v3.26.1
Schedule of Significant Segment Expenses (Details) - USD ($)
$ in Thousands
 1 Months Ended 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2026
Segment Reporting [Line Items]      
Revenue $ 37 $ 38
Operating Expenses      
Depreciation and amortization   1,249
Stock-based compensation 3,723 7,263
Total Operating Expenses 8 15,027 22,819
Operating Loss (8) (14,990) (22,781)
Other Income (expense)      
Unrealized (loss) gain on digital assets 14,296 (49,362) (154,829)
Realized loss on digital assets (2,676) (2,676)
Change in fair value of convertible notes conversion feature 109 946
Realized loss on put option liability (914)
Gain on extinguishment of debt 5,933
Interest and dividend income 128 871
Interest expense 760 1,860
Change in fair value of derivative liability 10,330
Other (expenses) income, net 24,626 (52,561) (152,529)
Net (Loss) Income Before Taxes 24,618 (67,551) (175,310)
Income tax benefit (2,504) (2,504)
Net profit (loss) 24,618 (65,047) (172,806)
Reportable Segment [Member]      
Segment Reporting [Line Items]      
Revenue 37 38
Operating Expenses      
Payroll expenses 1,674 2,683
One-time bonus 5,000 5,000
Depreciation and amortization   1,210 1,249
Other operating expenses [1] 8 3,420 6,624
Stock-based compensation 3,723 7,263
Total Operating Expenses 8 15,027 22,819
Operating Loss (8) (14,990) (22,781)
Other Income (expense)      
Unrealized (loss) gain on digital assets 14,296 (49,362) (154,829)
Realized loss on digital assets (2,676) (2,676)
Change in fair value of convertible notes conversion feature 109 946
Realized loss on put option liability (914)
Gain on extinguishment of debt 5,933
Interest and dividend income 128 871
Interest expense (760) (1,860)
Change in fair value of derivative liability 10,330
Other (expenses) income, net 24,626 (52,561) (152,529)
Net (Loss) Income Before Taxes 24,618 (67,551) (175,310)
Income tax benefit (2,504) (2,504)
Net profit (loss) $ 24,618 $ (65,047) $ (172,806)
[1] Includes other operating expenses such as professional fees, insurance, rent, and utility expenses.