v3.26.1
Unaudited Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash & Cash Equivalents $ 979,534 $ 1,636,655
Restricted Cash 8,000,000 8,000,000
Short Term Investments 1,500,000 2,000,000
Prepaid Expenses 2,625,169 2,298,704
Other Current Assets 48,500 48,500
Total current assets 13,153,203 13,983,859
Digital assets, at fair value 127,815,173 149,885,371
Long-term portion of prepaid expenses 22,410 75,485
Operating Lease ROU Asset, net 171,779 187,395
Property and Equipment, net 56,592 51,626
Total assets 141,219,157 164,183,736
Current liabilities:    
Accounts payable and accrued expenses 2,978,190 918,649
Accrued offering costs 575,000 500,000
Accrued interest - related party 36,339 27,952
Advance payable to related party 12,000 12,000
Notes payable - related party 500,100 500,100
Notes payable, net 920,000  
Derivative Liability 1,568,634 1,616,913
Convertible Notes, net 7,942,281 7,091,263
Operating Lease Liability 52,339 39,578
Total current liabilities 14,584,883 10,706,455
Long-term liabilities    
Long-Term Portion of Operating Lease Liability 118,815 129,454
Total liabilities 14,703,698 10,835,909
Commitments and contingencies
Shareholders’ equity:    
Preferred stock, par value $0.01, 10,000,000 shares authorized: 7,477,017 issued and outstanding on March 31, 2026, and December 31, 2025, 74,770 74,770
Common stock, par value $0.01, 100,000,000 shares authorized; 12,575,983 issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 125,760 125,760
Common shares to be issued 8,113,318  
Additional paid-in capital 163,654,524 163,540,358
Accumulated Deficit (45,452,913) (10,393,061)
Total shareholders’ equity 126,515,459 153,347,827
Total liabilities and shareholders’ equity $ 141,219,157 $ 164,183,736