v3.26.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Cash flows from operating activities          
Net Income (Loss) $ (9,651,557) $ 13,425,567 $ (38,819,463) $ (35,453,632)  
Adjustments to reconcile net loss to net cash used in operating activities:          
Amortization expense     330,064 197,908  
Loss (gain) on digital assets - rewards treasury 1,119,388 (2,334,677) 2,808,843 (1,324,091)  
Loss (gain) on digital assets - investment treasury (105,167) (36,582,224) 28,524,298 (20,965,072)  
(Gain) loss on customer rewards liability (745,598) 2,071,505 (2,253,069) 970,648  
Change in fair value of convertible note 0 5,309,608 (13,200,089) 11,843,751  
Convertible note issuance costs and fees 0 0 0 9,569,109  
Loss on extinguishment of debt 0 9,612,199 4,005,132 9,612,199  
Amortization of debt issuance costs     6,638 112,187  
Amortization of debt discount and premium     179,929 953,404  
Change in fair value of SAFEs 0 0 0 6,503,113  
Share-based compensation expense     3,353,459 6,895,480  
Other non-cash adjustments     (551,717) 0  
Increase (decrease) in cash resulting from changes in:          
Accounts receivable, net     113,200 (246,105)  
Credit card receivable, net     (2,753,588) 0  
Inventories     (369,263) (67,489)  
Prepaid expenses and other current assets     270,655 (603,030)  
Accounts payable     (6,233) 195,286  
Accrued expenses and other current liabilities     1,017,227 1,376,866  
Accrued legal settlement     1,374,828 0  
Customer rewards liability     753,528 1,318,429  
Deferred revenue     (138,104) (133,156)  
Other non-current liabilities     (689,680) 293,114  
Net cash used in operating activities     (16,043,405) (8,951,081)  
Cash flows from investing activities          
Purchases of digital assets     (1,748,759) (2,374,030)  
Proceeds from sales of digital assets     59,120,684 0  
Payments for capitalized software development costs     (740,184) (434,820)  
Net cash provided by (used in) investing activities     56,631,741 (2,808,850)  
Cash flows from financing activities          
Proceeds from issuance of note     13,000,000 0  
Repayment of convertible note     (25,166,667) 0  
Proceeds from recapitalization     0 804,624  
Payments of deferred IPO costs     0 (652,013)  
Payment of debt issuance costs     0 (113,320)  
Proceeds from issuance of common stock     3,262,213 0  
Proceeds from credit facility     10,000,000 0  
Repayment of credit facility     (20,000,000) 0  
Common stock withheld for employee tax obligations     (949,300) 0  
Net cash provided by (used in) financing activities     (19,853,754) 39,291  
Net increase (decrease) in cash and cash equivalents     20,734,582 (11,720,640)  
Cash and cash equivalents, beginning of period     7,652,203 18,330,359 $ 18,330,359
Cash and cash equivalents, end of period $ 28,386,785 $ 6,609,719 28,386,785 6,609,719 $ 7,652,203
Non-cash investing and financing activities          
Non-cash payment of interest with common stock     613,334 646,667  
Distributions of digital assets to fulfill customer reward redemptions     869,038 1,489,430  
Distributions of digital assets to satisfy other current obligations     1,089,777 46,955  
Non-cash payment for intellectual property acquisition with common stock     182,379    
Non-cash repayment of convertible note via transfer of digital assets - related party     34,007,466    
Non-cash amortization of deferred issuance costs     167,539    
Non-cash allocation of convertible note proceeds to embedded derivative     63,418 0  
Non-cash allocation of note proceeds to commitment shares     785,200 0  
Recapitalization     0 173,019,904  
Proceeds from convertible debt received in digital assets - related party     0 43,965,525  
Change in fair value of Series C Warrants included in loss on extinguishment       498,771  
Distributions of digital assets for prepaid interest - related party     0 2,313,975  
Supplemental disclosure of cash flow information          
Cash paid during the period for interest expense     $ 3,408,749 $ 0