Fair Value of Financial Instruments |
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| Investments, All Other Investments [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value of Financial Instruments | 4. Fair Value of Financial Instruments
The Company applies the fair value hierarchy established in ASC 820, Fair Value Measurement, which prioritizes the inputs used to measure fair value into three levels.
The Company’s financial instruments primarily consist of cash, bitcoin, accounts receivable, accounts payable, and credit card payable. The carrying amounts of cash, accounts receivable, accounts payable, and credit card payable approximate their fair values because of the short-term nature of these instruments.
Recurring Measurement
Bitcoin is measured at fair value on a recurring basis, as described above, using quoted prices in active markets (Level 1). As of March 31, 2026 and December 31, 2025, the Company did not have any financial instruments measured at fair value that were classified as Level 2 or Level 3. See Note 3 for more information regarding the Company’s bitcoin.
The following tables present the Company’s financial assets measured at fair value on a recurring basis as of March 31, 2026 and December 31, 2025:
As of March 31, 2026
As of December 31, 2025
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