Condensed Consolidated Statement of Cash Flows (Unaudited) |
3 Months Ended |
|---|---|
|
Mar. 31, 2026
USD ($)
| |
| Cash flows from Operating Activities: | |
| Net loss | $ (859,691,958) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |
| Gain on disposal of digital asset | (3,180) |
| Change in fair value of digital assets | 847,818,963 |
| Amortization of debt issuance cost | 107,963 |
| Non-cash interest expense | 1,199,589 |
| Amortization of Cantor prepaid | 2,086,327 |
| Stock based compensation | 5,103,369 |
| Changes in current assets and current liabilities: | |
| Prepaid expenses and other current assets | (1,538,480) |
| Digital assets | 87,316 |
| Accounts payable and accrued expenses | 1,184,585 |
| Net cash used in operating activities | (3,645,506) |
| Net change in cash | (3,645,506) |
| Cash, beginning of the period | 117,702,933 |
| Cash, end of the period | 114,057,427 |
| Supplemental cashflow information: | |
| Interest paid | |
| Taxes paid |
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of amortization expense attributable to debt issuance costs. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
|
| X | ||||||||||
- Definition Amount of cash and cash equivalent, and cash and cash equivalent restricted to withdrawal or usage; attributable to continuing operation. Cash includes, but is not limited to, currency on hand, demand deposit with financial institution, and account with general characteristic of demand deposit. Cash equivalent includes, but is not limited to, short-term, highly liquid investment that is both readily convertible to known amount of cash and so near maturity that it presents insignificant risk of change in value because of change in interest rate. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount, excluding effect from change in exchange rate, of increase (decrease) in cash and cash equivalent, and cash and cash equivalent restricted to withdrawal or usage; including, but not limited to, discontinued operation. Cash includes, but is not limited to, currency on hand, demand deposit with financial institution, and account with general characteristic of demand deposit. Cash equivalent includes, but is not limited to, short-term, highly liquid investment that is both readily convertible to known amount of cash and so near maturity that it presents insignificant risk of change in value because of change in interest rate. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount, after refund, of cash paid to foreign, federal, state, and local jurisdictions as income tax. Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
|
| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of increase (decrease) in prepaid expenses, and assets classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition Amount of cash paid for interest, excluding capitalized interest, classified as operating activity. Includes, but is not limited to, payment to settle zero-coupon bond for accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of cash inflow (outflow) from operating activity, including, but not limited to, discontinued operation. Operating activity includes, but is not limited to, transaction, adjustment, and change in value not defined as investing or financing activity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of noncash expense for share-based payment arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Represents the amount of amortization of cantor prepaid. No definition available.
|
| X | ||||||||||
- Definition Amount of change in fair value of digital assets. No definition available.
|
| X | ||||||||||
- Definition Represents the amount of gain on disposal of digital asset. No definition available.
|
| X | ||||||||||
- Definition Increase decrease in digital assets No definition available.
|
| X | ||||||||||
- Definition Represents the amount of non-cash interest expense. No definition available.
|