v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities    
Net loss $ (148,531,825) $ (2,670,469)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 202,263 119,678
Change in fair value of digital assets 107,384,528
Accretion of note payable discount 20,000 31,026
Non-cash interest expense 170,090 195,380
Stock based compensation 8,601,443 561,767
Non-cash professional fees 17,997,950
Non-cash lease expense (3,481) (437)
Provision for bad debt and write-off on uncollectable accounts 8,957 82,648
Provision for inventory reserve and write-off 720,961
Foreign exchange (gain)/loss 2,390
Changes in operating assets and liabilities:    
Accounts receivable 284,751 (191,509)
Inventory (154,281) (62,201)
Prepaid expenses (835,756) (150,982)
Deferred revenue (10,395)
Due to related parties (205,826) (48,094)
Accounts payable and accrued liabilities (477,722) (90,618)
Net cash used in operating activities (14,815,558) (2,234,206)
Cash flows from investing activities    
Purchase of property and equipment (40,702) (18,857)
Purchase of digital assets (148,605,650)
Sale of digital assets 18,368,360
Purchase of digital assets, net (130,237,290)
Net cash used in investing activities (130,277,992) (18,857)
Cash flows from financing activities    
Proceeds from at-the-market offering 25,608,235
Proceeds from private placement of pre-funded warrants, net 137,907,255
Proceeds from exercise of warrants 370,288
Proceeds from issuance of loans from related parties 332,193
Proceeds from subscription advance 1,000,000
Funds provided for note receivable (1,000,000)
Payments of deferred offering costs (1,078,967)
Repayments of notes payable (660,000) (316,920)
Repayments of loans due to related parties (425,241)
Net cash provided by financing activities 160,721,570 1,015,273
Effect of exchange rate changes on cash and cash equivalents (35,716)
Net increase (decrease) in cash 15,592,304 (1,237,790)
Cash, cash equivalents, and restricted cash at beginning of period 1,460,997 2,016,611
Cash, cash equivalents, and restricted cash at the end of period 17,053,301 778,821
Supplementary cash flow disclosure    
Cash paid for interest 80,448 7,257
Supplementary schedule of non-cash investing and financing activities    
Debt to equity conversion 3,920,314
Digital assets received in connection with pre-funded warrants $ 26,349,890