v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 2,368,457 $ 5,497,671
Digital assets 16,809,405 17,927,183
Prepaid expenses and other current assets 1,439,172 1,953,904
TOTAL CURRENT ASSETS 20,617,034 25,378,758
Fixed assets, net of accumulated depreciation 7,758 9,309
Yuma Partnership investments 478,824 446,954
TOTAL ASSETS 21,103,616 25,835,021
CURRENT LIABILITIES    
Accounts payable 899,175 1,175,323
Accrued expenses 132,444 638,516
TOTAL CURRENT LIABILITIES 1,031,619 1,813,839
Warrant liability 9,000 9,000
Derivative liability 2,769,000 2,114,000
TOTAL LIABILITIES 3,809,619 3,936,839
Commitments and contingencies
STOCKHOLDERS' EQUITY    
Common stock - 150,000,000 shares authorized, $0.0001 par value; 7,473,112 shares issued and outstanding as of June 30, 2026 and 7,448,343 shares issued and outstanding as of December 31, 2025. 748 746
Additional paid-in capital 94,388,864 97,242,028
Accumulated other comprehensive income 5,702 5,702
Accumulated deficit (81,645,998) (76,196,995)
TOTAL STOCKHOLDERS' EQUITY 12,749,316 21,051,481
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 21,103,616 25,835,021
Series D Convertible Preferred Stock    
CURRENT LIABILITIES    
Convertible redeemable preferred stock, value 686,026 507,927
Series E Convertible Preferred Stock    
CURRENT LIABILITIES    
Convertible redeemable preferred stock, value $ 3,858,655 $ 338,774