v3.26.1
Acquisitions, Investments and Disposals (Tables)
 6 Months Ended
Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Final Purchase Price Allocation The final purchase price allocation is as follows:
Asset Description
Amount
Intangible Assets$7,821,867 
Cash389 
Prepaid Expenses3,392 
Property & Equipment201,452 
Deposits and Other Assets24,837 
Operating Lease ROU Asset491,830 
Total Assets Acquired$8,543,767 
Less: Deferred Revenue$(228,371)
Less: Notes Payable(312,697)
Less: Operating Lease Liability(547,438)
Less: Accounts Payable and Accrued Liabilities(1,103,239)
Net Assets Acquired6,352,022 
Goodwill8,087,902 
Total Purchase Price$14,439,924 
Schedule of Consideration Received and Carrying Value of the Net Assets of the Disposal Group Derecognized The fair value of total consideration received was as follows:
Fair Value of Consideration ReceivedAmount
Cash$1,035,827 
Promissory note receivable, at fair value4,787,469 
Series D convertible preferred stock, at fair value5,614,086 
Company liabilities assumed by the Buyer239,446 
Total Fair Value of Consideration Received$11,676,828 
The carrying value of the net assets of the Disposal Group derecognized upon the loss of control was as follows:

Assets
Cash and cash equivalents$42,495 
Accounts receivable, net985 
Prepaid expenses74,492 
Property and equipment, net (aircraft, etc.)155,216 
Right-of-use assets (operating leases)524,548 
Deposits and other assets48,615 
Goodwill7,818,805 
Intangible assets7,375,476 
Total Assets$16,040,632 
Liabilities
Accounts payable and accrued liabilities$493,278 
Deferred revenue190,850 
Note payable235,158 
Operating lease payable507,910 
Intercompany payable, net896,380 
Total Liabilities2,323,576 
Net assets of the Disposal Group$13,717,056 
The following table presents the major classes of assets and liabilities of the discontinued operations as of December 31, 2025:

Assets:
Cash$25,671 
Accounts receivable, net1,530 
Prepaid expenses and other current assets74,492 
Property and equipment, net176,866 
Operating lease right-of-use asset, net586,310 
Goodwill7,818,805 
Intangible assets, net7,457,961 
Deposits and other assets48,615 
Total assets of discontinued operations$16,190,250 
Liabilities:
Accounts payable and accrued liabilities$339,074 
Deferred revenue166,517 
Notes payable, net of debt discount and issuance costs419,056 
Operating lease payable567,423 
Total liabilities of discontinued operations$1,492,070 
The following table summarizes the major classes of line items included in loss from discontinued operations:
Three months ended June 30,Six months ended June 30,
2026202520262025
Net Revenue$— $136,131 $323,429 806,713 
Cost of Revenue— (121,073)(333,201)(509,101)
Gross Margin— 15,058 (9,772)297,612 
General and Administrative— 154,564 280,656 520,057 
Compensation— 154,637 165,882 403,153 
Marketing— 395 10,189 22,986 
Interest expense — 6,654 — 18,976 
Other income, net— — — (240,567)
Loss from discontinued operations— (301,192)(466,499)(426,993)
Net loss on disposition of business— — (912,840)— 
Loss from discontinued operations$— $(301,192)$(1,379,339)$(426,993)
Schedule of Reconciliation Of Net Loss On Divestiture
The loss recognized on the divestiture was calculated as follows:

Fair Value of Consideration Received$11,676,828 
Carrying value of net assets of the Disposal Group(13,717,056)
Noncontrolling interest derecognized1,953,772 
Intercompany balances waived(796,384)
Transaction costs(30,000)
Loss on sale of subsidiaries, before income taxes$(912,840)
Schedule of Reconciliation of Carrying Value of Non-Controlling Interest
As of June 30, 2026 and December 31, 2025, the Company’s consolidated subsidiaries and/or entities are as follows:
Company Ownership Interest
Name of combined affiliateState or other jurisdiction of incorporation or organizationJune 30,
2026		December 31,
2025
Jerrick Ventures LLCDelaware100%100%
Abacus Tech Pty LtdAustralia100%100%
OG Collection, Inc.Delaware51%20%
Vocal, Inc.Nevada51%20%
S96 NYC, LLCNew York100%100%
Fly Flyte, Inc.New York—%80%
Ponderosa Air, LLCNew York—%100%
The carrying value of the noncontrolling interest at the closing date was determined as follows:
Noncontrolling interest at inception (19.98% of Fly Flyte)$2,885,097 
Loss attributable to noncontrolling interest through December 31, 2025(756,776)
Loss attributable to noncontrolling interest, January 1, 2026 through March 9, 2026(174,549)
Noncontrolling interest at March 9, 2026$1,953,772