v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:              
Net income (loss) $ (12,482,032) $ (2,414,475) $ (14,143,018) $ 845,011 $ (14,896,507) $ (13,298,007)  
Adjustments to reconcile net loss to net cash used in operating activities:              
Depreciation and amortization         6,703  
Stock-based compensation         1,940,282 69,480  
Series H-7 preferred stock waiver         350,000  
Non-cash financing expense related to Series H-7 and Series I convertible preferred stock         1,565,000  
Gain on sale of assets (218,803)     (218,803)  
Change in fair value - derivative liability (43,000)   (1,130,000)   (37,000) (2,661,000)  
Change in fair value - warrant liability   13,254,700   12,174,100  
Change in fair value - anti-dilution liability 8,044,334     8,044,334  
Amortization of right-of-use asset         110,209 98,478  
Change in fair value of digital assets (75,054)     538,609  
Unrealized loss on marketable securities (62,805)   7,457   (53,959) 79,164  
Realized gain on marketable securities (26,123)   (94,492)   (64,100) (305,554)  
Change in operating assets and liabilities:              
Prepaid expenses and other current assets         (4,228,759) 785,631  
Deposits and other assets         20,883 7,203  
Accounts payable         71,996 (828,324)  
Accounts payable - related party         (28,533)  
Accrued expenses and other current liabilities         137,887 (472,719)  
Lease obligations - operating leases         (121,406) (106,115)  
Net cash used in operating activities         (7,219,867) (4,100,960)  
CASH FLOWS FROM INVESTING ACTIVITIES:              
Proceeds from sale of marketable securities, net         4,755,373 24,282,063  
Proceeds from sale of digital assets         1,410,390  
Purchase of marketable securities         (19,504,729) (23,257,290)  
Investment in Kopin license rights         (128,521)  
Net cash provided by (used in) investing activities         (13,467,487) 1,024,773  
CASH FLOWS FROM FINANCING ACTIVITIES:              
Proceeds from sale of preferred stock (K), net of transaction costs         19,720,000  
Proceeds from exercise of Series H-7 and Series I preferred warrants         5,029,269  
Payment of preferred stock dividends (Series H-7 and Series I)         (403,531) (7,881,527)  
Net cash provided by (used in) financing activities         24,345,738 (7,881,527)  
Net change in cash, cash equivalents and restricted cash         3,658,384 (10,957,714)  
Cash, cash equivalents and restricted cash, beginning of period   $ 5,092,062   $ 16,200,157 5,092,062 16,200,157 $ 16,200,157
Cash, cash equivalents and restricted cash, end of period 8,750,446   5,242,443   8,750,446 5,242,443 5,092,062
Supplemental disclosure of cash and non-cash transactions:              
Common stock issued for cashless conversion of Series H-7 and Series I convertible preferred stock         7,832,182  
Accrual of Series H-7 convertible preferred stock dividends         9,075 1,041,643  
Accretion of discounts to redemption value of I convertible preferred stock         2,689,931 3,248,901  
Accrual of Series I Convertible Preferred Stock Dividends         240,900  
Deemed dividend Series H-7 warrants         11,508,195 662,551  
Accretion of discounts to redemption value of H-7 convertible preferred stock         1,686,854  
Accrued Series H-7 preferred stock redemption payable         11,878,064  
Non-cash redemption of Series H-7 preferred stock         394,615  
Accrued waiver fee related to Series H-7 preferred stock         350,000  
Prepaid insurance financed through accrued expenses         110,208  
Supplemental disclosure of restricted cash:              
Cash and cash equivalents 3,635,883   5,132,867   3,635,883 5,132,867 $ 4,981,798
Restricted cash 5,114,563   109,576   5,114,563 109,576  
Total cash, cash equivalents and restricted cash $ 8,750,446   $ 5,242,443   $ 8,750,446 $ 5,242,443