v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash $ 3,370,858 $ 1,758,802
USDC 5,405,837 3,373,564
Prepaid expenses and other current assets 258,064 114,167
Deferred transaction costs 0 1,845,131
Due from related party   1,423,849
Total Current Assets 28,063,700 8,515,513
TOTAL ASSETS 109,024,577 190,855,987
Current Liabilities    
Accounts payable and accrued expenses 801,201 334,210
Accrued transaction costs   112,046
Token sale liability 0 40,010,988
Accrued interest 83,808  
Earn out liability 373,333  
Post-closing shares liability 1,000,000  
Note payable 23,000,000  
TOTAL LIABILITIES 25,258,342 40,457,244
COMMITMENTS AND CONTINGENCIES (SEE NOTE 8)
STOCKHOLDERS' EQUITY    
Subscription receivable (4,100,380) (5,922,749)
Additional paid-in capital 218,498,993 215,582,373
Accumulated deficit (131,033,582) (59,595,550)
TOTAL STOCKHOLDERS' EQUITY 83,766,235 150,398,743
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 109,024,577 190,855,987
Class A Common Stock    
STOCKHOLDERS' EQUITY    
Common Stock 343,148 276,613
Class B Common Stock    
STOCKHOLDERS' EQUITY    
Common Stock 58,056 58,056
AVAX    
Current Assets    
Digital assets - AVAX, current portion 19,028,941  
Digital assets 80,960,877 167,093,560
STOCKHOLDERS' EQUITY    
Subscription receivable $ (4,100,380) (5,922,749)
stAVAX    
Current Assets    
Digital assets   $ 15,246,914