v3.26.1
Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2026
Significant Accounting Policies [Abstract]  
Schedule of Financial Assets Measured at Fair Value on a Recurring Basis

The following table provides information about the Company’s financial assets measured at fair value on a recurring basis and indicates the level of the fair value hierarchy utilized to determine such fair values:

 

As of March 31, 2026  Level 1   Level 2   Level 3   Total 
                 
Digital assets  $68,229   $-   $-   $68,229 
                     
Cash equivalent - money market funds   2,871,990    -    -    2,871,990 
                     
Marketable securities   387,778    -    -    387,778 
Derivative instruments   -    -    (2,290,800)   (2,290,800)
Short-term investment - Bond linked notes   -    7,010,990    -    7,010,990 
                     
Short-term investment - Equity linked notes   -    14,912,800    -    14,912,800 
                     
Total  $3,327,997   $21,923,790   $(2,290,800)  $22,960,987 

 

As of December 31, 2025  Level 1   Level 2   Level 3   Total 
Digital assets  $260,652   $-   $-   $260,652 
Cash equivalent - Money market funds   4,797,697    -    -    4,797,697 
Marketable securities   1,334,719    -    -    1,334,719 
Derivative instruments   -    -    (657,136)   (657,136)
Short-term investment - Bond linked notes   -    14,766,470    -    14,766,470 
Short-term investment - Equity linked notes   -    11,310,650    -    11,310,650 
Short-term investment - US Treasury Bond   -    11,587,134    -    11,587,134 
Total  $6,393,068   $37,664,254   $(657,136)  $43,400,186 
Schedule of Basic and Diluted Net Loss Per Common Share

The following table presents the computation of basic and diluted net loss per common share:

 

   For the Three Months Ended 
   March 31, 
   2026   2025 
Numerator:        
Net loss attributable to common stockholders  $(5,194,881)  $(4,836,484)
           
Denominator:          
Weighted-average common shares outstanding   6,229,522    7,345,463 
Less: weighted-average unvested restricted shares   -    (94,009)
Denominator for basic and diluted net loss per share   6,229,522    7,251,454 
           
Basic and Diluted Net Loss per Common Share  $(0.83)  $(0.67)
Schedule of Securities Excluded from Calculation of Weighted Average Dilutive Common Shares

The following securities are excluded from the calculation of weighted average dilutive common shares because their inclusion would have been anti-dilutive:

 

   For the Three Months Ended 
   March 31, 
   2026   2025 
Unvested restricted common shares   -    59,167 
Options   211,667    211,667 
Warrants   -    1,242,424 
    211,667    1,513,258 
Schedule of In-Person Revenue

In-person revenue was comprised of the following for the three months ended March 31, 2026 and 2025:

 

   For the Three Months Ended 
   March 31, 
   2026   2025 
Event revenue  $471,832   $1,020,682 
Sponsorship revenue   458,237    458,547 
Food and beverage revenue   66,782    77,311 
Ticket and gaming revenue   47,618    88,335 
Merchandising revenue   7,963    11,880 
Total in-person revenue  $1,052,432   $1,656,755 
Schedule of Revenue Recognized

The following table summarizes our revenue recognized under ASC 606 in our condensed consolidated statements of operations:

 

   For the Three Months Ended 
   March 31, 
   2026   2025 
         
Revenues Recognized at a Point in Time:        
Food and beverage revenue  $66,782   $77,311 
Ticket and gaming revenue   47,618    88,335 
Merchandising revenue   7,963    11,880 
Casual mobile games   500,779    618,323 
Distribution revenue   53    57 
Total Revenues Recognized at a Point in Time   623,195    795,906 
           
Revenues Recognized Over a Period of Time:          
Event revenue   471,832    1,020,682 
Sponsorship revenue   458,237    458,547 
Total Revenues Recognized Over a Period of Time   930,069    1,479,229 
Total Revenues  $1,553,264   $2,275,135