v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (10,266,621) $ (4,331,588)
Adjustments to reconcile loss from operations to net cash used in operating activities:    
Stock-based compensation 269
Change in fair value of warrant liabilities (74,625) (55,199)
Gain on change in fair value of convertible debt (10,236) (37,874)
Loss on issuance of convertible debt 91,943
Legal expenses deducted from issuance of convertible debt 20,000
Loss on settlement of short-term note receivable 375,844
Provision for credit losses of short-term note receivable 142,574 468,000
Impairment of intangible assets 182,619
Accrued interest income (277,550) (251,304)
Amortization of penalty on promissory note 179,667
Net loss on digital assets 2,929,946
Other operating activities settled in digital assets 337,839
Changes in operating assets and liabilities:    
Prepaid expenses and other assets 111,674 1,182,643
Accounts payable 27,037 (163,454)
Accrued expenses and other current liabilities (6,757) 209,390
Related party payables (1,411,653)
Net cash used in operating activities (7,939,909) (2,687,507)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Issuance of short-term note receivable (1,518,500)
Purchase of digital assets (338,102)
Sales of digital assets 2,107,911
Purchase of intangible assets (553,279)
Proceeds from settlement of short-term note receivable 100,000  
Net cash provided by/ (used in) investing activities 1,316,530 (1,518,500)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Parent company equity held at cost (12,000,000)
Proceeds from the issuance of convertible debt 200,000
Repayment of convertible debt (132,000) (132,000)
Proceeds from issuance of promissory notes 3,295,000
Net cash (used in)/provided by financing activities (12,132,000) 3,363,000
Net change in cash and cash equivalents (18,755,379) (843,007)
Cash and cash equivalents - beginning of period 19,332,707 1,174,608
Cash and cash equivalents- end of period 577,328 331,601
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest
Taxes
NONCASH FINANCING AND INVESTING ACTIVITIES:    
Deemed dividend arising from warrant down-round provision 1,586
Issuance of common stock for the conversion of Series B preferred shares 26,432,819
Issuance of common stock for the conversion of Series A-2 preferred shares $ 2,926,392