on investment in ETH fund (1,137,543)
Impairment expense 22,690,033 12,548,476
Accretion of promissory note receivable (1,232,844) (909,765)
Change in fair value of contingent consideration 501,118
Change in fair value of investment 1,949,909 473,563
Change in fair value of warrant liability (7,447,356) (84,449)
Change in fair value of arbitration reserve (106,333) (229,250)
Change in fair value of convertible debt carried at fair value (289,883) (559,212)
Share-based compensation 2,881,450 2,139,246
Changes in operating assets and liabilities:    
Accounts receivable, net 10,852,776 502,648
Government remittances (123,004) 37,196
Prepaid expenses and other current assets 371,036 581,675
Accounts payable, accrued expenses and other current liabilities (12,199,721) (212,765)
Deferred revenue (3,535,190) (831,250)
Operating lease liability (478,247) (490,875)
Net cash used in operating activities (18,398,201) (30,570,244)
Cash flows from investing activities:    
Purchase of property and equipment (77,115) (5,117)
Purchase of intangible assets (300,000) (60,000)
Purchase of digital assets (57,500,099)
Proceeds from sale of digital assets 2,758,410
Cash used in acquisition of Click, net of cash acquired (4,572,931)
Cash acquired in Faze Clan acquisition 2,406,812
Disposal of Frankly Media assets 35,500
Disposal of Complexity, net of cash disposed 328,284
Disposal of Faze Media, net of cash disposed (636,377)
Net cash provided by investing activities (60,328,112) 2,705,479
Cash flows from financings activities:    
Proceeds from registered offerings, net of issuance costs 77,852,707
Proceeds from private placements, net of issuance costs 9,865,058
Payment for acquisition of treasury stock (1,780,619)
Non-controlling interest in Faze Media, Inc. 20,500,000
Proceeds from payments on promissory notes receivable, net 712,500 150,000
Proceeds from issuance of promissory notes payable 4,000,000
Repayment of promissory notes payable (2,897,651)
Proceeds from issuance of convertible debt 16,045,000
Repayment of convertible debt (1,722,226) (7,575,701)
Proceeds (repayments) on line of credit, net (3,501,457) (1,017,114)
Net cash provided by financing activities 72,663,254 37,967,243
Effect of exchange rate changes on cash and restricted cash (711,588) 53,664
Net increase (decrease) in cash and restricted cash (6,774,647) 10,156,142
Cash and restricted cash, beginning of year 13,148,980 2,992,838
Cash and restricted cash, end of year 6,374,333 13,148,980
Supplemental disclosure with respect to cash flows:    
Cash paid for interest expense 1,078,566 1,281,611
Cash paid for income taxes
Operating lease payments in operating cash flows 638,607 700,473
Supplemental disclosure of non-cash investing and financing activities:    
Issuance of preferred stock to acquire NFT 3,924,296
Purchase of NFTs with digital assets - ETH 1,756,820
Acquisition of digital asssets for services - Anime and Rekt 5,250,000
Contribution of digital assets - ETH into ETH fund 55,256,333
Redemption of digital assets - ETH from ETH fund 7,300,777
Disposal of Faze Media in exchange for conversion of convertible debt 10,000,000
Reclass equity classifed warrants to warrant liability 9,059,762
Disposal of Frankly assets in exchange for promissory note receivable 1,706,797
Disposal of Complexity in exchange for promissory note receivable 7,125,628
Shares, options, and warrants issued for acquisition of FaZe 14,587,000
Conversion of convertible debt 3,992,238 645,161
Shares issued to settle legal and other amounts payable 1,260,326 270,000
Cash 4,604,781 12,094,950
Restricted cash 1,769,552 1,054,030
Cash and restricted cash shown in the consolidated statements of cash flows $ 6,374,333 $ 13,148,980