v3.26.1
Unaudited Interim Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
OPERATING EXPENSES        
Selling and Marketing expenses $ (1,000,000) $ (300,000) $ (1,000,000) $ (300,000)
General and administrative expenses (1,296,954) (1,022,730) (2,643,758) (1,960,607)
Research and development expenses (553,000) (233,333) (856,000) (233,333)
TOTAL OPERATING EXPENSES (2,849,954) (1,556,063) (4,499,758) (2,493,940)
LOSS FROM OPERATIONS (2,849,954) (1,556,063) (4,499,758) (2,493,940)
OTHER (EXPENSE) INCOME        
Interest income 2,179 4,297
Unrealized loss on fair value changes of digital assets (49,281,243) (211,764,440)
Realized loss on fair value changes of digital assets (28,799) (28,799)
Sublease income 97,826
TOTAL (EXPENSE) INCOME (49,310,042) 2,179 (211,695,413) 4,297
LOSS BEFORE INCOME TAXES (52,159,996) (1,553,884) (216,195,171) (2,489,643)
LESS: INCOME TAX (EXPENSES) BENEFITS 1,947 54,830 (28,871) 13,079
NET LOSS (52,158,049) (1,499,054) (216,224,042) (2,476,564)
Net loss attributable to noncontrolling interest (17)
Net loss attributable to shareholders of common stock (52,158,049) (1,499,054) (216,224,025) (2,476,564)
OTHER COMPREHENSIVE INCOME        
- Foreign currency translation adjustment 23 18 37 24
OTHER COMPREHENSIVE INCOME, net of tax 23 18 37 24
COMPREHENSIVE LOSS, net of tax (52,158,026) (1,499,036) (216,224,005) (2,476,540)
Comprehensive (loss) income attributable to noncontrolling interest 6 5 (7) 7
Comprehensive loss attributable to shareholders of common stock $ (52,158,032) $ (1,499,041) $ (216,223,998) $ (2,476,547)
WEIGHTED AVERAGE NUMBER OF COMMON STOCKS        
Basic (in Shares) [1] 977,363 79,080 620,243 62,661
Diluted (in Shares) [1] 977,363 79,080 620,243 62,661
Loss per share available to common shareholders        
Basic (in Dollars per share) $ (53.4) $ (19) $ (348.6) $ (39.5)
Diluted (in Dollars per share) $ (53.4) $ (19) $ (348.6) $ (39.5)
[1] On June 29, 2026, the Company effected a 1-for-250 reverse stock split. All share and per share amounts presented in these unaudited interim condensed consolidated financial statements have been retroactively adjusted to give effect to the reverse stock split.