SIGNIFICANT ACCOUNTING POLICIES: ADOPTION OF ACCOUNTING STANDARDS (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Accounting Policies [Abstract] |
|
| Schedule of Cash and Cash Equivalents |
The following table presents a reconciliation of cash, cash equivalents and restricted cash reported in the Consolidated Balance Sheets to the total of the corresponding amounts presented in the Consolidated Statements of Cash Flows:
| | | | | | | | | | June 30, 2026 | December 31, 2025 | | Cash and cash equivalents | $ | 2,982,232 | | $ | 4,092,308 | | | Restricted cash | 660,000 | | — | | | Total cash, cash equivalents and restricted cash | $ | 3,642,232 | | $ | 4,092,308 | |
|
| Schedule of Restrictions on Cash and Cash Equivalents |
The following table presents a reconciliation of cash, cash equivalents and restricted cash reported in the Consolidated Balance Sheets to the total of the corresponding amounts presented in the Consolidated Statements of Cash Flows:
| | | | | | | | | | June 30, 2026 | December 31, 2025 | | Cash and cash equivalents | $ | 2,982,232 | | $ | 4,092,308 | | | Restricted cash | 660,000 | | — | | | Total cash, cash equivalents and restricted cash | $ | 3,642,232 | | $ | 4,092,308 | |
|
| Schedule of Bitcoin Outstanding |
A summary of activity in Bitcoin and digital assets - receivable, net for the six months ended June 30, 2026 was as follows: | | | | | | | | | | Digital assets | Digital assets - receivable, net | | Bitcoin and digital assets - receivable, net at fair value as of December 31, 2025 | $ | 86,637,784 | | $ | 2,348,695 | | | Bitcoin generated through trading | 1,124,225 | — | | Fees | (224,835) | — | | Provision for credit losses | — | (1,816,824) | | Unrealized gain/(loss) | (20,367,447) | 362,982 | | Bitcoin and digital assets - receivable, net at fair value as of March 31, 2026 | $ | 67,169,727 | | $ | 894,853 | | | Bitcoin generated through trading | 751,200 | — | | Fees | (456,597) | — | | Provision for credit losses | — | (354,446) | | Unrealized gain/(loss) | (9,328,996) | (376,978) | | Outstanding premium settlement receivable | (26,877) | 26,877 | | Bitcoin and digital assets - receivable, net at fair value as of June 30, 2026 | $ | 58,108,457 | | $ | 190,306 | |
|
| Schedule of Digital Assets Receivable Allowance for Credit Losses |
The following table summarizes the activity in the allowance for credit losses on digital assets receivable for the six months ended June 30, 2026:
| | | | | | | Allowance for Credit Losses | | Allowance for credit losses as of December 31, 2025 | $ | — | | | Provision for credit losses | (1,816,824) | | Net charge-offs/(recoveries) | — | | | Allowance for credit losses as of March 31, 2026 | $ | (1,816,824) | | | Provision for credit losses | (354,446) | | Net charge-offs/(recoveries) | — | | | Allowance for credit losses as of June 30, 2026 | $ | (2,171,270) | |
|