| Schedule of Segment Information |
The table below summarizes the significant expense categories regularly
reviewed by the CODM for the three and six months ended June 30, 2026, and 2025:
| | |
Three Months | | |
Three Months | | |
Six Months | | |
Six Months | |
| | |
Ended | | |
Ended | | |
Ended | | |
Ended | |
| | |
June 30, | | |
June 30, | | |
June 30, | | |
June 30, | |
| Operating Expenses | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Research and development | |
$ | 233,665 | | |
$ | 381,061 | | |
$ | 1,010,075 | | |
$ | 909,746 | |
| Sales and marketing | |
| 5,813 | | |
| 68,834 | | |
| 10,091 | | |
| 137,825 | |
| General and administrative | |
| 1,243,778 | | |
| 851,195 | | |
| 2,636,838 | | |
| 1,722,801 | |
| Total operating expenses | |
| 1,483,256 | | |
| 1,301,090 | | |
| 3,657,004 | | |
| 2,770,372 | |
| | |
| | | |
| | | |
| | | |
| | |
| Operating loss | |
| (1,483,256 | ) | |
| (1,301,090 | ) | |
| (3,657,004 | ) | |
| (2,770,372 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Other segment items (a) | |
| 1,643,200 | | |
| 75,178 | | |
| 2,505,515 | | |
| 508,130 | |
| | |
| | | |
| | | |
| | | |
| | |
| Net income/(loss) | |
$ | 159,944 | | |
$ | (1,225,912 | ) | |
$ | (1,151,489 | ) | |
$ | (2,262,242 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Reconciliation of net loss | |
| | | |
| | | |
| | | |
| | |
| Adjustments and reconciling items | |
| - | | |
| - | | |
| - | | |
| - | |
| | |
| | | |
| | | |
| | | |
| | |
| Consolidated net income/(loss) | |
$ | 159,944 | | |
$ | (1,225,912 | ) | |
$ | (1,151,489 | ) | |
$ | (2,262,242 | ) |
| | |
Six Months | | |
Six Months | |
| | |
Ended | | |
Ended | |
| | |
June 30, | | |
June 30, | |
| Operating Expenses | |
2026 | | |
2025 | |
| Research and development | |
$ | 1,010,075 | | |
$ | 909,746 | |
| Sales and marketing | |
| 10,091 | | |
| 137,825 | |
| General and administrative | |
| 2,636,838 | | |
| 1,722,801 | |
| Total operating expenses | |
| 3,657,004 | | |
| 2,770,372 | |
| | |
| | | |
| | |
| Operating loss | |
| (3,657,004 | ) | |
| (2,770,372 | ) |
| | |
| | | |
| | |
| Other segment items (a) | |
| 2,505,515 | | |
| 508,130 | |
| | |
| | | |
| | |
| Net loss | |
$ | (1,151,489 | ) | |
$ | (2,262,242 | ) |
| | |
| | | |
| | |
| Reconciliation of net loss | |
| | | |
| | |
| Adjustments and reconciling items | |
| - | | |
| - | |
| | |
| | | |
| | |
| Consolidated net loss | |
$ | (1,151,489 | ) | |
$ | (2,262,242 | ) |
| (a) | Other segment items included in segment loss include digital asset staking compensation, changes in fair value of digital asset, changes in warrant liability and interest income. |
|