SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
|
3 Months Ended |
Mar. 31, 2026 |
|---|
| Accounting Policies [Abstract] |
|
| SCHEDULE OF RECEIVABLES |
Receivables
were made up of the following as of each balance sheet date:
SCHEDULE
OF RECEIVABLES
| | |
March 31, | |
December 31, |
| | |
2026 | |
2025 |
| Due from merchant processors | |
$ | 96,015 | | |
$ | 61,779 | |
| Held in reserve by merchant processors for
future returns and chargebacks | |
| 71,436 | | |
| 22,309 | |
| Due from payout service providers | |
| 2,335 | | |
| 109,367 | |
| Accounts and other
receivables | |
| 207,340 | | |
| 376,123 | |
| Receivable, gross | |
| 377,126 | | |
| 569,578 | |
| Allowance for doubtful
accounts | |
| (2,695 | ) | |
| - | |
| Receivables | |
$ | 374,431 | | |
$ | 569,578 | |
|
| SCHEDULE OF FIXED ASSETS |
Fixed
assets were made up of the following at each balance sheet date:
SCHEDULE
OF FIXED ASSETS
| | |
Estimated | |
| |
|
| | |
Useful | |
| |
|
| | |
Life | |
March 31, | |
December 31, |
| | |
(years) | |
2026 | |
2025 |
| Furniture, fixtures, and equipment | |
| 10 | | |
$ | 13,108 | | |
$ | 13,108 | |
| Computer equipment | |
| 3 | | |
| 36,847 | | |
| 36,847 | |
| Data processing equipment | |
| 3 | | |
| 7,381,111 | | |
| 7,381,111 | |
| Manufacturing equipment | |
| 3-25 | | |
| 1,737,973 | | |
| 1,675,993 | |
| | |
| | | |
| 9,169,039 | | |
| 9,107,059 | |
| Accumulated depreciation | |
| | | |
| (7,592,778 | ) | |
| (7,464,072 | ) |
| Net book value | |
| | | |
$ | 1,576,261 | | |
$ | 1,642,987 | |
|
| 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 March 31, 2026:
SCHEDULE
OF ASSETS AND LIABILITIES MEASURED ON RECURRING BASIS
| | |
Level 1 | | |
Level 2 | | |
Level 3 | | |
Total | |
| Digital assets (see NOTE 5) | |
$ | 4,990,029 | | |
$ | - | | |
$ | - | | |
$ | 4,990,029 | |
| Total Assets | |
$ | 4,990,029 | | |
$ | - | | |
$ | - | | |
$ | 4,990,029 | |
| | |
| | | |
| | | |
| | | |
| | |
| 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, 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 | |
| | |
| | | |
| | | |
| | | |
| | |
| Total Liabilities | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | |
|
| SCHEDULE OF REVENUE GENERATED |
Revenue
generated for the three months ended March 31, 2026, was as follows:
SCHEDULE
OF REVENUE GENERATED
| | |
Membership
revenue | | |
Mining revenue | | |
Health and wellness product sales | | |
Coffee Sales | | |
Other Revenue | | |
Total | |
| Gross billings/receipts | |
$ | 2,854,017 | | |
$ | 554,122 | | |
$ | 270,392 | | |
$ | 350,085 | | |
$ | 9,873 | | |
$ | 4,038,489 | |
| Refunds, incentives, credits, and chargebacks | |
| (110,998 | ) | |
| - | | |
| (1,620 | ) | |
| (29,625 | ) | |
| - | | |
| (142,243 | ) |
| Net revenue | |
$ | 2,743,019 | | |
$ | 554,122 | | |
$ | 268,772 | | |
$ | 320,460 | | |
$ | 9,873 | | |
$ | 3,896,246 | |
Foreign
revenues for the three months ended March 31, 2026 were approximately $1.6 million while domestic revenue for the three months ended
March 31, 2026 was approximately $2.3 million.
Revenue
generated for the three months ended March 31, 2025, was as follows:
| | |
Membership
revenue | | |
Mining revenue | | |
Health and wellness product sales | | |
Other Revenue | | |
Total | |
| Gross billings/receipts | |
$ | 9,439,857 | | |
$ | 862,944 | | |
$ | 368,443 | | |
$ | 7,344 | | |
$ | 10,678,588 | |
| Refunds, incentives, credits, and chargebacks | |
| (648,414 | ) | |
| - | | |
| (122 | ) | |
| - | | |
| (648,536 | ) |
| Net revenue | |
$ | 8,791,443 | | |
$ | 862,944 | | |
$ | 368,321 | | |
$ | 7,344 | | |
$ | 10,030,052 | |
|
| SCHEDULE OF INVENTORY |
Inventory
was made up of the following at each balance sheet date:
SCHEDULE
OF INVENTORY
| | |
March 31, | |
December 31, |
| | |
2026 | |
2025 |
| Finished goods | |
$ | 265,477 | | |
$ | 38,664 | |
| Work in process | |
| 58,929 | | |
| 115,733 | |
| Raw materials | |
| 473,799 | | |
| 508,603 | |
| Inventory | |
$ | 798,205 | | |
$ | 663,000 | |
|
| SCHEDULE OF POTENTIALLY DILUTIVE SECURITIES |
Due
to the net loss for the three months ended March 31, 2026 and 2025, basic and diluted income per share were the same, as all securities
had an anti-dilutive effect. The following table presents potentially dilutive securities that were not included in the computation of
diluted net income per share for the three months ended March 31, 2026 and 2025, as their inclusion would be anti-dilutive.
SCHEDULE
OF POTENTIALLY DILUTIVE SECURITIES
| | |
March
31, 2026 | |
March
31, 2025 |
| Weighted average options to purchase
common stock | |
| 367,509,998 | | |
| 351,416,665 | |
| Weighted average warrants to purchase common
stock | |
| 811,031 | | |
| 1,178,090 | |
| Common stock issuable upon conversion of notes | |
| 471,428,571 | | |
| 471,428,571 | |
| Common stock issuable upon conversion of non-voting
membership interest | |
| 563,855,711 | | |
| 565,000,000 | |
|