STOCKHOLDERS’ EQUITY (Tables)
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3 Months Ended |
Mar. 31, 2026 |
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| Equity [Abstract] |
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| Schedule of Outstanding Prepaid Warrants and Common Warrants |
The following sets forth the outstanding: 2024 Prepaid Warrants; Pre-Funded Warrants (See Note 6 - Intangible Digital Assets); and Common Warrants (See Note 1 - Description of Operations and Basis of Presentation - Initial Public Offering) as of March 31, 2026 and December 31, 2025: | | | | | | | | | | | | | | | | | | | | | | | 2024 Prepaid Warrants | | Pre-Funded Warrants | | Common Warrants | | Balance December 31, 2024 | | 9,679 | | — | | 955 | | Issuance of Pre-Funded Warrants in PIPE Offerings | | — | | | 925,947 | | | — | | | Exercise of Pre-Funded Warrants in Exchange for Common Stock | | — | | | (359,041) | | | — | | | Prepaid Warrants Issued with Series B Preferred Stock | | 819 | | | — | | | — | | | Exercise of Prepaid Warrants in Exchange for Common Stock | | (7,929) | | | — | | | (955) | | | Exchange of Prepaid Warrants for Series B Preferred Stock | | (2,569) | | | — | | | — | | | Balance December 31, 2025 | | — | | 566,906 | | — | | Exercise of Pre-Funded Warrants in Exchange for Common Stock | | — | | | (4,185) | | | — | | | Balance March 31, 2026 | | — | | 562,721 | | — |
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| Schedule of Outstanding ISOs and Related Activity |
The following sets forth the outstanding ISOs and related activity for the three months ended March 31, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Options Outstanding | | Number of
Shares | | Weighted-
Average
Exercise Price
Per Share | | Weighted-
Average
Remaining
Contractual
Term (in years) | | Aggregate
Intrinsic Value | | Outstanding at December 31, 2025 | | 3 | | | $ | 63,156.00 | | | 0.42 years | | $ | 0.00 | | | Exercisable at December 31, 2025 | | 3 | | | $ | 63,156.00 | | | 0.42 years | | $ | 0.00 | | | Remaining unvested at December 31, 2025 | | 0 | | | $ | 63,156.00 | | | | | | | Forfeited | | 0 | | | $ | 63,156.00 | | | | | | | Outstanding at March 31, 2026 | | 3 | | | $ | 63,156.00 | | | 0.18 years | | $ | 0.00 | | | Exercisable at March 31, 2026 | | 3 | | | $ | 63,156.00 | | | 0.18 years | | $ | 0.00 | | | Remaining unvested at March 31, 2026 | | 0 | | | $ | 63,156.00 | | | | | |
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| Schedule of RSU's |
The following table summarizes the RSU activity for the three months ended March 31, 2026 and 2025: | | | | | | | | | | | | | | | | | Restricted
Stock
Units | | Weighted Average
Exercise Price
Per Share | | Vested and Outstanding at December 31, 2024 | | 592 | | | $ | 4,372.33 | | | Granted | | — | | $ | — | | | Vested | | — | | $ | — | | | Forfeited/Canceled/Expired | | — | | $ | — | | | Vested and Outstanding at March 31, 2025 | | 592 | | $ | 4,372.33 | | | | | | | | Vested and Outstanding at December 31, 2025 | | 25,862 | | | $ | 160.40 | | | Granted | | 18,975 | | | $ | 22.46 | | | Vested | | (9,878) | | | $ | (119.26) | | | Forfeited/Canceled/Expired | | — | | | $ | — | | | Unvested and Outstanding at March 31, 2026 | | 34,959 | | | $ | 123.89 | | | Vested and Outstanding at March 31, 2026 | | — | | | $ | — | |
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| Schedule of Equity-Based (Non-cash) Compensation for Employees (Personnel) and Consultants |
The Company recorded equity-based (non-cash) compensation for employees (personnel) and consultants for the three months ended March 31, 2026 and 2025 as follows: | | | | | | | | | | | |
| Three Months Ended March 31, | | 2026 | | 2025 | Production / Cost of Revenue | $ | 5,313 | | | $ | — | | | Sales and Marketing | 91,432 | | | — | | | General and Administrative | 391,164 | | | — | | | Subtotal Employee Compensation | 487,909 | | | — | | | Professional Fees | 455,000 | | | — | | | Total Non-Cash Share-Based Compensation | $ | 942,909 | | | $ | — | |
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| Schedule of Valuation Assumptions |
The assumptions used in the Black-Scholes option pricing model for the Contingent Legacy Shareholder Warrants were as follows: | | | | | | | | | | Weighted Average Expected Volatility | | 70 | % | | Expected Dividends | | — | % | | Weighted Average Expected Term (in years) | | 5 | | Risk-Free Interest Rate | | 4.22 | % | | Probability Scenarios of meeting contingencies | | | Shareholder holds shares owned on May 31, 2023 through warrant exercise date | | 95% to 75% | | Common stock attains a specified 10-Trading-Day VWAP price before expiring | | 0.025% to 2.25% |
The assumptions used in the Black-Scholes option pricing model were as follows: | | | | | | | Weighted Average Expected Volatility | 70 | % | | Expected Dividends | — | % | | Weighted Average Expected Term (in years) | 5 | | Risk-Free Interest Rate | 4.12 | % |
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