v3.26.1
INTANGIBLE DIGITAL ASSETS (Tables)
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Fair Value Reconciliation of Intangible Digital Assets
The following table summarizes the intangible digital assets ($IP Tokens, APL Tokens and ARIAIP Tokens) held by the Company as of March 31, 2026 and December 31, 2025:
As of March 31, 2026
UnitsCost BasisFair Value
$IP Tokens (a)52,339,862$205,338,068 $26,321,507 
APL Tokens13,889$10,000 $— 
ARIAIP Tokens125,000$10,000 $403 
Total52,478,751$205,358,068 $26,321,910 

As of December 31, 2025
UnitsCost BasisFair Value
$IP Tokens (a)53,339,862$209,261,236 $91,691,223 
APL Tokens13,889$10,000 $2 
ARIAIP Tokens125,000$10,000 $9,978 
Total53,478,751$209,281,236 $91,701,203 
____________
(a)     6,176,470.588 $IP Tokens were acquired in conjunction with the PIPE for a total price of $21,000,000 with a 12 month restriction on transfer or sale. Per the Omnibus Amendment dated March 6, 2026, a total of 17.3 million plus 6.2 million, or 23.5 million tokens were restricted and such restriction would not be lifted until after August 15, 2027, except for 1 million tokens that were released from said restriction.
There were no Token Treasury Segment activities prior to the year ended December 31, 2025. The following table represents a reconciliation of the fair values of the Company’s intangible digital assets:
Intangible Digital AssetsFair Value
$IP TokensAll Other
Balance - December 31, 2024$— $— 
  Additions (a)
     PIPE Offering128,819,949 — 
     Purchases80,000,034 20,000 
     Staking Rewards4,951,565 — 
  Dispositions
     Sale of Staking Rewards(2,890,396)— 
     Sale of Purchased Intangible Digital Assets(1,000,000)
  Change in Fair Value of Intangible Digital Assets (b)
(118,189,929)(10,020)
Balance -December 31, 2025$91,691,223 $9,980 
  Additions (a)
     Purchases— — 
     Staking Rewards1,212,231 — 
  Dispositions
(2,121,847)— 
  Reclassification of Covered Calls to Current Assets(1,478,005)
  Loss on Sale of Intangible Digital Assets(2,359,699)
  Change in Fair Value of Intangible Digital Assets (b)
(62,100,401)(9,577)
Ending Balance - March 31, 2026$24,843,502 $403 
____________
(a)     Additions represent initial consideration received in 2025 as part of the August 15, 2026 PIPE offering, and purchases of, and staking rewards earned on, Crypto assets held for investment. Per the Omnibus Amendment dated March 6, 2026, a total of 17.3 million plus 6.2 million, or 23.5 million tokens were restricted and such restriction would not be lifted until after August 15, 2027, except for 1 million tokens that were released from said restriction.
(b)     The Company measures gains and losses by each asset held. These include cumulative realized losses of $705,204 and 374,214 and realized gains of $1,762 and $246,253 for the three months ended March 31, 2026 and the year ended December 31, 2025, respectively.