v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash & Cash Equivalents $ 1,636,655 $ 3,455
Restricted Cash 8,000,000
Short Term Investments 2,000,000  
Prepaid Expenses 2,298,704 9,602
Other Current Assets 48,500
Total current assets 13,983,859 13,057
Digital assets, at fair value 149,885,371
Long-term portion of prepaid expenses 75,485
Operating Lease ROU Asset 187,395  
Property and Equipment, net 51,626
Total assets 164,183,736 13,057
Current liabilities:    
Accounts payable and accrued expenses 918,649 591,191
Accrued offering costs 500,000  
Accrued interest - related party 27,952 106,643
Advance payable to related party 12,000 76,500
Notes payable - related party 500,100 250,000
Derivative Liability 1,616,913  
Convertible Notes, net 7,091,263
Operating Lease Liability 39,578
Total current liabilities 10,706,455 1,024,334
Long-term liabilities    
Long-Term Portion of Operating Lease Liability 129,454  
Long-term convertible notes payable – related party 346,844
Total liabilities 10,835,909 1,371,178
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, par value $0.01, 10,000,000 shares authorized: 7,477,017 and none issued and outstanding at December 31,2025 and 2024, respectively 74,770
Common stock, par value $0.01, 100,000,000 shares authorized; 12,575,983 and 7,903,850 issued and outstanding as of December 31, 2025 and December 31, 2024, respectively 125,760 79,039
Additional paid-in capital 163,540,358 2,954,764
Retained Earnings (Deficit) (10,393,061) (4,391,924)
Total shareholders’ equity (deficit) 153,347,827 (1,358,121)
Total liabilities and shareholders’ equity $ 164,183,736 $ 13,057