v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2026
Jun. 30, 2025
CASH FLOW USED IN OPERATING ACTIVITIES      
Net loss   $ (5,044,574) $ (17,130,909)
Adjustments to reconcile net loss to net cash used by operating activities      
Stock based compensation   318,325 585,823
Accrual of Restricted Stock Awards     387,118
Non-cash revenue from digital assets   477,400 3,962
Unrealized loss on digital assets $ 8,437,115 1,595,178 14,368
Warrant issuance costs     699,845
Change in fair value of Yuma partnership investments 318,870 (31,870)  
Change in fair value of warrant liability (6,000) 0 13,164,675
Change in fair value of derivative liability   655,000 182,000
Consulting services paid by issuance of common stock   108,954 109,116
Consulting services paid by issuance of warrants   584,487 81,935
Depreciation expense   1,551 2,011
Change in assets and liabilities:      
Decrease (increase) in prepaid expenses and other current assets   514,732 (214,421)
(Decrease) increase in accounts payable   (276,148) 3,609
(Decrease) in accrued expenses   (506,072) (630,876)
Total adjustments   2,486,737 14,381,241
Net Cash Used in Operating Activities   (2,557,837) (2,749,668)
CASH FLOWS USED IN INVESTING ACTIVITIES      
Purchase of crypto currency     (4,500,000)
Net Cash Used in Investing Activities     (4,500,000)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from investor warrant exercises     484,326
Net proceeds from Series D Convertible Preferred Stock offering     5,114,000
Redemption of Series C Convertible Preferred Stock     (1,430,000)
Dividends on Convertible Preferred Stock   (571,377) (205,161)
Net Cash Used in Financing Activities   (571,377) 3,963,165
NET DECREASE IN CASH AND EQUIVALENTS   (3,129,214) (3,286,503)
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD   5,497,671 17,656,221
CASH AND EQUIVALENTS AT END OF PERIOD 2,368,457 2,368,457 14,369,718
DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Accrual of Series D Convertible Preferred Stock and Warrant Issuance Costs     190,000
Warrant liability upon issuance of Series D Convertible Preferred stock     5,248,062
Reclassification of warrant liability     21,426,648
Derivative liability upon issuance of Series D Convertible Preferred stock     113,000
Reclassification of derivative liability     6,017,668
Accrual of Restricted Stock Awards Payable     387,118
Issuance of Consultant Warrants     724,230
Deemed dividend on Series E Warrants $ 4,158,000 4,158,000  
Series C Convertible Preferred Stock      
DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Accretion of Convertible Preferred Stock to redemption value     3,407,659
Series C Convertible Preferred Stock conversions and redemptions     2,948,235
Series D Convertible Preferred Stock      
DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Accretion of Convertible Preferred Stock to redemption value   184,630 $ 324,795
Series E Convertible Preferred Stock      
DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Accretion of Convertible Preferred Stock to redemption value   $ 3,680,298