v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Net Revenue $ 136,080 $ 192,780 $ 136,080
Cost of goods sold 148,620 202,578 148,620
Cost of goods – inventory reserve 284,228 284,228
Total cost of goods sold 284,228 148,620 486,806 148,620
Gross Margin (Loss) (284,228) (12,540) (294,026) (12,540)
Staking Revenue, net 2,323,547 5,457,656
Operating expenses:        
Consulting fees – related party 2,500,000 5,000,000
Research and development 283,158 420,255
Selling, general and administrative 5,163,257 1,411,161 10,216,580 2,775,456
Unrealized loss on digital commodities 13,490,351 84,336,553
Realized loss on digital commodities 3,926,958 14,716,799
Digital commodity transaction expenses 64,686 128,508
Total Operating Expenses 25,428,410 1,411,161 114,818,695 2,775,456
Loss from Operations (23,389,091) (1,423,701) (109,655,065) (2,787,996)
Other income (expense)        
Interest income (expense), net 76,746 96,953 86,784 (530,038)
Fair market value adjustment on warrants 31,211 6,468,811 47,919 11,087,700
Other expense 336 (12) 329 (12)
Other Income, net 108,293 6,565,752 135,032 10,557,650
Income (Loss) Before Provision for Taxes (23,280,798) 5,142,051 (109,520,033) 7,769,654
Tax Provision
Income (Loss) from Continuing Operations (23,280,798) 5,142,051 (109,520,033) 7,769,654
Discontinued Operations:        
Loss from discontinued operations (1,582,744) (2,413,513)
Income tax benefit 132,000
Loss from Discontinued Operations   (1,582,744) (2,281,513)
Net Income (Loss) $ (23,280,798) $ 3,559,307 $ (109,520,033) $ 5,488,141
Income (loss) per share from Continuing Operations, basic $ (0.32) $ 5.17 $ (1.51) $ 14.79
Income (loss) per share from Continuing Operations, diluted (0.32) 5.17 (1.51) 14.79
Loss per share from Discontinued Operations, basic (1.59) (4.34)
Loss per share from Discontinued Operations, diluted (1.59) (4.34)
Net income (loss) per share, basic (0.32) 3.58 (1.51) 10.45
Net income (loss) per share, diluted $ (0.32) $ 3.58 $ (1.51) $ 10.45
Weighted average shares used to compute net income (loss) per share, basic 72,093,332 995,212 72,335,495 525,185
Weighted average shares used to compute net income (loss) per share, diluted 72,093,332 995,212 72,335,495 525,185