v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net Income (Loss) $ (407,630) $ 4,995,352
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 2,645 6,987
Amortization 2,071,459 1,714,285
Realized sale of asset (993,783)  
Bad debt expense 24,100 188,441
Fair value of investments - other received for fees (406,977) (1,188,213)
Impairment of investments - other received for fees 606,429 1,055,631
Stock-based compensation 5,177,460 5,177,518
Changes in operating assets and liabilities:    
Accounts receivable (4,019,500) 2,024,693
Other current assets (130,425) (305,482)
StartEngine Private stock purchases (51,219,398) (46,855,942)
Proceeds from sale of StartEngine Private stock 44,924,312 40,981,661
Purchase of investments- collectibles (1,039,447)  
Due from related parties 37,000 12,470
Accounts payable (289,598) (251,218)
Due to related parties   1,041,236
Accrued liabilities (3,183,180) 1,607,454
Deferred revenue 130,758 843,405
Net cash provided by (used in) operating activities (8,715,775) 11,048,278
Cash flows from investing activities:    
Cash proceeds from Vinovest 3,536,944  
Purchase of stock from investors (103,997)  
Purchase of property and equipment (21,055) (7,236)
Proceeds from sale of real estate   1,479,310
Net cash provided by investing activities 3,411,892 1,472,074
Cash flows from financing activities:    
Proceeds from sale of common stock 5,214,570 8,430,926
Offering costs (4,101,971) (5,584,525)
Proceeds from exercise of employee stock options 14,999 106,034
Net cash provided by financing activities 1,127,598 2,952,435
Increase (decrease) in cash and restricted cash (4,176,285) 15,472,787
Cash and restricted cash, beginning of period 28,387,261 10,842,297
Cash and restricted cash, end of period 24,210,976 26,315,084
Supplemental disclosures of cash flow information:    
Cash paid for income taxes 353,678 $ 47,510
Non Cash Investing & Financing Activities    
Purchase of Vinovest, Inc., net of cash received $ 14,000,000