v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2026
Cash flows from operating activities:    
Net loss $ (26,071) $ (34,624,180)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation expense 8,082
Impairment of digital assets 36,201,740
Amortization expense 50,250
Change in fair value of digital assets - restricted 46,116
Change in fair value of related party demand notes (46,116)
Change in fair value of warrant liabilities (2,185,000)
Staking revenue from digital assets (1,570)
Changes in operating assets and liabilities:    
Digital assets receivable - related party (61,468)
Prepaid insurance 79,855
Accounts payable 12,378
Accounts payable - related party 26,071 340,000
Accrued expenses 98,233
Net cash provided by operating activities (81,680)
Cash flows from financing activities:    
Proceeds from issuance of demand notes - related party 67,000
Merger and PIPE financing 18,852,116
Net cash provided by financing activities 18,919,116
Net change in cash 18,837,436
Cash - beginning of period 18,708
Cash - end of period 18,856,144
Supplemental disclosures of noncash investing and financing activities:    
Contribution of intangible asset 502,500
Loan of digital assets and issuance of related party demand notes
Receivable from stockholders for Class B common stock issuance 300,000
Contribution of digital intangible assets 249,120,581
Assumption of warrant liabilities 6,900,000
Assumption of convertible demand notes payable - sponsors 5,883,986
Transaction costs in accounts payable and accrued liabilities 3,481,156
Capitalized software costs included in accounts payable $ 200,000